Employers Holdings Inc. (EIG) EVP Sells $613,740.00 in Stock
Employers Holdings Inc. (NYSE:EIG) EVP Ann W. Nelson sold 20,458 shares of the firm’s stock in a transaction on Wednesday, October 5th. The stock was sold at an average price of $30.00, for a total value of $613,740.00. Following the completion of the transaction, the executive vice president now directly owns 62,660 shares of the company’s stock, valued at $1,879,800. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Employers Holdings Inc. (NYSE:EIG) opened at 30.22 on Friday. The company has a 50-day moving average price of $29.80 and a 200 day moving average price of $29.29. Employers Holdings Inc. has a 12 month low of $21.67 and a 12 month high of $32.03. The company has a market capitalization of $980.28 million, a PE ratio of 10.04 and a beta of 1.21.
Employers Holdings (NYSE:EIG) last released its earnings results on Wednesday, July 27th. The company reported $0.57 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.57. The firm earned $201.80 million during the quarter, compared to the consensus estimate of $197.92 million. Employers Holdings had a return on equity of 11.05% and a net margin of 12.66%. On average, equities research analysts forecast that Employers Holdings Inc. will post $2.11 EPS for the current fiscal year.
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Separately, Zacks Investment Research raised Employers Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, September 27th.
Hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC bought a new stake in Employers Holdings during the first quarter worth $918,000. A.R.T. Advisors LLC increased its stake in Employers Holdings by 10.8% in the first quarter. A.R.T. Advisors LLC now owns 28,809 shares of the company’s stock worth $810,000 after buying an additional 2,800 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in Employers Holdings during the first quarter worth $954,000. Renaissance Technologies LLC increased its stake in Employers Holdings by 51.6% in the first quarter. Renaissance Technologies LLC now owns 402,200 shares of the company’s stock worth $11,318,000 after buying an additional 136,928 shares during the last quarter. Finally, Bogle Investment Management L P DE increased its stake in Employers Holdings by 36.2% in the first quarter. Bogle Investment Management L P DE now owns 107,811 shares of the company’s stock worth $3,033,000 after buying an additional 28,665 shares during the last quarter. Hedge funds and other institutional investors own 78.25% of the company’s stock.
Employers Holdings 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. The Company 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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