Employers Holdings Inc. (EIG) Trading 1.2% Higher
Shares of Employers Holdings Inc. (NYSE:EIG) traded up 1.2% during mid-day trading on Wednesday . The stock traded as high as $30.52 and last traded at $30.35, with a volume of 69,470 shares changing hands. The stock had previously closed at $30.00.
Separately, Zacks Investment Research lowered shares of Employers Holdings from a “hold” rating to a “strong sell” rating in a research report on Monday, August 1st.
The stock’s 50 day moving average is $29.48 and its 200 day moving average is $28.86. The firm has a market capitalization of $988.39 million and a P/E ratio of 10.13.
Employers Holdings (NYSE:EIG) last issued its earnings results on Wednesday, July 27th. The company reported $0.57 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.57. The business had revenue of $201.80 million for the quarter, compared to the consensus estimate of $197.92 million. Equities research analysts predict that Employers Holdings Inc. will post $2.12 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, August 24th. Shareholders of record on Wednesday, August 10th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.20%. The ex-dividend date of this dividend was Monday, August 8th.
In other Employers Holdings news, COO Stephen V. Festa sold 5,700 shares of the stock in a transaction dated Wednesday, July 13th. The shares were sold at an average price of $31.00, for a total transaction of $176,700.00. Following the completion of the sale, the chief operating officer now directly owns 44,722 shares of the company’s stock, valued at $1,386,382. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction of $308,704.00. Following the sale, the chief operating officer now directly owns 48,669 shares of the company’s stock, valued at $1,557,408. The disclosure for this sale can be found here.
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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