Meeder Asset Management Inc. acquired a new position in shares of Employers Holdings, Inc. (NYSE:EIG) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,346 shares of the financial services provider’s stock, valued at approximately $144,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. Anderson Fisher LLC bought a new position in shares of Employers during the second quarter worth about $80,000. Everence Capital Management Inc. bought a new position in shares of Employers during the third quarter worth about $203,000. 6 Meridian bought a new position in shares of Employers during the second quarter worth about $204,000. Capital Fund Management S.A. bought a new position in shares of Employers during the second quarter worth about $262,000. Finally, Voloridge Investment Management LLC bought a new position in shares of Employers during the second quarter worth about $268,000. Institutional investors own 80.47% of the company’s stock.
EIG has been the subject of a number of analyst reports. Zacks Investment Research upgraded Employers from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a research report on Monday. Boenning Scattergood restated a “buy” rating and set a $50.00 price objective on shares of Employers in a research report on Thursday, July 25th.
Employers (NYSE:EIG) last issued its quarterly earnings data on Wednesday, October 23rd. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.28. The company had revenue of $198.40 million during the quarter, compared to the consensus estimate of $203.58 million. Employers had a return on equity of 12.34% and a net margin of 18.73%. During the same period last year, the company earned $0.98 earnings per share. On average, research analysts predict that Employers Holdings, Inc. will post 3 EPS for the current fiscal year.
Employers Company Profile
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; alternative distribution channels comprising its partners; and through national, regional, and local trade groups and associations, as well as directly to customers.
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