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.
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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