Employers Holdings, Inc. (NYSE:EIG) EVP John P. Nelson sold 2,679 shares of the firm’s stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $43.26, for a total transaction of $115,893.54. Following the sale, the executive vice president now directly owns 16,977 shares in the company, valued at approximately $734,425.02. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of Employers Holdings, Inc. (NYSE EIG) opened at $43.75 on Friday. Employers Holdings, Inc. has a one year low of $35.60 and a one year high of $50.45. The stock has a market cap of $1,418.86, a price-to-earnings ratio of 15.79 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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.08. Employers had a net margin of 13.32% and a return on equity of 10.39%. The firm had revenue of $210.50 million for the quarter, compared to analysts’ expectations of $193.04 million. research analysts anticipate that Employers Holdings, Inc. will post 2.39 earnings per share for the current year.
A number of institutional investors have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. grew its stake in Employers by 2.3% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 232,707 shares of the financial services provider’s stock valued at $10,333,000 after acquiring an additional 5,242 shares during the period. Dalton Greiner Hartman Maher & Co. grew its stake in Employers by 6.2% in 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 acquiring an additional 38,910 shares during the period. California Public Employees Retirement System grew its stake in Employers by 8.5% in the 3rd quarter. California Public Employees Retirement System now owns 75,097 shares of the financial services provider’s stock valued at $3,413,000 after acquiring an additional 5,897 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in Employers in the 3rd quarter valued at $399,000. Finally, Allianz Asset Management GmbH grew its stake in Employers by 10.8% in the 3rd quarter. Allianz Asset Management GmbH now owns 39,960 shares of the financial services provider’s stock valued at $1,817,000 after acquiring an additional 3,883 shares during the period. 77.37% of the stock is currently owned by hedge funds and other institutional investors.
EIG has been the topic of a number of analyst reports. Zacks Investment Research cut shares of Employers from a “buy” rating to a “hold” rating in a research note on Monday, September 25th. SunTrust Banks reaffirmed a “buy” rating and set a $53.00 price objective on shares of Employers in a research note on Friday, October 27th. Finally, ValuEngine cut 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, two have given a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $47.33.
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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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