Swiss National Bank Continues to Hold Holdings in Employers Holdings Inc (EIG)
Swiss National Bank held its stake in shares of Employers Holdings Inc (NYSE:EIG) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 53,300 shares of the financial services provider’s stock at the close of the second quarter. Swiss National Bank owned about 0.16% of Employers Holdings worth $2,255,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of EIG. Principal Financial Group Inc. increased its stake in Employers Holdings by 0.6% during the second quarter. Principal Financial Group Inc. now owns 268,714 shares of the financial services provider’s stock worth $11,366,000 after acquiring an additional 1,557 shares during the last quarter. IndexIQ Advisors LLC purchased a new stake in Employers Holdings in the second quarter valued at $527,000. Prudential Financial Inc. raised its position in Employers Holdings by 12.6% in the second quarter. Prudential Financial Inc. now owns 402,566 shares of the financial services provider’s stock valued at $17,028,000 after purchasing an additional 45,088 shares during the period. Ifrah Financial Services Inc. purchased a new stake in Employers Holdings in the second quarter valued at $205,000. Finally, Victory Capital Management Inc. raised its position in Employers Holdings by 14.7% in 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 period. Institutional investors own 77.33% of the company’s stock.
Shares of Employers Holdings Inc (NYSE EIG) opened at 46.15 on Wednesday. Employers Holdings Inc has a 12 month low of $29.34 and a 12 month high of $46.30. The firm’s 50 day moving average is $42.34 and its 200-day moving average is $41.12. The firm has a market capitalization of $1.50 billion, a PE ratio of 14.29 and a beta of 1.12.
Employers Holdings (NYSE:EIG) last posted 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 business had revenue of $191.10 million for the quarter, compared to analysts’ expectations of $194.78 million. Employers Holdings had a return on equity of 10.25% and a net margin of 13.72%. On average, analysts expect that Employers Holdings Inc will post $2.27 EPS for the current fiscal year.
EIG has been the topic of several recent analyst reports. Zacks Investment Research raised Employers Holdings from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research note on Wednesday, June 7th. BidaskClub cut Employers Holdings from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 22nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $42.00.
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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