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.
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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