Employers Holdings, Inc. (EIG) Position Raised by Dalton Greiner Hartman Maher & Co.
Dalton Greiner Hartman Maher & Co. increased its position in shares of Employers Holdings, Inc. (NYSE:EIG) by 6.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 664,071 shares of the financial services provider’s stock after buying an additional 38,910 shares during the period. Employers makes up about 1.5% of Dalton Greiner Hartman Maher & Co.’s investment portfolio, making the stock its 7th biggest position. Dalton Greiner Hartman Maher & Co.’s holdings in Employers were worth $29,485,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Piedmont Investment Advisors LLC purchased a new stake in Employers during the 2nd quarter worth $295,000. Royal Bank of Canada increased its stake in Employers by 84.3% during the 2nd quarter. Royal Bank of Canada now owns 18,801 shares of the financial services provider’s stock worth $794,000 after buying an additional 8,602 shares during the period. California Public Employees Retirement System increased its stake in Employers by 4.1% during the 2nd quarter. California Public Employees Retirement System now owns 69,200 shares of the financial services provider’s stock worth $2,927,000 after buying an additional 2,700 shares during the period. Crossmark Global Holdings Inc. purchased a new stake in Employers during the 3rd quarter worth $374,000. Finally, SG Americas Securities LLC increased its position in shares of Employers by 36.9% in the 3rd quarter. SG Americas Securities LLC now owns 14,694 shares of the financial services provider’s stock worth $668,000 after purchasing an additional 3,959 shares during the last quarter. 77.37% of the stock is currently owned by hedge funds and other institutional investors.
In other news, EVP John P. Nelson sold 3,400 shares of Employers stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $44.56, for a total value of $151,504.00. Following the completion of the transaction, the executive vice president now directly owns 20,377 shares of the company’s stock, valued at approximately $907,999.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas D. Dirks sold 58,300 shares of Employers stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $49.55, for a total transaction of $2,888,765.00. Following the completion of the transaction, the chief executive officer now directly owns 331,145 shares of the company’s stock, valued at $16,408,234.75. The disclosure for this sale can be found here. Insiders sold a total of 83,525 shares of company stock valued at $4,050,555 over the last ninety days. Company insiders own 3.50% of the company’s stock.
Employers (NYSE:EIG) last released its earnings results on Wednesday, October 25th. The financial services provider reported $0.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.08. The company had revenue of $210.50 million during the quarter, compared to the consensus estimate of $193.04 million. Employers had a net margin of 13.32% and a return on equity of 10.39%. analysts anticipate that Employers Holdings, Inc. will post 2.39 earnings per share for the current year.
Several equities research analysts have recently weighed in on the stock. ValuEngine downgraded shares of Employers from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Zacks Investment Research raised shares of Employers from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a research report on Monday, October 30th. Finally, SunTrust Banks reissued a “buy” rating and issued a $53.00 target price on shares of Employers in a research report on Friday, October 27th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $47.33.
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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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