Employers Holdings Inc (EIG) Shares Sold by Fmr LLC

Fmr LLC cut its position in shares of Employers Holdings Inc (NYSE:EIG) by 3.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,792,402 shares of the financial services provider’s stock after selling 97,486 shares during the period. Fmr LLC owned about 8.61% of Employers Holdings worth $118,118,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EIG. Ameritas Investment Partners Inc. purchased a new position in Employers Holdings during the 1st quarter worth $101,000. Riverhead Capital Management LLC grew its stake in Employers Holdings by 64.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,797 shares of the financial services provider’s stock worth $118,000 after buying an additional 1,097 shares during the last quarter. Ifrah Financial Services Inc. purchased a new position in Employers Holdings during the 2nd quarter worth $205,000. Victory Capital Management Inc. grew its stake in Employers Holdings by 25.3% during the 1st quarter. Victory Capital Management Inc. now owns 5,768 shares of the financial services provider’s stock worth $219,000 after buying an additional 1,163 shares during the last quarter. Finally, Menta Capital LLC purchased a new position in Employers Holdings during the 1st quarter worth $238,000. 77.33% of the stock is owned by institutional investors and hedge funds.

Several research analysts recently weighed in on EIG shares. Zacks Investment Research downgraded Employers Holdings from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. BidaskClub downgraded Employers Holdings from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 22nd. Finally, Buckingham Research began coverage on Employers Holdings in a research note on Monday, September 11th. They set an “underperform” rating and a $36.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. Employers Holdings currently has a consensus rating of “Hold” and an average target price of $42.00.

Shares of Employers Holdings Inc (EIG) opened at 46.40 on Monday. The firm’s 50-day moving average price is $42.65 and its 200 day moving average price is $41.25. Employers Holdings Inc has a 1-year low of $29.55 and a 1-year high of $46.60. The stock has a market cap of $1.50 billion, a P/E ratio of 14.37 and a beta of 1.12.

Employers Holdings (NYSE:EIG) last issued its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.05. The company had revenue of $191.10 million for 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%. On average, equities analysts expect that Employers Holdings Inc will post $2.27 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This news story was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this news story on another publication, it was illegally stolen and republished in violation of U.S. & international copyright law. The legal version of this news story can be read at https://ledgergazette.com/2017/10/09/employers-holdings-inc-eig-shares-sold-by-fmr-llc.html.

About Employers Holdings

Employers Holdings, Inc is a holding company. Through its insurance subsidiaries, the Company provides workers’ compensation insurance coverage to s

A number of other hedge funds and other institutional investors have also recently modified their holdings of EIG. Ameritas Investment Partners Inc. purchased a new position in Employers Holdings during the 1st quarter worth $101,000. Riverhead Capital Management LLC grew its stake in Employers Holdings by 64.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,797 shares of the financial services provider’s stock worth $118,000 after buying an additional 1,097 shares during the last quarter. Ifrah Financial Services Inc. purchased a new position in Employers Holdings during the 2nd quarter worth $205,000. Victory Capital Management Inc. grew its stake in Employers Holdings by 25.3% during the 1st quarter. Victory Capital Management Inc. now owns 5,768 shares of the financial services provider’s stock worth $219,000 after buying an additional 1,163 shares during the last quarter. Finally, Menta Capital LLC purchased a new position in Employers Holdings during the 1st quarter worth $238,000. 77.33% of the stock is owned by institutional investors and hedge funds.

Several research analysts recently weighed in on EIG shares. Zacks Investment Research downgraded Employers Holdings from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. BidaskClub downgraded Employers Holdings from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 22nd. Finally, Buckingham Research began coverage on Employers Holdings in a research note on Monday, September 11th. They set an “underperform” rating and a $36.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. Employers Holdings currently has a consensus rating of “Hold” and an average target price of $42.00.

Shares of Employers Holdings Inc (EIG) opened at 46.40 on Monday. The firm’s 50-day moving average price is $42.65 and its 200 day moving average price is $41.25. Employers Holdings Inc has a 1-year low of $29.55 and a 1-year high of $46.60. The stock has a market cap of $1.50 billion, a P/E ratio of 14.37 and a beta of 1.12.

Employers Holdings (NYSE:EIG) last issued its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.05. The company had revenue of $191.10 million for 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%. On average, equities analysts expect that Employers Holdings Inc will post $2.27 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This news story was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this news story on another publication, it was illegally stolen and republished in violation of U.S. & international copyright law. The legal version of this news story can be read at https://ledgergazette.com/2017/10/09/employers-holdings-inc-eig-shares-sold-by-fmr-llc.html.

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

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