Employers Holdings, Inc. (EIG) EVP John P. Nelson Sells 12,000 Shares

Employers Holdings, Inc. (NYSE:EIG) EVP John P. Nelson sold 12,000 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $46.79, for a total transaction of $561,480.00. Following the completion of the sale, the executive vice president now owns 25,977 shares in the company, valued at approximately $1,215,463.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Shares of Employers Holdings, Inc. (EIG) traded down $0.90 during trading hours on Wednesday, hitting $46.25. 63,800 shares of the company’s stock traded hands, compared to its average volume of 101,725. Employers Holdings, Inc. has a 12 month low of $35.60 and a 12 month high of $50.45. The firm has a market capitalization of $1,529.10, a price-to-earnings ratio of 17.02 and a beta of 1.13.

Employers (NYSE:EIG) last posted its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.65 EPS for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.08. Employers had a net margin of 13.32% and a return on equity of 10.39%. The business had revenue of $210.50 million for the quarter, compared to analyst estimates of $193.04 million. analysts anticipate that Employers Holdings, Inc. will post 2.39 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Wednesday, November 8th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, November 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.30%. Employers’s dividend payout ratio is presently 18.81%.

Several equities research analysts have commented on EIG shares. Zacks Investment Research lowered shares of Employers from a “buy” rating to a “hold” rating in a research note on Friday, September 8th. SunTrust Banks restated a “buy” rating and issued a $53.00 price target on shares of Employers in a research note on Friday, October 27th. Finally, ValuEngine lowered shares of Employers from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $47.33.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Riverhead Capital Management LLC increased its stake in shares of Employers by 64.5% during the second quarter. Riverhead Capital Management LLC now owns 2,797 shares of the financial services provider’s stock valued at $118,000 after acquiring an additional 1,097 shares during the period. Ifrah Financial Services Inc. bought a new stake in Employers during the second quarter worth approximately $205,000. First Allied Advisory Services Inc. bought a new stake in Employers during the second quarter worth approximately $215,000. Stifel Financial Corp bought a new stake in Employers during the second quarter worth approximately $214,000. Finally, Victory Capital Management Inc. boosted its holdings in Employers by 14.7% during the second quarter. Victory Capital Management Inc. now owns 6,618 shares of the financial services provider’s stock worth $280,000 after buying an additional 850 shares in the last quarter. Institutional investors and hedge funds own 77.37% of the company’s stock.

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Employers Company Profile

Employers Holdings, Inc is a holding company. Through its insurance subsidiaries, the Company provides workers’ compensation insurance coverage to select, small businesses in low to medium hazard industries. It provides workers’ compensation insurance under a statutory system wherein employers are required to provide coverage for their employees’ medical, disability, vocational rehabilitation, and/or death benefit costs for work-related injuries or illnesses.

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