Employers Holdings Inc (NYSE:EIG) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.

According to Zacks, “Employers Holdings, Inc. is a specialty provider of workers compensation insurance focused on select small businesses engaged in low to medium hazard industries. It markets its products through independent local, regional, and national agents and brokers, as well as through its strategic partnerships and alliances and relationships with national, regional, and local trade groups and associations. Employers Holdings, Inc. is headquartered in Reno, Nevada. “

Other analysts also recently issued reports about the company. BidaskClub downgraded Employers Holdings from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 22nd. ValuEngine raised Employers Holdings from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd.

Shares of Employers Holdings (NYSE EIG) traded down 0.12% during trading on Wednesday, reaching $42.35. 52,202 shares of the company’s stock traded hands. The stock has a market cap of $1.37 billion, a P/E ratio of 13.11 and a beta of 1.09. Employers Holdings has a one year low of $28.33 and a one year high of $44.55. The company has a 50 day moving average price of $42.95 and a 200-day moving average price of $39.95.

Employers Holdings (NYSE:EIG) last announced its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.05. Employers Holdings had a return on equity of 10.25% and a net margin of 13.72%. The company had revenue of $191.10 million for the quarter, compared to analyst estimates of $194.78 million. On average, equities research analysts expect that Employers Holdings will post $2.30 EPS for the current fiscal year.

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In other news, CEO Douglas D. Dirks sold 83,890 shares of the business’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $41.93, for a total value of $3,517,507.70. Following the transaction, the chief executive officer now owns 409,535 shares of the company’s stock, valued at $17,171,802.55. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 4.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Louisiana State Employees Retirement System raised its position in shares of Employers Holdings by 1.6% in the first quarter. Louisiana State Employees Retirement System now owns 13,100 shares of the financial services provider’s stock worth $497,000 after buying an additional 200 shares in the last quarter. State of Alaska Department of Revenue increased its stake in shares of Employers Holdings by 1.1% in the first quarter. State of Alaska Department of Revenue now owns 3,550 shares of the financial services provider’s stock valued at $134,000 after buying an additional 40 shares in the last quarter. Dalton Greiner Hartman Maher & Co. increased its stake in shares of Employers Holdings by 4.5% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 617,465 shares of the financial services provider’s stock valued at $23,433,000 after buying an additional 26,600 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of Employers Holdings by 31.0% in the first quarter. Russell Investments Group Ltd. now owns 30,744 shares of the financial services provider’s stock valued at $1,166,000 after buying an additional 7,270 shares in the last quarter. Finally, Great West Life Assurance Co. Can increased its stake in shares of Employers Holdings by 7.5% in the first quarter. Great West Life Assurance Co. Can now owns 47,395 shares of the financial services provider’s stock valued at $1,796,000 after buying an additional 3,318 shares in the last quarter. 77.36% of the stock is currently owned by hedge funds and other institutional investors.

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. 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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