Press coverage about Employers (NYSE:EIG) has trended positive this week, Accern Sentiment Analysis reports. The research firm identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Employers earned a media sentiment score of 0.31 on Accern’s scale. Accern also gave media stories about the financial services provider an impact score of 45.9346208047231 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern’s analysis:
Employers (EIG) opened at $40.90 on Monday. The firm has a market cap of $1,326.41, a price-to-earnings ratio of 12.82 and a beta of 1.05. Employers has a 12-month low of $35.90 and a 12-month high of $50.45.
A number of research analysts recently weighed in on EIG shares. ValuEngine downgraded shares of Employers from a “strong-buy” rating to a “buy” rating in a research report 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 for the company in a research report on Monday, October 30th. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $53.00 target price on shares of Employers in a research report on Friday, October 27th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $46.00.
In related news, CEO Douglas D. Dirks sold 58,300 shares of the firm’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $49.55, for a total value of $2,888,765.00. Following the completion of the transaction, the chief executive officer now owns 331,145 shares of the company’s stock, valued at $16,408,234.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP John P. Nelson sold 9,825 shares of the firm’s stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $45.68, for a total transaction of $448,806.00. Following the completion of the transaction, the executive vice president now directly owns 23,802 shares of the company’s stock, valued at approximately $1,087,275.36. The disclosure for this sale can be found here. In the last ninety days, insiders sold 91,204 shares of company stock valued at $4,381,909. 3.50% of the stock is owned by insiders.
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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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