Empirical Financial Services LLC d.b.a. Empirical Wealth Management Acquires 1,188 Shares of Employers Holdings, Inc. (NYSE:EIG)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in Employers Holdings, Inc. (NYSE:EIG) by 13.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 10,257 shares of the financial services provider’s stock after purchasing an additional 1,188 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Employers were worth $525,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in EIG. Versant Capital Management Inc grew its stake in shares of Employers by 50.1% in the fourth quarter. Versant Capital Management Inc now owns 596 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 199 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Employers by 45.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,145 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 358 shares during the period. FMR LLC grew its position in Employers by 15.2% in the 3rd quarter. FMR LLC now owns 1,520 shares of the financial services provider’s stock worth $73,000 after purchasing an additional 200 shares during the last quarter. Mackenzie Financial Corp bought a new position in shares of Employers during the 2nd quarter worth about $257,000. Finally, Verition Fund Management LLC acquired a new position in shares of Employers during the third quarter valued at about $291,000. 80.49% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on EIG shares. Truist Financial lifted their target price on Employers from $55.00 to $58.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. StockNews.com cut Employers from a “buy” rating to a “hold” rating in a research report on Friday, December 20th.

Employers Stock Down 0.0 %

NYSE EIG opened at $49.70 on Thursday. The stock has a market cap of $1.23 billion, a P/E ratio of 9.31 and a beta of 0.27. Employers Holdings, Inc. has a twelve month low of $38.67 and a twelve month high of $54.44. The company’s 50-day simple moving average is $51.04 and its 200 day simple moving average is $49.06.

Employers (NYSE:EIG) last issued its earnings results on Wednesday, October 30th. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.03. The business had revenue of $224.00 million during the quarter, compared to analysts’ expectations of $225.19 million. Employers had a return on equity of 9.78% and a net margin of 15.27%. Research analysts anticipate that Employers Holdings, Inc. will post 3.65 earnings per share for the current year.

Employers Profile

Employers Holdings, Inc, through its subsidiaries, operates in the commercial property and casualty insurance industry primarily in the United States. The company operates in two segments, Employers and Cerity. It offers workers’ compensation insurance to small businesses in low to medium hazard industries under the Employers and Cerity brands.