Employers Holdings, Inc. (EIG) EVP Sells $115,893.54 in Stock

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.

A number of brokerages recently weighed in on EIG. Zacks Investment Research cut Employers from a “buy” rating to a “hold” rating in a report on Monday, September 25th. ValuEngine cut Employers from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. Finally, SunTrust Banks reissued a “buy” rating and set a $53.00 price objective on shares of Employers in a report on Friday, October 27th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $47.33.

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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About Employers

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.

Insider Buying and Selling by Quarter for Employers (NYSE:EIG)

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