Atwood & Palmer Has Lowered Fifth Third Bancorp (FITB) Position By $804,789; Employers Holdings (EIG)’s Sentiment Is 1.15

January 14, 2018 - By Michael Collier

Employers Holdings, Inc., through its subsidiaries, operates in the commercial property and casualty insurance industry primarily in the United States. The company has market cap of $1.40 billion. It offers workers' compensation insurance to small businesses in low to medium hazard industries. It has a 13.5 P/E ratio. The firm markets its products through independent local, regional, and national agents and brokers; and alternative distribution channels comprising its partners, as well as through national, regional, and local trade groups and associations.

Atwood & Palmer Inc decreased Fifth Third Bancorp (FITB) stake by 4.4% reported in 2017Q3 SEC filing. Atwood & Palmer Inc sold 29,807 shares as Fifth Third Bancorp (FITB)’s stock declined 12.20%. The Atwood & Palmer Inc holds 647,383 shares with $18.11 million value, down from 677,190 last quarter. Fifth Third Bancorp now has $22.83 billion valuation. The stock increased 1.54% or $0.49 during the last trading session, reaching $32.35. About 4.35 million shares traded. Fifth Third Bancorp (NASDAQ:FITB) has risen 33.30% since January 14, 2017 and is uptrending. It has outperformed by 16.60% the S&P500.

Since January 1, 0001, it had 0 insider buys, and 1 sale for $561,420 activity.

Philadelphia Financial Management Of San Francisco Llc holds 3.57% of its portfolio in Employers Holdings, Inc. for 446,454 shares. Dalton Greiner Hartman Maher & Co owns 625,161 shares or 1.59% of their US portfolio. Moreover, Opus Capital Group Llc has 0.94% invested in the company for 90,551 shares. The Florida-based Aviance Capital Partners Llc has invested 0.69% in the stock. Alphamark Advisors Llc, a Kentucky-based fund reported 23,564 shares.

It closed at $43.2 lastly. It is down 35.79% since January 14, 2017 and is uptrending. It has outperformed by 19.09% the S&P500.

Analysts await Employers Holdings, Inc. (NYSE:EIG) to report earnings on February, 28. They expect $0.56 earnings per share, down 41.05% or $0.39 from last year’s $0.95 per share. EIG’s profit will be $18.16 million for 19.29 P/E if the $0.56 EPS becomes a reality. After $0.65 actual earnings per share reported by Employers Holdings, Inc. for the previous quarter, Wall Street now forecasts -13.85% negative EPS growth.

Among 33 analysts covering Fifth Third (NASDAQ:FITB), 6 have Buy rating, 3 Sell and 24 Hold. Therefore 18% are positive. Fifth Third had 94 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of Fifth Third Bancorp (NASDAQ:FITB) earned “Hold” rating by Keefe Bruyette & Woods on Tuesday, December 12. The rating was maintained by Piper Jaffray on Tuesday, October 24 with “Hold”. The stock of Fifth Third Bancorp (NASDAQ:FITB) earned “Hold” rating by Keefe Bruyette & Woods on Wednesday, August 23. UBS downgraded the stock to “Sell” rating in Wednesday, January 11 report. The firm has “Outperform” rating given on Wednesday, October 21 by RBC Capital Markets. Sandler O’Neill downgraded the stock to “Hold” rating in Monday, January 4 report. The firm earned “Outperform” rating on Monday, May 16 by Wood. The stock has “Hold” rating by Oppenheimer on Friday, July 21. The company was downgraded on Friday, October 7 by Jefferies. BMO Capital Markets maintained it with “Hold” rating and $33.0 target in Monday, December 18 report.

Since August 18, 2017, it had 0 buys, and 2 sales for $616,440 activity. Forrest Frank R. had sold 7,004 shares worth $183,540 on Friday, August 18. 15,000 shares valued at $432,900 were sold by Spence Timothy on Thursday, October 26.

Analysts await Fifth Third Bancorp (NASDAQ:FITB) to report earnings on January, 23 before the open. They expect $0.48 EPS, 0.00% or $0.00 from last year’s $0.48 per share. FITB’s profit will be $338.69M for 16.85 P/E if the $0.48 EPS becomes a reality. After $0.48 actual EPS reported by Fifth Third Bancorp for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Investors sentiment decreased to 0.65 in Q3 2017. Its down 0.16, from 0.81 in 2017Q2. It is negative, as 45 investors sold FITB shares while 234 reduced holdings. 48 funds opened positions while 134 raised stakes. 575.67 million shares or 0.33% more from 573.75 million shares in 2017Q2 were reported. Schwab Charles Mgmt holds 2.51 million shares or 0.06% of its portfolio. Regentatlantic Limited Liability invested in 7,327 shares or 0.02% of the stock. Pitcairn accumulated 20,230 shares. Lsv Asset Mngmt has invested 0.44% in Fifth Third Bancorp (NASDAQ:FITB). Veritable L P, Pennsylvania-based fund reported 20,088 shares. 159,894 are owned by Brandes Invest Ltd Partnership. State Of Alaska Department Of Revenue holds 0.11% or 76,003 shares in its portfolio. 1St Source Financial Bank reported 0.03% in Fifth Third Bancorp (NASDAQ:FITB). Atwood Palmer holds 647,383 shares or 2.62% of its portfolio. Mitchell Mcleod Pugh Williams reported 8,500 shares. First Manhattan reported 3,160 shares. Tiemann Ltd Liability Corp stated it has 12,817 shares or 0.3% of all its holdings. Dimensional Fund Advsrs LP holds 0.11% in Fifth Third Bancorp (NASDAQ:FITB) or 9.12M shares. Shoker Investment Counsel has 12,417 shares for 0.26% of their portfolio. Etrade Cap Mngmt Limited Liability Corporation holds 18,334 shares or 0.02% of its portfolio.

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