Assenagon Asset Management S.A. bought a new position in shares of Employers Holdings, Inc. (NYSE:EIG) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 113,310 shares of the financial services provider’s stock, valued at approximately $5,031,000. Assenagon Asset Management S.A. owned approximately 0.35% of Employers at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Teachers Advisors LLC raised its holdings in shares of Employers by 342.9% in the second quarter. Teachers Advisors LLC now owns 243,804 shares of the financial services provider’s stock valued at $10,313,000 after buying an additional 188,754 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Employers by 3.9% in the second quarter. Dimensional Fund Advisors LP now owns 2,442,581 shares of the financial services provider’s stock valued at $103,322,000 after buying an additional 91,595 shares during the last quarter. State Street Corp raised its holdings in Employers by 11.8% during the second quarter. State Street Corp now owns 857,434 shares of the financial services provider’s stock worth $36,267,000 after purchasing an additional 90,172 shares in the last quarter. Vanguard Group Inc. raised its holdings in Employers by 2.9% during the second quarter. Vanguard Group Inc. now owns 2,878,592 shares of the financial services provider’s stock worth $121,764,000 after purchasing an additional 80,745 shares in the last quarter. Finally, Westwood Holdings Group Inc. raised its holdings in Employers by 20.7% during the second quarter. Westwood Holdings Group Inc. now owns 433,061 shares of the financial services provider’s stock worth $18,319,000 after purchasing an additional 74,415 shares in the last quarter. Hedge funds and other institutional investors own 77.41% of the company’s stock.
In other news, EVP John P. Nelson sold 12,000 shares of the firm’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $46.79, for a total value of $561,480.00. Following the transaction, the executive vice president now owns 25,977 shares of the company’s stock, valued at approximately $1,215,463.83. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Douglas D. Dirks sold 58,300 shares of the firm’s stock in a transaction on 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 in the company, valued at approximately $16,408,234.75. The disclosure for this sale can be found here. In the last quarter, insiders sold 91,204 shares of company stock worth $4,381,909. 3.50% of the stock is owned by company insiders.
EIG has been the subject of several analyst reports. ValuEngine cut shares of Employers from a “strong-buy” rating to a “buy” rating in a 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 report on Monday, October 30th. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $53.00 target price on shares of Employers in a report on Friday, October 27th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. Employers presently has an average rating of “Hold” and an average price target of $46.00.
Shares of Employers Holdings, Inc. (EIG) opened at $40.60 on Tuesday. The stock has a market cap of $1,320.00, a P/E ratio of 12.69 and a beta of 1.05. Employers Holdings, Inc. has a 1 year low of $35.90 and a 1 year high of $50.45.
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Employers Company 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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