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.
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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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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