Employers Holdings Inc. (EIG) Sees Strong Trading Volume
Employers Holdings Inc. (NYSE:EIG) shares saw unusually-high trading volume on Friday . Approximately 221,321 shares were traded 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 cut Employers Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, June 28th.
The firm has a 50 day moving average price of $29.50 and a 200-day moving average price of $28.69. The company has a market capitalization of $948.81 million and a P/E ratio of 9.72.
Employers Holdings (NYSE:EIG) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.57 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.57. The business earned $201.80 million during the quarter, compared to analyst estimates of $197.92 million. Equities analysts predict that Employers Holdings Inc. will post $2.12 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 24th. Investors of record on Wednesday, August 10th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend was Monday, August 8th.
In related news, EVP Lenard T. Ormsby sold 16,482 shares of the business’s stock in a transaction dated Wednesday, June 1st. The stock was 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 in the company, valued at $1,064,638.96. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Richard P. Hallman sold 16,588 shares of the business’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $27.71, for a total value of $459,653.48. Following the completion of the transaction, the executive vice president now owns 30,342 shares in the company, valued at approximately $840,776.82. The disclosure for this sale can be found here.
An institutional investor recently raised its position in Employers Holdings stock. California Public Employees Retirement System raised its stake in Employers Holdings Inc. (NYSE:EIG) by 1.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm 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 about 0.34% of Employers Holdings worth $2,981,000 as of its most recent SEC filing.
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.