Principal Financial Group Inc. Sells 26,611 Shares of Employers Holdings Inc $EIG

Principal Financial Group Inc. lessened its holdings in Employers Holdings Inc (NYSE:EIG) by 19.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 113,564 shares of the financial services provider’s stock after selling 26,611 shares during the quarter. Principal Financial Group Inc.’s holdings in Employers were worth $4,824,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in EIG. Qube Research & Technologies Ltd increased its position in Employers by 93.1% in the 2nd quarter. Qube Research & Technologies Ltd now owns 264,078 shares of the financial services provider’s stock valued at $12,459,000 after acquiring an additional 127,330 shares during the period. Norges Bank acquired a new position in shares of Employers during the second quarter worth $3,859,000. Boston Partners grew its stake in shares of Employers by 21.8% in the second quarter. Boston Partners now owns 355,041 shares of the financial services provider’s stock worth $16,252,000 after purchasing an additional 63,582 shares during the last quarter. Jane Street Group LLC increased its holdings in Employers by 151.7% in the second quarter. Jane Street Group LLC now owns 101,815 shares of the financial services provider’s stock valued at $4,804,000 after purchasing an additional 61,367 shares during the period. Finally, Carolina Wealth Advisors LLC raised its position in Employers by 80.5% during the 3rd quarter. Carolina Wealth Advisors LLC now owns 132,289 shares of the financial services provider’s stock worth $5,620,000 after purchasing an additional 58,980 shares during the last quarter. 80.49% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Employers Stock Down 0.8%

EIG stock opened at $42.51 on Monday. The firm has a market cap of $955.71 million, a price-to-earnings ratio of 16.80 and a beta of 0.57. The company’s fifty day simple moving average is $43.50 and its 200 day simple moving average is $41.96. Employers Holdings Inc has a 12-month low of $35.73 and a 12-month high of $52.28.

Employers Company Profile

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.