Employers Holdings Inc (EIG) Position Increased by Principal Financial Group Inc.

Employers Holdings Inc (EIG) Position Increased by Principal Financial Group Inc.

Principal Financial Group Inc. raised its stake in shares of Employers Holdings Inc (NYSE:EIG) by 138.0% during the third quarter, Holdings Channel reports. The institutional investor owned 562,027 shares of the company’s stock after buying an additional 325,877 shares during the period. Principal Financial Group Inc. owned 1.75% of Employers Holdings worth $16,766,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of EIG. Victory Capital Management Inc. increased its stake in shares of Employers Holdings by 42.5% in the second quarter. Victory Capital Management Inc. now owns 3,758 shares of the company’s stock valued at $109,000 after buying an additional 1,120 shares in the last quarter. PineBridge Investments L.P. increased its stake in shares of Employers Holdings by 4.5% in the second quarter. PineBridge Investments L.P. now owns 4,114 shares of the company’s stock valued at $119,000 after buying an additional 178 shares in the last quarter. Teacher Retirement System of Texas increased its stake in shares of Employers Holdings by 13.7% in the second quarter. Teacher Retirement System of Texas now owns 4,479 shares of the company’s stock valued at $130,000 after buying an additional 538 shares in the last quarter. Sei Investments Co. increased its stake in shares of Employers Holdings by 47.7% in the second quarter. Sei Investments Co. now owns 4,996 shares of the company’s stock valued at $145,000 after buying an additional 1,614 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Employers Holdings during the third quarter valued at approximately $146,000. Institutional investors and hedge funds own 78.58% of the company’s stock.

Employers Holdings Inc (NYSE:EIG) traded down 1.20% during trading on Friday, hitting $37.05. The stock had a trading volume of 109,628 shares. The firm has a 50 day moving average of $38.21 and a 200-day moving average of $32.68. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of 12.44 and a beta of 0.99. Employers Holdings Inc has a 12 month low of $22.58 and a 12 month high of $40.55.

Employers Holdings (NYSE:EIG) last issued its quarterly earnings data on Wednesday, October 26th. The company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by $0.02. Employers Holdings had a return on equity of 10.40% and a net margin of 12.53%. Equities analysts predict that Employers Holdings Inc will post $2.09 earnings per share for the current year.

Several analysts have commented on the company. Macquarie downgraded Employers Holdings from an “outperform” rating to a “neutral” rating in a research note on Friday, December 2nd. Zacks Investment Research downgraded Employers Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, December 27th.

In related news, EVP John P. Nelson sold 14,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 3rd. The shares were sold at an average price of $39.63, for a total value of $554,820.00. Following the completion of the transaction, the executive vice president now owns 28,434 shares of the company’s stock, valued at $1,126,839.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Stephen V. Festa sold 6,500 shares of the business’s stock in a transaction that occurred on Friday, November 18th. The stock was sold at an average price of $35.00, for a total transaction of $227,500.00. Following the completion of the transaction, the chief operating officer now directly owns 18,961 shares of the company’s stock, valued at approximately $663,635. The disclosure for this sale can be found here. Insiders own 4.00% of the company’s stock.

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. The Company 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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