Employers Holdings, Inc. (NYSE:EIG) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC cut its position in shares of Employers Holdings, Inc. (NYSE:EIG) by 0.4% during the 3rd quarter, Holdings Channel reports. The firm owned 59,682 shares of the financial services provider’s stock after selling 249 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Employers were worth $2,863,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in Employers by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 3,154,256 shares of the financial services provider’s stock worth $124,278,000 after acquiring an additional 16,997 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of Employers by 81.2% in the 1st quarter. BNP Paribas Financial Markets now owns 13,171 shares of the financial services provider’s stock worth $598,000 after purchasing an additional 5,903 shares during the last quarter. Mutual of America Capital Management LLC bought a new stake in shares of Employers in the 1st quarter worth approximately $201,000. Texas Permanent School Fund Corp lifted its stake in Employers by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 22,511 shares of the financial services provider’s stock valued at $1,022,000 after purchasing an additional 292 shares during the last quarter. Finally, LSV Asset Management boosted its holdings in Employers by 58.9% during the first quarter. LSV Asset Management now owns 798,826 shares of the financial services provider’s stock worth $36,259,000 after buying an additional 295,983 shares in the last quarter. Institutional investors and hedge funds own 80.49% of the company’s stock.

Employers Stock Down 0.3 %

NYSE:EIG opened at $47.81 on Wednesday. The stock has a fifty day simple moving average of $47.83 and a 200 day simple moving average of $44.99. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 10.13 and a beta of 0.24. Employers Holdings, Inc. has a 1-year low of $37.27 and a 1-year high of $50.00.

Employers (NYSE:EIG) last released its earnings results on Wednesday, July 31st. The financial services provider reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.02. The business had revenue of $217.00 million for the quarter, compared to the consensus estimate of $223.82 million. Employers had a net margin of 13.76% and a return on equity of 9.95%. The firm’s quarterly revenue was up .8% compared to the same quarter last year. During the same period last year, the firm posted $1.17 earnings per share. Equities analysts predict that Employers Holdings, Inc. will post 3.63 earnings per share for the current year.

Analysts Set New Price Targets

Separately, JMP Securities raised Employers to a “hold” rating in a report on Thursday, August 1st.

Employers Company Profile

Employers Holdings, Inc, through its subsidiaries, operates in the commercial property and casualty insurance industry primarily in the United States. The company operates in two segments, Employers and Cerity. It offers workers’ compensation insurance to small businesses in low to medium hazard industries under the Employers and Cerity brands.