BlackRock Inc. Decreases Stake in Employers Holdings Inc (EIG)

BlackRock Inc. lowered its position in Employers Holdings Inc (NYSE:EIG) by 2.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,034,109 shares of the financial services provider’s stock after selling 96,240 shares during the period. BlackRock Inc. owned 12.45% of Employers Holdings worth $170,643,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Ameriprise Financial Inc. raised its position in shares of Employers Holdings by 8.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 562,065 shares of the financial services provider’s stock worth $23,774,000 after acquiring an additional 44,404 shares in the last quarter. Teachers Advisors LLC raised its position in shares of Employers Holdings by 342.9% in the 2nd quarter. Teachers Advisors LLC now owns 243,804 shares of the financial services provider’s stock worth $10,313,000 after acquiring an additional 188,754 shares in the last quarter. WBI Investments Inc. raised its position in shares of Employers Holdings by 41.8% in the 2nd quarter. WBI Investments Inc. now owns 63,013 shares of the financial services provider’s stock worth $2,665,000 after acquiring an additional 18,567 shares in the last quarter. Riverhead Capital Management LLC raised its position in shares of Employers Holdings by 64.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,797 shares of the financial services provider’s stock worth $118,000 after acquiring an additional 1,097 shares in the last quarter. Finally, Martingale Asset Management L P raised its position in shares of Employers Holdings by 55.1% in the 2nd quarter. Martingale Asset Management L P now owns 99,158 shares of the financial services provider’s stock worth $4,195,000 after acquiring an additional 35,206 shares in the last quarter. 77.33% of the stock is owned by hedge funds and other institutional investors.

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Several brokerages have recently issued reports on EIG. Buckingham Research began coverage on Employers Holdings in a research report on Monday, September 11th. They issued an “underperform” rating and a $36.00 target price for the company. Zacks Investment Research lowered Employers Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. Finally, BidaskClub lowered Employers Holdings from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $42.00.

Employers Holdings Inc (EIG) opened at 46.50 on Thursday. The company has a market cap of $1.51 billion, a price-to-earnings ratio of 14.40 and a beta of 1.12. The company’s 50-day moving average price is $43.03 and its 200-day moving average price is $41.49. Employers Holdings Inc has a 52-week low of $29.55 and a 52-week high of $46.90.

Employers Holdings (NYSE:EIG) last announced its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.05. The firm had revenue of $191.10 million during the quarter, compared to analyst estimates of $194.78 million. Employers Holdings had a return on equity of 10.25% and a net margin of 13.72%. Equities research analysts expect that Employers Holdings Inc will post $2.27 EPS for the current fiscal year.

Employers Holdings Company Profile

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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Institutional Ownership by Quarter for Employers Holdings (NYSE:EIG)

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