JPMorgan Chase & Co. decreased its position in shares of Employers Holdings, Inc. (NYSE:EIG) by 18.9% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 28,642 shares of the financial services provider’s stock after selling 6,686 shares during the quarter. JPMorgan Chase & Co.’s holdings in Employers were worth $1,306,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in EIG. Riverhead Capital Management LLC lifted its stake in shares of Employers by 64.5% during the second quarter. Riverhead Capital Management LLC now owns 2,797 shares of the financial services provider’s stock valued at $118,000 after buying an additional 1,097 shares during the period. Stifel Financial Corp purchased a new position in shares of Employers during the second quarter valued at approximately $214,000. First Allied Advisory Services Inc. purchased a new position in shares of Employers during the second quarter valued at approximately $215,000. Victory Capital Management Inc. raised its stake in Employers by 14.7% during the second quarter. Victory Capital Management Inc. now owns 6,618 shares of the financial services provider’s stock worth $280,000 after purchasing an additional 850 shares during the period. Finally, Piedmont Investment Advisors LLC purchased a new position in Employers during the second quarter worth approximately $295,000. 77.37% of the stock is currently owned by institutional investors and hedge funds.

In other news, EVP John P. Nelson sold 12,000 shares of the firm’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $46.79, for a total value of $561,480.00. Following the transaction, the executive vice president now owns 25,977 shares of the company’s stock, valued at approximately $1,215,463.83. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP John P. Nelson sold 3,400 shares of the firm’s stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $44.56, for a total transaction of $151,504.00. Following the completion of the transaction, the executive vice president now directly owns 20,377 shares in the company, valued at approximately $907,999.12. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 83,525 shares of company stock worth $4,050,555. 3.50% of the stock is currently owned by insiders.

Employers Holdings, Inc. (EIG) opened at $42.80 on Thursday. The firm has a market cap of $1,410.00, a P/E ratio of 13.38 and a beta of 1.14. Employers Holdings, Inc. has a one year low of $35.60 and a one year high of $50.45.

Employers (NYSE:EIG) last posted its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.08. The company had revenue of $210.50 million for the quarter, compared to the consensus estimate of $193.04 million. Employers had a net margin of 13.32% and a return on equity of 10.39%. analysts predict that Employers Holdings, Inc. will post 2.39 earnings per share for the current fiscal year.

A number of equities analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Employers from a “buy” rating to a “hold” rating in a research note on Monday, September 25th. SunTrust Banks reaffirmed a “buy” rating and set a $53.00 price target on shares of Employers in a research note on Friday, October 27th. Finally, ValuEngine downgraded shares of Employers from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $47.33.

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About Employers

Employers Holdings, Inc is a holding company. Through its insurance subsidiaries, the Company provides workers’ compensation insurance coverage to select, small businesses in low to medium hazard industries. It provides workers’ compensation insurance under a statutory system wherein employers are required to provide coverage for their employees’ medical, disability, vocational rehabilitation, and/or death benefit costs for work-related injuries or illnesses.

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Institutional Ownership by Quarter for Employers (NYSE:EIG)

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