Employers Holdings Inc. (EIG) Sees Large Volume Increase
Shares of Employers Holdings Inc. (NYSE:EIG) saw strong trading volume on Friday . 221,321 shares traded hands during trading, an increase of 16% from the previous session’s volume of 190,334 shares.The stock last traded at $29.03 and had previously closed at $29.00.
Separately, Zacks Investment Research lowered shares of Employers Holdings from a “hold” rating to a “strong sell” rating in a research note on Monday, August 1st.
The firm’s 50-day moving average price is $29.50 and its 200 day moving average price is $28.69. The company has a market cap of $948.81 million and a PE ratio of 9.72.
Employers Holdings (NYSE:EIG) last posted its earnings results on Wednesday, July 27th. The company reported $0.57 EPS for the quarter, hitting analysts’ consensus estimates of $0.57. The company earned $201.80 million during the quarter, compared to the consensus estimate of $197.92 million. On average, equities research analysts expect that Employers Holdings Inc. will post $2.12 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, August 24th. Stockholders of record on Wednesday, August 10th were issued a $0.09 dividend. The ex-dividend date was Monday, August 8th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.23%.
In other news, COO Stephen V. Festa sold 9,647 shares of the stock in a transaction dated Wednesday, July 27th. The shares were sold at an average price of $32.00, for a total value of $308,704.00. Following the completion of the transaction, the chief operating officer now owns 48,669 shares of the company’s stock, valued at $1,557,408. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Richard P. Hallman sold 16,588 shares of the stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $27.71, for a total transaction of $459,653.48. Following the completion of the transaction, the executive vice president now directly owns 30,342 shares of the company’s stock, valued at approximately $840,776.82. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Employers Holdings stock. California Public Employees Retirement System increased its position in Employers Holdings Inc. (NYSE:EIG) by 1.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 109,200 shares of the company’s stock after buying an additional 1,100 shares during the period. California Public Employees Retirement System owned approximately 0.34% of Employers Holdings worth $2,981,000 at the end of the most recent reporting period.
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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