Employers Holdings Inc. (NYSE:EIG)’s share price dropped 7.5% on Thursday . The stock traded as low as $29.19 and last traded at $29.56, with a volume of 305,004 shares. The stock had previously closed at $31.97.

Separately, Zacks Investment Research cut shares of Employers Holdings from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 19th.

The company’s 50-day moving average is $29.71 and its 200-day moving average is $28.07. The company has a market cap of $961.88 million and a price-to-earnings ratio of 9.54.

Employers Holdings (NYSE:EIG) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.57 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.57. The company earned $201.80 million during the quarter, compared to analyst estimates of $197.92 million. On average, equities analysts predict that Employers Holdings Inc. will post $2.33 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 24th. Investors of record on Wednesday, August 10th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date is Monday, August 8th.

In related news, EVP Ann W. Nelson sold 10,002 shares of the firm’s stock in a transaction that occurred on Monday, May 2nd. The shares were sold at an average price of $30.00, for a total value of $300,060.00. Following the completion of the sale, the executive vice president now owns 52,204 shares of the company’s stock, valued at $1,566,120. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Lenard T. Ormsby sold 16,482 shares of the firm’s stock in a transaction that occurred on Wednesday, June 1st. The shares were sold at an average price of $30.17, for a total transaction of $497,261.94. Following the completion of the sale, the executive vice president now directly owns 35,288 shares of the company’s stock, valued at approximately $1,064,638.96. The disclosure for this sale can be found here.

A number of institutional investors have made changes to their positions in EIG. Bailard Inc. acquired a new position in shares of Employers Holdings during the fourth quarter worth about $1,567,000. California State Teachers Retirement System boosted its position in shares of Employers Holdings by 1.9% in the fourth quarter. California State Teachers Retirement System now owns 59,147 shares of the company’s stock worth $1,615,000 after buying an additional 1,100 shares during the last quarter. Rhumbline Advisers boosted its position in shares of Employers Holdings by 2.9% in the fourth quarter. Rhumbline Advisers now owns 73,336 shares of the company’s stock worth $2,002,000 after buying an additional 2,055 shares during the last quarter. California Public Employees Retirement System boosted its position in shares of Employers Holdings by 1.0% in the fourth quarter. California Public Employees Retirement System now owns 109,200 shares of the company’s stock worth $2,981,000 after buying an additional 1,100 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in shares of Employers Holdings by 19.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 110,435 shares of the company’s stock worth $3,015,000 after buying an additional 18,270 shares during the last quarter.

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.

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