Insider Buying: Valerie R. Glenn Acquires 1,300 Shares of Employers Holdings Stock (EIG)
Employers Holdings (NYSE:EIG) Director Valerie R. Glenn bought 1,300 shares of Employers Holdings stock on the open market in a transaction that occurred on Monday, February 24th. The shares were purchased at an average cost of $19.80 per share, for a total transaction of $25,740.00. Following the acquisition, the director now directly owns 20,713 shares in the company, valued at approximately $410,117. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.
EIG has been the subject of a number of recent research reports. Analysts at JPMorgan Chase & Co. downgraded shares of Employers Holdings from a “market perform” rating to an “underperform” rating in a research note on Thursday, February 20th. Separately, analysts at JMP Securities downgraded shares of Employers Holdings from a “market perform” rating to an “underperform” rating in a research note on Thursday, February 20th. Finally, analysts at EVA Dimensions LLC upgraded shares of Employers Holdings from an “underweight” rating to a “buy” rating in a research note on Wednesday, February 19th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $36.85.
Employers Holdings (NYSE:EIG) traded down 0.88% on Tuesday, hitting $19.15. The stock had a trading volume of 324,460 shares. Employers Holdings has a one year low of $19.24 and a one year high of $32.90. The stock’s 50-day moving average is $25.04 and its 200-day moving average is $28.72. The company has a market cap of $599.6 million and a P/E ratio of 9.66.
Employers Holdings (NYSE:EIG) last posted its quarterly earnings results on Friday, February 28th. The company reported ($0.03) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.27 by $0.30. The company had revenue of $192.36 million for the quarter, compared to the consensus estimate of $183.23 million. Analysts expect that Employers Holdings will post $1.22 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend is Monday, March 3rd.
Employers Holdings, Inc (NYSE:EIG) is a holding company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.