Employers Holdings Inc (NYSE:EIG) EVP Lenard T. Ormsby sold 1,381 shares of the firm’s stock in a transaction on Thursday, April 5th. The shares were sold at an average price of $42.00, for a total transaction of $58,002.00. Following the transaction, the executive vice president now directly owns 21,062 shares of the company’s stock, valued at approximately $884,604. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
EIG opened at $40.55 on Tuesday. Employers Holdings Inc has a twelve month low of $36.50 and a twelve month high of $50.45. The firm has a market cap of $1,337.67, a PE ratio of 14.03 and a beta of 1.00.
Employers (NYSE:EIG) last posted its quarterly earnings data on Wednesday, February 21st. The financial services provider reported $1.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.50. Employers had a net margin of 12.67% and a return on equity of 10.51%. The company had revenue of $200.70 million during the quarter, compared to analysts’ expectations of $200.31 million. During the same period in the prior year, the company posted $0.95 earnings per share. research analysts anticipate that Employers Holdings Inc will post 2.25 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 21st. Stockholders of record on Wednesday, March 7th were given a dividend of $0.20 per share. The ex-dividend date was Tuesday, March 6th. This is a boost from Employers’s previous quarterly dividend of $0.15. This represents a $0.80 annualized dividend and a dividend yield of 1.97%. Employers’s dividend payout ratio is 27.68%.
Several institutional investors and hedge funds have recently bought and sold shares of EIG. New York State Common Retirement Fund increased its position in shares of Employers by 4.2% during the third quarter. New York State Common Retirement Fund now owns 42,090 shares of the financial services provider’s stock worth $1,913,000 after buying an additional 1,700 shares during the period. Russell Investments Group Ltd. increased its position in shares of Employers by 40.9% during the third quarter. Russell Investments Group Ltd. now owns 54,133 shares of the financial services provider’s stock worth $2,461,000 after buying an additional 15,715 shares during the period. American International Group Inc. increased its position in shares of Employers by 5.8% during the third quarter. American International Group Inc. now owns 25,259 shares of the financial services provider’s stock worth $1,148,000 after buying an additional 1,382 shares during the period. Legal & General Group Plc increased its position in shares of Employers by 3.5% during the third quarter. Legal & General Group Plc now owns 64,595 shares of the financial services provider’s stock worth $2,936,000 after buying an additional 2,207 shares during the period. Finally, Wells Fargo & Company MN increased its position in shares of Employers by 35.2% during the third quarter. Wells Fargo & Company MN now owns 48,627 shares of the financial services provider’s stock worth $2,211,000 after buying an additional 12,673 shares during the period. Institutional investors own 79.59% of the company’s stock.
Several research firms have recently issued reports on EIG. ValuEngine raised shares of Employers from a “hold” rating to a “buy” rating in a research note on Saturday, February 3rd. Zacks Investment Research downgraded shares of Employers from a “strong-buy” rating to a “sell” rating in a research note on Tuesday, February 27th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $46.00.
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Employers Holdings, Inc, through its subsidiaries, operates in the commercial property and casualty insurance industry primarily in the United States. It offers workers' compensation insurance to small businesses in low to medium hazard industries. The company 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.
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