Employers (NYSE:EIG) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Employers Holdings Inc (NYSE:EIG)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $43.78 and traded as high as $49.87. Employers shares last traded at $49.84, with a volume of 209,828 shares.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on EIG shares. Weiss Ratings raised shares of Employers from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, June 26th. Zacks Research downgraded Employers from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st. Finally, Wall Street Zen raised shares of Employers from a “sell” rating to a “hold” rating in a research note on Saturday, June 13th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Employers Stock Up 2.4%

The stock has a market capitalization of $909.08 million, a PE ratio of 151.03 and a beta of 0.46. The business has a 50 day moving average of $46.47 and a two-hundred day moving average of $43.78. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.40 and a current ratio of 0.40.

Employers (NYSE:EIG) last issued its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.02). The firm had revenue of $207.60 million during the quarter, compared to analysts’ expectations of $213.04 million. Employers had a return on equity of 1.10% and a net margin of 0.95%.The firm’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.87 EPS. Analysts predict that Employers Holdings Inc will post 2.15 EPS for the current year.

Employers Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Wednesday, May 13th were issued a $0.34 dividend. This is a boost from Employers’s previous quarterly dividend of $0.32. This represents a $1.36 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Wednesday, May 13th. Employers’s dividend payout ratio is 412.12%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC increased its position in shares of Employers by 73.1% in the 2nd quarter. GAMMA Investing LLC now owns 4,628 shares of the financial services provider’s stock valued at $234,000 after acquiring an additional 1,955 shares during the period. Bank of America Corp DE raised its position in Employers by 109.4% during the first quarter. Bank of America Corp DE now owns 57,725 shares of the financial services provider’s stock valued at $2,375,000 after acquiring an additional 30,154 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of Employers by 8.5% in the 1st quarter. Empowered Funds LLC now owns 101,322 shares of the financial services provider’s stock valued at $4,168,000 after purchasing an additional 7,928 shares during the period. Quantinno Capital Management LP increased its holdings in Employers by 35.3% in the first quarter. Quantinno Capital Management LP now owns 17,670 shares of the financial services provider’s stock valued at $727,000 after buying an additional 4,607 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its holdings in Employers by 15.1% in the 1st quarter. Public Employees Retirement System of Ohio now owns 26,313 shares of the financial services provider’s stock worth $1,083,000 after purchasing an additional 3,453 shares during the period. Institutional investors and hedge funds own 80.49% of the company’s stock.

Employers Company Profile

Employers Holdings, Inc (NYSE: EIG) is a publicly traded property and casualty insurance holding company headquartered in Des Moines, Iowa. Through its subsidiaries, Employers Mutual Casualty Company and Employers Preferred Insurance Company, the firm specializes in providing workers’ compensation coverage alongside an array of commercial insurance products. Its service offerings include general liability, commercial auto, businessowners policies and umbrella coverages, tailored to meet the risk-management needs of small and mid-sized businesses across multiple industries.

The company markets its insurance solutions primarily through a network of independent agencies and brokers, leveraging local market expertise to underwrite policies that address the unique exposures faced by clients in manufacturing, construction, healthcare, retail and service sectors.