SG Americas Securities LLC Sells 2,029 Shares of Employers Holdings, Inc. (NYSE:EIG)

SG Americas Securities LLC trimmed its stake in shares of Employers Holdings, Inc. (NYSE:EIG) by 22.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,055 shares of the financial services provider’s stock after selling 2,029 shares during the period. SG Americas Securities LLC’s holdings in Employers were worth $361,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Versant Capital Management Inc boosted its stake in shares of Employers by 50.1% in the 4th quarter. Versant Capital Management Inc now owns 596 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 199 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of 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 acquiring an additional 358 shares in the last quarter. FMR LLC increased its stake in Employers by 15.2% during the 3rd quarter. FMR LLC now owns 1,520 shares of the financial services provider’s stock valued at $73,000 after purchasing an additional 200 shares in the last quarter. Mackenzie Financial Corp acquired a new position in Employers during the second quarter worth $257,000. Finally, Verition Fund Management LLC acquired a new position in Employers during the third quarter worth $291,000. Institutional investors own 80.49% of the company’s stock.

Employers Price Performance

NYSE EIG opened at $49.21 on Tuesday. Employers Holdings, Inc. has a 1 year low of $38.67 and a 1 year high of $54.44. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of 9.21 and a beta of 0.27. The company has a fifty day moving average price of $50.89 and a 200-day moving average price of $49.14.

Analyst Upgrades and Downgrades

Several research firms have weighed in on EIG. StockNews.com downgraded shares of Employers from a “buy” rating to a “hold” rating in a report on Friday, December 20th. Truist Financial upped their price objective on shares of Employers from $55.00 to $58.00 and gave the stock a “buy” rating in a report on Friday, November 1st.

About Employers

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.