Barclays PLC Raises Holdings in Employers Holdings, Inc. (EIG)

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Barclays PLC boosted its position in shares of Employers Holdings, Inc. (NYSE:EIG) by 18.3% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 14,471 shares of the financial services provider’s stock after acquiring an additional 2,239 shares during the quarter. Barclays PLC’s holdings in Employers were worth $585,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of EIG. BlackRock Inc. lifted its position in Employers by 6.8% during the 1st quarter. BlackRock Inc. now owns 4,429,570 shares of the financial services provider’s stock worth $179,174,000 after acquiring an additional 282,190 shares during the period. Millennium Management LLC raised its stake in shares of Employers by 401.2% during the 4th quarter. Millennium Management LLC now owns 205,708 shares of the financial services provider’s stock valued at $9,133,000 after buying an additional 164,665 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Employers by 69.0% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 393,253 shares of the financial services provider’s stock valued at $15,908,000 after buying an additional 160,546 shares during the last quarter. Westwood Holdings Group Inc. raised its stake in shares of Employers by 18.6% during the 1st quarter. Westwood Holdings Group Inc. now owns 672,114 shares of the financial services provider’s stock valued at $27,187,000 after buying an additional 105,398 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Employers by 3.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,594,373 shares of the financial services provider’s stock valued at $104,942,000 after buying an additional 89,190 shares during the last quarter. 78.38% of the stock is owned by institutional investors.

NYSE EIG opened at $40.20 on Friday. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 13.91 and a beta of 0.98. Employers Holdings, Inc. has a fifty-two week low of $38.35 and a fifty-two week high of $50.45.

Employers (NYSE:EIG) last released its quarterly earnings data on Wednesday, April 25th. The financial services provider reported $0.88 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.33. The business had revenue of $211.60 million during the quarter, compared to analyst estimates of $259.70 million. Employers had a return on equity of 11.45% and a net margin of 13.11%. The company’s revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the business posted $0.88 EPS. equities research analysts expect that Employers Holdings, Inc. will post 2.65 earnings per share for the current fiscal year.

In related news, EVP Lenard T. Ormsby sold 6,000 shares of Employers stock in a transaction dated Tuesday, June 19th. The stock was sold at an average price of $40.52, for a total value of $243,120.00. Following the completion of the transaction, the executive vice president now owns 22,681 shares in the company, valued at approximately $919,034.12. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Lawrence S. Rogers sold 880 shares of Employers stock in a transaction dated Tuesday, June 5th. The shares were sold at an average price of $39.90, for a total value of $35,112.00. The disclosure for this sale can be found here. Insiders have sold a total of 15,880 shares of company stock valued at $650,322 in the last quarter. Company insiders own 3.50% of the company’s stock.

A number of research firms have weighed in on EIG. Boenning Scattergood began coverage on Employers in a research note on Tuesday, June 19th. They set a “neutral” rating for the company. Zacks Investment Research upgraded Employers from a “sell” rating to a “hold” rating in a research note on Tuesday, April 24th. Finally, ValuEngine lowered Employers from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. Employers presently has a consensus rating of “Hold” and a consensus target price of $45.33.

About Employers

Employers Holdings, Inc, through its subsidiaries, operates in the commercial property and casualty insurance industry primarily in the United States. It offers workers' compensation insurance to small businesses in low to medium hazard industries. The company markets its products through independent local, regional, and national agents and brokers; and alternative distribution channels comprising its partners, as well as through national, regional, and local trade groups and associations.

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Institutional Ownership by Quarter for Employers (NYSE:EIG)

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