California Public Employees Retirement System increased its stake in shares of Employers Holdings, Inc. (NYSE:EIG) by 8.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,097 shares of the financial services provider’s stock after purchasing an additional 5,897 shares during the quarter. California Public Employees Retirement System’s holdings in Employers were worth $3,413,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EIG. Schwab Charles Investment Management Inc. grew its stake in shares of Employers by 7.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 221,628 shares of the financial services provider’s stock valued at $9,375,000 after purchasing an additional 14,822 shares during the last quarter. Legal & General Group Plc grew its stake in shares of Employers by 8.7% during the second quarter. Legal & General Group Plc now owns 62,388 shares of the financial services provider’s stock valued at $2,639,000 after purchasing an additional 5,009 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Employers by 14.7% during the second quarter. Victory Capital Management Inc. now owns 6,618 shares of the financial services provider’s stock valued at $280,000 after purchasing an additional 850 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Employers by 0.6% during the second quarter. Principal Financial Group Inc. now owns 268,714 shares of the financial services provider’s stock valued at $11,366,000 after purchasing an additional 1,557 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. grew its stake in shares of Employers by 0.3% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 29,354 shares of the financial services provider’s stock valued at $1,242,000 after purchasing an additional 80 shares during the last quarter. 77.37% of the stock is currently owned by institutional investors and hedge funds.

In related news, CEO Douglas D. Dirks sold 58,300 shares of the stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $49.55, for a total value of $2,888,765.00. Following the transaction, the chief executive officer now directly owns 331,145 shares in the company, valued at $16,408,234.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP John P. Nelson sold 9,825 shares of the stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of $45.68, for a total transaction of $448,806.00. Following the completion of the transaction, the executive vice president now owns 23,802 shares in the company, valued at $1,087,275.36. The disclosure for this sale can be found here. Insiders sold 83,525 shares of company stock worth $4,050,555 over the last 90 days. 3.50% of the stock is currently owned by company insiders.

Several analysts have recently commented on the stock. ValuEngine cut shares of Employers from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Zacks Investment Research raised shares of Employers from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research note on Monday, October 30th. Finally, SunTrust Banks reissued a “buy” rating and set a $53.00 price target on shares of Employers in a research note on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Employers currently has an average rating of “Hold” and a consensus price target of $47.33.

Shares of Employers Holdings, Inc. (NYSE:EIG) opened at $43.20 on Friday. Employers Holdings, Inc. has a 52 week low of $35.60 and a 52 week high of $50.45. The company has a market cap of $1,400.00, a P/E ratio of 13.50 and a beta of 1.14.

Employers (NYSE:EIG) last announced its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.08. Employers had a net margin of 13.32% and a return on equity of 10.39%. The business had revenue of $210.50 million for the quarter, compared to analyst estimates of $193.04 million. equities analysts anticipate that Employers Holdings, Inc. will post 2.39 EPS for the current fiscal year.

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Employers 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 (NYSE:EIG)

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