Employers Holdings, Inc. (NYSE:EIG) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC cut its position in Employers Holdings, Inc. (NYSE:EIG) by 3.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,379 shares of the financial services provider’s stock after selling 337 shares during the period. Yousif Capital Management LLC’s holdings in Employers were worth $480,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Capital Investment Advisors LLC acquired a new position in Employers during the third quarter worth $387,000. Assenagon Asset Management S.A. boosted its stake in Employers by 1.6% during the third quarter. Assenagon Asset Management S.A. now owns 200,660 shares of the financial services provider’s stock worth $9,626,000 after buying an additional 3,257 shares during the last quarter. QRG Capital Management Inc. boosted its stake in Employers by 15.8% during the third quarter. QRG Capital Management Inc. now owns 32,315 shares of the financial services provider’s stock worth $1,550,000 after buying an additional 4,415 shares during the last quarter. Meritage Portfolio Management boosted its stake in Employers by 9.3% during the third quarter. Meritage Portfolio Management now owns 8,297 shares of the financial services provider’s stock worth $398,000 after buying an additional 704 shares during the last quarter. Finally, Royce & Associates LP boosted its stake in Employers by 24.7% during the third quarter. Royce & Associates LP now owns 34,393 shares of the financial services provider’s stock worth $1,650,000 after buying an additional 6,806 shares during the last quarter. 80.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Truist Financial boosted their price objective on Employers from $55.00 to $58.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. StockNews.com lowered Employers from a “buy” rating to a “hold” rating in a research note on Friday, December 20th.

Employers Stock Down 0.4 %

Shares of Employers stock opened at $49.02 on Monday. Employers Holdings, Inc. has a 52 week low of $38.67 and a 52 week high of $54.44. The business’s fifty day simple moving average is $50.06 and its 200-day simple moving average is $49.33. The firm has a market cap of $1.21 billion, a PE ratio of 9.18 and a beta of 0.27.

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.