Allianz Asset Management GmbH Acquires 21,972 Shares of Employers Holdings Inc $EIG

Allianz Asset Management GmbH increased its holdings in shares of Employers Holdings Inc (NYSE:EIG) by 144.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 37,217 shares of the financial services provider’s stock after purchasing an additional 21,972 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.16% of Employers worth $1,581,000 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 the business. Osaic Holdings Inc. lifted its position in Employers by 133.5% during the 2nd quarter. Osaic Holdings Inc. now owns 635 shares of the financial services provider’s stock worth $30,000 after buying an additional 363 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in shares of Employers in the second quarter valued at about $39,000. Versant Capital Management Inc raised its holdings in Employers by 230.2% during the third quarter. Versant Capital Management Inc now owns 1,981 shares of the financial services provider’s stock worth $84,000 after acquiring an additional 1,381 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in Employers by 179.6% during the second quarter. Tower Research Capital LLC TRC now owns 2,276 shares of the financial services provider’s stock worth $107,000 after acquiring an additional 1,462 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its position in Employers by 26.8% during the second quarter. BNP Paribas Financial Markets now owns 2,718 shares of the financial services provider’s stock valued at $128,000 after purchasing an additional 575 shares during the last quarter. 80.49% of the stock is currently owned by institutional investors and hedge funds.

Employers Stock Performance

NYSE:EIG opened at $42.89 on Friday. Employers Holdings Inc has a 52 week low of $35.73 and a 52 week high of $52.28. The firm’s 50-day simple moving average is $43.44 and its 200 day simple moving average is $42.04. The firm has a market cap of $964.05 million, a price-to-earnings ratio of 16.95 and a beta of 0.57.

Wall Street Analyst Weigh In

EIG has been the topic of several recent analyst reports. Zacks Research raised Employers from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 30th. Weiss Ratings reissued a “hold (c-)” rating on shares of Employers in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold”.

About Employers

Employers Holdings, Inc (NYSE: EIG) is a publicly traded property and casualty insurance holding company headquartered in Des Moines, Iowa. Through its subsidiaries, Employers Mutual Casualty Company and Employers Preferred Insurance Company, the firm specializes in providing workers’ compensation coverage alongside an array of commercial insurance products. Its service offerings include general liability, commercial auto, businessowners policies and umbrella coverages, tailored to meet the risk-management needs of small and mid-sized businesses across multiple industries.

The company markets its insurance solutions primarily through a network of independent agencies and brokers, leveraging local market expertise to underwrite policies that address the unique exposures faced by clients in manufacturing, construction, healthcare, retail and service sectors.