Here is What Hedge Funds Think About Employers Holdings, Inc. (EIG)

Due to the fact that Employers Holdings, Inc. (NYSE:EIG) has gone through a decline in interest from the entirety of the hedge funds we track, we can see that there lies a certain “tier” of hedgies that slashed their positions entirely heading into Q4. It’s worth mentioning that Robert B. Gillam’s McKinley Capital Management cashed in the largest position of the “upper crust” of funds studied by Insider Monkey, totaling an estimated $3.4 million in stock. Glenn Russell Dubin’s fund, Highbridge Capital Management, also dropped its stock, about $0.5 million worth.

Let’s now take a look at hedge fund activity in other stocks similar to Employers Holdings, Inc. (NYSE:EIG). These stocks are Meritor Inc (NYSE:MTOR), Monmouth R.E. Inv. Corp. (NYSE:MNR), Genomic Health, Inc. (NASDAQ:GHDX), and Rush Enterprises, Inc. (NASDAQ:RUSHB). This group of stocks’ market valuations match EIG’s market valuation.

As you can see these stocks had an average of 13 hedge funds with bullish positions and the average amount invested in these stocks was $214 million. That figure was $39 million in EIG’s case. Meritor Inc (NYSE:MTOR) is the most popular stock in this table. On the other hand Rush Enterprises, Inc. (NASDAQ:RUSHB) is the least popular one with only 4 bullish hedge fund positions. Employers Holdings, Inc. (NYSE:EIG) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard MTOR might be a better candidate to consider taking a long position in.

Disclosure: None