Employers Holdings Inc. (EIG) Reaches New 12-Month High at $30.95
Employers Holdings Inc. (NYSE:EIG) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $30.95 and last traded at $30.92, with a volume of 100,265 shares changing hands. The stock had previously closed at $29.90.
Separately, Zacks Investment Research raised Employers Holdings from a “hold” rating to a “strong-buy” rating and set a $34.00 price target on the stock in a research report on Monday, May 2nd.
The company has a market cap of $995.61 million and a P/E ratio of 9.87. The stock’s 50 day moving average price is $29.28 and its 200-day moving average price is $27.74.
Employers Holdings (NYSE:EIG) last released its earnings results on Wednesday, April 27th. The company reported $0.52 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.52. On average, equities research analysts expect that Employers Holdings Inc. will post $2.34 earnings per share for the current fiscal year.
In related news, CEO Douglas D. Dirks sold 5,386 shares of the company’s stock in a transaction on Friday, April 15th. The stock was sold at an average price of $28.51, for a total value of $153,554.86. Following the completion of the transaction, the chief executive officer now directly owns 301,473 shares in the company, valued at $8,594,995.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Lenard T. Ormsby sold 7,218 shares of the company’s stock in a transaction dated Friday, May 27th. The stock was sold at an average price of $30.23, for a total value of $218,200.14. Following the sale, the executive vice president now owns 26,024 shares of the company’s stock, valued at $786,705.52. The disclosure for this sale can be found here.
A number of large investors have recently made changes to their positions in the company. Bailard Inc. purchased a new stake in shares of Employers Holdings during the fourth quarter valued at approximately $1,567,000. Wells Fargo & Company MN raised its stake in shares of Employers Holdings by 9.0% in the fourth quarter. Wells Fargo & Company MN now owns 675,510 shares of the company’s stock valued at $18,442,000 after buying an additional 55,524 shares in the last quarter. Bank of Montreal Can raised its stake in shares of Employers Holdings by 45.8% in the fourth quarter. Bank of Montreal Can now owns 129,717 shares of the company’s stock valued at $3,540,000 after buying an additional 40,730 shares in the last quarter. Aviance Capital Partners LLC raised its stake in shares of Employers Holdings by 13.9% in the fourth quarter. Aviance Capital Partners LLC now owns 55,989 shares of the company’s stock valued at $1,529,000 after buying an additional 6,816 shares in the last quarter. Finally, Opus Capital Group LLC purchased a new stake in shares of Employers Holdings during the fourth quarter valued at approximately $4,658,000.
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. The Company 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.