Employers Holdings, Inc. (NYSE:EIG) EVP John P. Nelson sold 2,679 shares of the firm’s stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $43.26, for a total value of $115,893.54. Following the transaction, the executive vice president now directly owns 16,977 shares in the company, valued at $734,425.02. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of Employers Holdings, Inc. (NYSE:EIG) traded up $0.80 during midday trading on Friday, hitting $43.75. The company had a trading volume of 135,950 shares, compared to its average volume of 98,554. The stock has a market cap of $1,415.60, a PE ratio of 13.71 and a beta of 1.14. Employers Holdings, Inc. has a 52 week low of $35.60 and a 52 week high of $50.45.
Employers (NYSE:EIG) last announced its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.65 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.08. The company had revenue of $210.50 million for the quarter, compared to analysts’ expectations of $193.04 million. Employers had a return on equity of 10.39% and a net margin of 13.32%. equities analysts forecast that Employers Holdings, Inc. will post 2.39 EPS for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in EIG. Riverhead Capital Management LLC raised its holdings in shares of Employers by 64.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,797 shares of the financial services provider’s stock valued at $118,000 after buying an additional 1,097 shares in the last quarter. Stifel Financial Corp purchased a new position in Employers in the 2nd quarter worth approximately $214,000. First Allied Advisory Services Inc. purchased a new position in Employers in the 2nd quarter worth approximately $215,000. Victory Capital Management Inc. increased its stake in Employers by 14.7% in the 2nd quarter. Victory Capital Management Inc. now owns 6,618 shares of the financial services provider’s stock worth $280,000 after purchasing an additional 850 shares during the period. Finally, Piedmont Investment Advisors LLC purchased a new position in Employers in the 2nd quarter worth approximately $295,000. 77.37% of the stock is currently owned by institutional investors.
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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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