Employers Holdings Inc. (EIG) Trading Up 1.6%
Employers Holdings Inc. (NYSE:EIG) was up 1.6% on Tuesday . The company traded as high as $28.22 and last traded at $28.10, with a volume of 111,045 shares trading hands. The stock had previously closed at $27.67.
Separately, Zacks Investment Research downgraded shares of Employers Holdings from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 19th.
The stock has a 50-day moving average of $29.61 and a 200-day moving average of $28.16. The company has a market capitalization of $904.05 million and a PE ratio of 9.26.
Employers Holdings (NYSE:EIG) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.57 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.57. The firm earned $201.80 million during the quarter, compared to analysts’ expectations of $197.92 million. On average, equities research analysts expect that Employers Holdings Inc. will post $2.20 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 24th. Stockholders of record on Wednesday, August 10th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.29%. The ex-dividend date is Monday, August 8th.
In related news, COO Stephen V. Festa sold 6,000 shares of Employers Holdings stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $29.90, for a total transaction of $179,400.00. Following the completion of the transaction, the chief operating officer now directly owns 45,022 shares in the company, valued at $1,346,157.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Lenard T. Ormsby sold 16,482 shares of Employers Holdings stock in a transaction that occurred on Wednesday, June 1st. The shares were sold at an average price of $30.17, for a total value of $497,261.94. Following the transaction, the executive vice president now owns 35,288 shares of the company’s stock, valued at $1,064,638.96. The disclosure for this sale can be found here.
A number of hedge funds and institutional investors recently made changes to their positions in EIG. 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 valued at $2,002,000 after buying an additional 2,055 shares in 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 valued at $2,981,000 after buying an additional 1,100 shares in the last quarter. Bank of Montreal Can boosted its position 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. Bailard Inc. bought a new position in shares of Employers Holdings during the fourth quarter valued at $1,567,000. Finally, Wells Fargo & Company MN boosted its position 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.
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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