UBS Asset Management Americas Inc. increased its position in shares of Employers Holdings Inc (NYSE:EIG) by 87.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,842 shares of the financial services provider’s stock after buying an additional 6,443 shares during the period. UBS Asset Management Americas Inc.’s holdings in Employers Holdings were worth $525,000 as of its most recent filing with the SEC.
A number of other large investors also recently added to or reduced their stakes in EIG. State of Alaska Department of Revenue boosted its stake in Employers Holdings by 1.1% in the first quarter. State of Alaska Department of Revenue now owns 3,550 shares of the financial services provider’s stock worth $134,000 after buying an additional 40 shares in the last quarter. Advisors Preferred LLC bought a new stake in Employers Holdings during the first quarter worth about $214,000. Louisiana State Employees Retirement System boosted its stake in Employers Holdings by 1.6% in the first quarter. Louisiana State Employees Retirement System now owns 13,100 shares of the financial services provider’s stock worth $497,000 after buying an additional 200 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in Employers Holdings during the fourth quarter worth about $930,000. Finally, Comerica Bank boosted its stake in Employers Holdings by 3.3% in the first quarter. Comerica Bank now owns 35,618 shares of the financial services provider’s stock worth $1,410,000 after buying an additional 1,135 shares in the last quarter. 77.67% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Employers Holdings Inc (NYSE:EIG) opened at 43.70 on Tuesday. The company has a 50-day moving average of $42.28 and a 200-day moving average of $39.37. The firm has a market cap of $1.41 billion, a PE ratio of 13.32 and a beta of 1.09. Employers Holdings Inc has a 1-year low of $27.01 and a 1-year high of $44.25.
Employers Holdings (NYSE:EIG) last announced its quarterly earnings data on Wednesday, April 26th. The financial services provider reported $0.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.06. The firm had revenue of $196.30 million for the quarter, compared to analyst estimates of $190.17 million. Employers Holdings had a return on equity of 9.83% and a net margin of 13.72%. Analysts predict that Employers Holdings Inc will post $2.23 earnings per share for the current fiscal year.
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A number of research firms recently issued reports on EIG. Zacks Investment Research raised shares of Employers Holdings from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research note on Friday, May 19th. BidaskClub cut shares of Employers Holdings from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 22nd. Finally, ValuEngine raised shares of Employers Holdings from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd.
In other Employers Holdings news, CEO Douglas D. Dirks sold 83,890 shares of the company’s stock in a transaction on Monday, June 12th. The stock was sold at an average price of $41.93, for a total value of $3,517,507.70. Following the sale, the chief executive officer now owns 409,535 shares of the company’s stock, valued at $17,171,802.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.00% of the stock is currently owned by corporate insiders.
About Employers Holdings
Employers Holdings, Inc is a holding company. Through its insurance subsidiaries, the Company provides workers’ compensation insurance coverage to select, small businesses in low to medium hazard industries. It provides workers’ compensation insurance under a statutory system wherein employers are required to provide coverage for their employees’ medical, disability, vocational rehabilitation, and/or death benefit costs for work-related injuries or illnesses.
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