LSV Asset Management Sells 47,674 Shares of Employers Holdings Inc $EIG

LSV Asset Management cut its holdings in Employers Holdings Inc (NYSE:EIG) by 4.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 982,113 shares of the financial services provider’s stock after selling 47,674 shares during the quarter. LSV Asset Management’s holdings in Employers were worth $41,720,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Allianz Asset Management GmbH lifted its stake in shares of Employers by 144.1% in the 3rd quarter. Allianz Asset Management GmbH now owns 37,217 shares of the financial services provider’s stock valued at $1,581,000 after purchasing an additional 21,972 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in Employers during the third quarter valued at about $1,187,000. Teacher Retirement System of Texas lifted its position in shares of Employers by 4.8% in the third quarter. Teacher Retirement System of Texas now owns 111,860 shares of the financial services provider’s stock worth $4,752,000 after buying an additional 5,081 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in shares of Employers by 1.4% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 92,755 shares of the financial services provider’s stock worth $3,940,000 after buying an additional 1,255 shares during the last quarter. Finally, Versant Capital Management Inc boosted its stake in shares of Employers by 230.2% during the 3rd quarter. Versant Capital Management Inc now owns 1,981 shares of the financial services provider’s stock worth $84,000 after acquiring an additional 1,381 shares in the last quarter. Institutional investors and hedge funds own 80.49% of the company’s stock.

Analysts Set New Price Targets

EIG has been the topic of a number of recent analyst reports. Zacks Research raised Employers from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 30th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Employers in a report on Monday, December 29th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Employers currently has a consensus rating of “Hold”.

Employers Stock Down 0.8%

Shares of NYSE:EIG opened at $42.51 on Friday. The company has a market cap of $955.71 million, a price-to-earnings ratio of 16.80 and a beta of 0.57. The business has a 50 day moving average price of $43.50 and a 200 day moving average price of $42.02. Employers Holdings Inc has a twelve month low of $35.73 and a twelve month high of $52.28.

About Employers

Employers Holdings, Inc (NYSE: EIG) is a publicly traded property and casualty insurance holding company headquartered in Des Moines, Iowa. Through its subsidiaries, Employers Mutual Casualty Company and Employers Preferred Insurance Company, the firm specializes in providing workers’ compensation coverage alongside an array of commercial insurance products. Its service offerings include general liability, commercial auto, businessowners policies and umbrella coverages, tailored to meet the risk-management needs of small and mid-sized businesses across multiple industries.

The company markets its insurance solutions primarily through a network of independent agencies and brokers, leveraging local market expertise to underwrite policies that address the unique exposures faced by clients in manufacturing, construction, healthcare, retail and service sectors.