Employers Holdings, Inc. (EIG) Stock Price Up 1.2%
Employers Holdings, Inc. (NYSE:EIG) rose 1.2% during trading on Wednesday . The stock traded as high as $30.52 and last traded at $30.35, with a volume of 69,470 shares. The stock had previously closed at $30.00.
Separately, Zacks Investment Research lowered Employers Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, June 28th.
The company has a 50 day moving average of $29.43 and a 200-day moving average of $28.88. The stock has a market capitalization of $993.90 million and a P/E ratio of 10.18.
Employers Holdings (NYSE:EIG) last issued 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 had revenue of $201.80 million for the quarter, compared to analysts’ expectations of $197.92 million. Equities research analysts anticipate that Employers Holdings, Inc. will post $2.12 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 24th. Shareholders of record on Wednesday, August 10th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend was Monday, August 8th.
In other Employers Holdings news, EVP Richard P. Hallman sold 16,588 shares of the firm’s 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 transaction, the executive vice president now owns 30,342 shares of the company’s stock, valued at $840,776.82. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Stephen V. Festa sold 9,647 shares of the firm’s stock in a transaction dated Wednesday, July 27th. The stock was sold at an average price of $32.00, for a total value of $308,704.00. Following the transaction, the chief operating officer now directly owns 48,669 shares in the company, valued at approximately $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.
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.