Employers Holdings, Inc. (NYSE:EIG) Shares Sold by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. trimmed its position in shares of Employers Holdings, Inc. (NYSE:EIG) by 1.0% in the first quarter, Holdings Channel.com reports. The firm owned 232,182 shares of the financial services provider’s stock after selling 2,251 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in Employers were worth $10,539,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EIG. Texas Permanent School Fund Corp boosted its holdings in Employers by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 22,511 shares of the financial services provider’s stock valued at $1,022,000 after purchasing an additional 292 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of Employers by 14.8% in the 4th quarter. SG Americas Securities LLC now owns 5,702 shares of the financial services provider’s stock valued at $225,000 after buying an additional 737 shares during the period. New York State Common Retirement Fund lifted its holdings in shares of Employers by 3.9% in the 4th quarter. New York State Common Retirement Fund now owns 21,561 shares of the financial services provider’s stock worth $850,000 after purchasing an additional 814 shares during the last quarter. Lazard Asset Management LLC bought a new stake in Employers in the first quarter valued at $36,000. Finally, Price T Rowe Associates Inc. MD boosted its stake in Employers by 12.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,334 shares of the financial services provider’s stock valued at $333,000 after purchasing an additional 834 shares during the period. Hedge funds and other institutional investors own 80.49% of the company’s stock.

Employers Price Performance

EIG stock traded up $0.24 on Wednesday, reaching $47.69. The company’s stock had a trading volume of 26,847 shares, compared to its average volume of 133,498. The company has a market capitalization of $1.21 billion, a P/E ratio of 10.06 and a beta of 0.24. Employers Holdings, Inc. has a 52 week low of $36.65 and a 52 week high of $48.23. The firm has a fifty day moving average of $42.92 and a two-hundred day moving average of $43.18.

Insider Buying and Selling at Employers

In other news, insider Ann Marie Smith sold 1,764 shares of the company’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $41.26, for a total value of $72,782.64. Following the completion of the sale, the insider now directly owns 6,741 shares of the company’s stock, valued at approximately $278,133.66. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.50% of the stock is owned by corporate insiders.

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.