Employers Holdings Inc. (NYSE:EIG) EVP Ann W. Nelson sold 1,142 shares of the firm’s stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $30.00, for a total value of $34,260.00. Following the completion of the sale, the executive vice president now directly owns 43,344 shares in the company, valued at approximately $1,300,320. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Shares of Employers Holdings Inc. (NYSE:EIG) opened at 30.22 on Monday. Employers Holdings Inc. has a one year low of $21.67 and a one year high of $32.03. The firm has a 50 day moving average price of $29.80 and a 200-day moving average price of $29.29. The firm has a market cap of $980.28 million, a P/E ratio of 10.04 and a beta of 1.21.
Employers Holdings (NYSE:EIG) last announced its earnings results on Wednesday, July 27th. The company reported $0.57 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.57. Employers Holdings had a return on equity of 11.05% and a net margin of 12.66%. The firm had revenue of $201.80 million for the quarter, compared to the consensus estimate of $197.92 million. Analysts forecast that Employers Holdings Inc. will post $2.11 earnings per share for the current year.
Separately, Zacks Investment Research raised Employers Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, September 27th.
Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Employers Holdings by 2.6% in the second quarter. Vanguard Group Inc. now owns 2,476,069 shares of the company’s stock worth $71,855,000 after buying an additional 62,435 shares during the last quarter. BlackRock Fund Advisors boosted its stake in Employers Holdings by 0.7% in the second quarter. BlackRock Fund Advisors now owns 1,986,688 shares of the company’s stock worth $57,654,000 after buying an additional 13,198 shares during the period. Dimensional Fund Advisors LP boosted its stake in Employers Holdings by 11.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,910,861 shares of the company’s stock worth $55,452,000 after buying an additional 199,112 shares during the period. FMR LLC boosted its stake in Employers Holdings by 46.3% in the second quarter. FMR LLC now owns 1,336,207 shares of the company’s stock worth $38,777,000 after buying an additional 422,614 shares during the period. Finally, State Street Corp boosted its stake in Employers Holdings by 1.7% in the second quarter. State Street Corp now owns 650,240 shares of the company’s stock worth $18,869,000 after buying an additional 10,628 shares during the period. Hedge funds and other institutional investors own 78.25% of the company’s stock.
Employers Holdings Company Profile
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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