Employers (EIG) Upgraded by ValuEngine to “Buy”

Employers (NYSE:EIG) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

A number of other analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Employers from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th. SunTrust Banks restated a “buy” rating and set a $53.00 target price on shares of Employers in a research note on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. Employers has an average rating of “Hold” and a consensus price target of $46.00.

Employers (EIG) traded down $0.05 during mid-day trading on Friday, hitting $43.00. 78,522 shares of the company were exchanged, compared to its average volume of 104,606. Employers has a 12-month low of $35.60 and a 12-month high of $50.45. The stock has a market capitalization of $1,390.00, a price-to-earnings ratio of 13.44 and a beta of 1.05.

In other Employers news, CEO Douglas D. Dirks sold 58,300 shares of the stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $49.55, for a total value of $2,888,765.00. Following the transaction, the chief executive officer now directly owns 331,145 shares in the company, valued at $16,408,234.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John P. Nelson sold 2,000 shares of the stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $43.23, for a total transaction of $86,460.00. Following the completion of the transaction, the executive vice president now owns 28,672 shares in the company, valued at $1,239,490.56. The disclosure for this sale can be found here. Insiders have sold 91,204 shares of company stock worth $4,381,909 over the last 90 days. Insiders own 3.50% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. First Allied Advisory Services Inc. purchased a new position in Employers in the second quarter valued at approximately $215,000. Stifel Financial Corp purchased a new position in Employers in the second quarter valued at approximately $214,000. Unison Advisors LLC purchased a new position in Employers in the fourth quarter valued at approximately $305,000. Piedmont Investment Advisors LLC purchased a new position in Employers in the second quarter valued at approximately $295,000. Finally, Crossmark Global Holdings Inc. purchased a new position in Employers in the third quarter valued at approximately $374,000. Institutional investors own 77.36% of the company’s stock.

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Employers 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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