Employers Holdings, Inc. (NYSE:EIG) EVP Lenard T. Ormsby sold 2,904 shares of the stock in a transaction on Tuesday, October 16th. The shares were sold at an average price of $43.00, for a total value of $124,872.00. Following the sale, the executive vice president now owns 19,777 shares in the company, valued at approximately $850,411. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Employers stock traded down $0.56 during midday trading on Friday, hitting $46.76. The stock had a trading volume of 106,260 shares, compared to its average volume of 145,874. Employers Holdings, Inc. has a 12 month low of $38.35 and a 12 month high of $50.45. The firm has a market cap of $1.56 billion, a P/E ratio of 16.18 and a beta of 0.90.
Employers (NYSE:EIG) last issued its earnings results on Wednesday, October 24th. The financial services provider reported $0.98 EPS for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.41. The company had revenue of $228.90 million during the quarter, compared to the consensus estimate of $205.48 million. Employers had a return on equity of 13.43% and a net margin of 17.89%. On average, equities analysts anticipate that Employers Holdings, Inc. will post 3.49 EPS for the current year.
A number of research analysts recently weighed in on EIG shares. Boenning Scattergood raised Employers from a “neutral” rating to an “outperform” rating and set a $47.00 price objective on the stock in a research report on Thursday, October 25th. Zacks Investment Research lowered Employers from a “buy” rating to a “hold” rating in a research report on Tuesday, September 25th.
Large investors have recently made changes to their positions in the stock. Rhumbline Advisers raised its holdings in Employers by 1.6% during the second quarter. Rhumbline Advisers now owns 91,007 shares of the financial services provider’s stock worth $3,658,000 after purchasing an additional 1,449 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of Employers by 6.0% in the second quarter. Legal & General Group Plc now owns 70,781 shares of the financial services provider’s stock valued at $2,855,000 after buying an additional 4,000 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in shares of Employers by 39.4% in the third quarter. State of Alaska Department of Revenue now owns 14,937 shares of the financial services provider’s stock valued at $676,000 after buying an additional 4,221 shares in the last quarter. IndexIQ Advisors LLC increased its holdings in shares of Employers by 8.8% in the second quarter. IndexIQ Advisors LLC now owns 54,077 shares of the financial services provider’s stock valued at $2,174,000 after buying an additional 4,371 shares in the last quarter. Finally, New York State Common Retirement Fund increased its holdings in shares of Employers by 30.0% in the first quarter. New York State Common Retirement Fund now owns 54,710 shares of the financial services provider’s stock valued at $2,213,000 after buying an additional 12,620 shares in the last quarter. 79.08% of the stock is currently owned by hedge funds and other institutional investors.
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Employers Holdings, Inc, through its subsidiaries, operates in the commercial property and casualty insurance industry primarily in the United States. It offers workers' compensation insurance to small businesses in low to medium hazard industries. The company markets its products through independent local, regional, and national agents and brokers; and alternative distribution channels comprising its partners, as well as through national, regional, and local trade groups and associations.
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