Trade Report: Today: Capital Fund Management S.A. cuts its investment of stake in Employers Holdings Inc. (EIG)

Today: Capital Fund Management S.A. cuts its investment of stake in Employers Holdings Inc. (EIG)

Capital Fund Management S.A. cut its stake in shares of Employers Holdings Inc. (NYSE:EIG) by 32.5% during the second quarter, Holdings Channel reports. The institutional investor owned 7,900 shares of the company’s stock after selling 3,800 shares during the period. Capital Fund Management S.A.’s holdings in Employers Holdings were worth $229,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dalton Greiner Hartman Maher & Co. purchased a new position in Employers Holdings during the second quarter valued at approximately $12,834,000. Teachers Advisors Inc. boosted its stake in shares of Employers Holdings by 223.9% in the first quarter. Teachers Advisors Inc. now owns 311,419 shares of the company’s stock valued at $8,763,000 after buying an additional 215,264 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Employers Holdings by 51.6% in the first quarter. Renaissance Technologies LLC now owns 402,200 shares of the company’s stock valued at $11,318,000 after buying an additional 136,928 shares during the last quarter. Bank of Montreal Can bought a new stake in shares of Employers Holdings during the second quarter valued at about $3,815,000. Finally, Smith Asset Management Group LP boosted its stake in shares of Employers Holdings by 153.6% in the second quarter. Smith Asset Management Group LP now owns 92,210 shares of the company’s stock valued at $2,676,000 after buying an additional 55,850 shares during the last quarter. 78.25% of the stock is owned by hedge funds and other institutional investors.

Shares of Employers Holdings Inc. (NYSE:EIG) traded up 0.56% during mid-day trading on Friday, reaching $30.66. The company’s stock had a trading volume of 68,062 shares. The company’s 50-day moving average is $30.04 and its 200 day moving average is $29.38. The firm has a market capitalization of $994.55 million, a P/E ratio of 10.19 and a beta of 1.21. Employers Holdings Inc. has a 1-year low of $22.58 and a 1-year high of $32.03.

Employers Holdings (NYSE:EIG) last announced its earnings results on Wednesday, July 27th. The company reported $0.57 earnings per share for the quarter, meeting the consensus estimate of $0.57. Employers Holdings had a return on equity of 11.05% and a net margin of 12.66%. The company had revenue of $201.80 million for the quarter, compared to the consensus estimate of $197.92 million. On average, analysts expect that Employers Holdings Inc. will post $2.11 earnings per share for the current year.

Separately, Zacks Investment Research upgraded Employers Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, September 27th.

In related news, EVP Ann W. Nelson sold 1,142 shares of Employers Holdings stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $30.00, for a total value of $34,260.00. Following the sale, the executive vice president now directly owns 43,344 shares in the company, valued at $1,300,320. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Richard P. Hallman sold 16,588 shares of Employers Holdings stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $27.71, for a total value of $459,653.48. Following the completion of the sale, the executive vice president now owns 30,342 shares in the company, valued at $840,776.82. The disclosure for this sale can be found here. 4.00% of the stock is owned by company insiders.

Employers Holdings 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. The Company 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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