Employers Holdings, Inc. (NYSE:EIG) EVP John P. Nelson sold 3,400 shares of the stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $44.56, for a total transaction of $151,504.00. Following the transaction, the executive vice president now owns 20,377 shares of the company’s stock, valued at approximately $907,999.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Employers Holdings, Inc. (EIG) opened at $43.20 on Friday. Employers Holdings, Inc. has a 12-month low of $35.60 and a 12-month high of $50.45. The company has a market cap of $1,400.00, a PE ratio of 13.50 and a beta of 1.14.
Employers (NYSE:EIG) last released its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.08. The business had revenue of $210.50 million for the quarter, compared to analysts’ expectations of $193.04 million. Employers had a net margin of 13.32% and a return on equity of 10.39%. analysts anticipate that Employers Holdings, Inc. will post 2.39 earnings per share for the current year.
Several equities research analysts have recently weighed in on EIG shares. ValuEngine downgraded shares of Employers from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Zacks Investment Research raised shares of Employers from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a research note on Monday, October 30th. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $53.00 price target on shares of Employers in a research note on Friday, October 27th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $47.33.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in Employers by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 2,878,592 shares of the financial services provider’s stock valued at $121,764,000 after acquiring an additional 80,745 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Employers by 1.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,469,965 shares of the financial services provider’s stock valued at $112,260,000 after purchasing an additional 27,384 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Employers by 1.4% during the 2nd quarter. Northern Trust Corp now owns 1,119,917 shares of the financial services provider’s stock valued at $47,372,000 after purchasing an additional 15,825 shares in the last quarter. State Street Corp increased its holdings in shares of Employers by 11.8% during the 2nd quarter. State Street Corp now owns 857,434 shares of the financial services provider’s stock valued at $36,267,000 after purchasing an additional 90,172 shares in the last quarter. Finally, Dalton Greiner Hartman Maher & Co. increased its holdings in shares of Employers by 6.2% during the 4th quarter. Dalton Greiner Hartman Maher & Co. now owns 664,071 shares of the financial services provider’s stock valued at $29,485,000 after purchasing an additional 38,910 shares in the last quarter. Institutional investors and hedge funds own 77.37% of the company’s stock.
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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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