John P. Nelson Sells 9,825 Shares of Employers Holdings, Inc. (EIG) Stock

Employers Holdings, Inc. (NYSE:EIG) EVP John P. Nelson sold 9,825 shares of the stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $45.68, for a total value of $448,806.00. Following the sale, the executive vice president now owns 23,802 shares of the company’s stock, valued at approximately $1,087,275.36. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Employers Holdings, Inc. (EIG) opened at $44.90 on Friday. The stock has a market capitalization of $1,465.86, a price-to-earnings ratio of 16.32 and a beta of 1.13. Employers Holdings, Inc. has a 52 week low of $35.60 and a 52 week high of $50.45.

Employers (NYSE:EIG) last issued its earnings results on Wednesday, October 25th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.08. The company had revenue of $210.50 million during the quarter, compared to analyst estimates of $193.04 million. Employers had a return on equity of 10.39% and a net margin of 13.32%. analysts forecast that Employers Holdings, Inc. will post 2.39 earnings per share for the current year.

Several brokerages have recently commented on EIG. Zacks Investment Research upgraded Employers from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a report on Wednesday, August 30th. ValuEngine lowered Employers from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Buckingham Research initiated coverage on Employers in a research note on Monday, September 11th. They issued an “underperform” rating and a $36.00 target price for the company. Finally, SunTrust Banks restated a “buy” rating and issued a $53.00 target price on shares of Employers in a research note on Friday, October 27th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $47.33.

Hedge funds have recently modified their holdings of the stock. Piedmont Investment Advisors LLC purchased a new position in shares of Employers during the 2nd quarter valued at about $295,000. Royal Bank of Canada raised its stake in shares of Employers by 84.3% during the 2nd quarter. Royal Bank of Canada now owns 18,801 shares of the financial services provider’s stock valued at $794,000 after buying an additional 8,602 shares during the last quarter. Prudential Financial Inc. raised its stake in shares of Employers by 12.6% during the 2nd quarter. Prudential Financial Inc. now owns 402,566 shares of the financial services provider’s stock valued at $17,028,000 after buying an additional 45,088 shares during the last quarter. California Public Employees Retirement System raised its stake in shares of Employers by 4.1% during the 2nd quarter. California Public Employees Retirement System now owns 69,200 shares of the financial services provider’s stock valued at $2,927,000 after buying an additional 2,700 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its stake in shares of Employers by 21.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 70,838 shares of the financial services provider’s stock valued at $2,996,000 after buying an additional 12,286 shares during the last quarter. Institutional investors own 77.37% of the company’s stock.

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About Employers

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. It 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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