Employers Holdings Inc (NYSE:EIG) Sees Large Growth in Short Interest

Employers Holdings Inc (NYSE:EIG) was the recipient of a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 843,290 shares, an increase of 40.7% from the December 31st total of 599,286 shares. Based on an average daily volume of 334,009 shares, the short-interest ratio is presently 2.5 days. Currently, 3.8% of the company’s shares are short sold. Currently, 3.8% of the company’s shares are short sold. Based on an average daily volume of 334,009 shares, the short-interest ratio is presently 2.5 days.

Institutional Investors Weigh In On Employers

Institutional investors and hedge funds have recently modified their holdings of the company. Qube Research & Technologies Ltd increased its position in shares of Employers by 93.1% in the second quarter. Qube Research & Technologies Ltd now owns 264,078 shares of the financial services provider’s stock valued at $12,459,000 after buying an additional 127,330 shares in the last quarter. Bridgeway Capital Management LLC lifted its holdings in Employers by 326.5% during the third quarter. Bridgeway Capital Management LLC now owns 141,611 shares of the financial services provider’s stock valued at $6,016,000 after purchasing an additional 108,411 shares in the last quarter. UBS Group AG lifted its holdings in Employers by 125.0% in the 3rd quarter. UBS Group AG now owns 181,341 shares of the financial services provider’s stock valued at $7,703,000 after purchasing an additional 100,751 shares in the last quarter. Norges Bank purchased a new position in Employers in the 2nd quarter valued at $3,859,000. Finally, Two Sigma Investments LP grew its holdings in shares of Employers by 62.4% during the third quarter. Two Sigma Investments LP now owns 181,591 shares of the financial services provider’s stock worth $7,714,000 after buying an additional 69,741 shares in the last quarter. Institutional investors and hedge funds own 80.49% of the company’s stock.

Employers Trading Up 2.1%

Shares of EIG stock opened at $44.56 on Tuesday. Employers has a 12-month low of $35.73 and a 12-month high of $52.28. The business’s fifty day simple moving average is $42.70 and its 200-day simple moving average is $42.07. The company has a market cap of $1.00 billion, a PE ratio of 17.61 and a beta of 0.57.

Analysts Set New Price Targets

Several analysts recently weighed in on EIG shares. Weiss Ratings restated a “hold (c-)” rating on shares of Employers in a report on Monday, December 29th. Zacks Research upgraded shares of Employers from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 30th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Employers has a consensus 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.