Employers Holdings, Inc. (EIG) EVP Sells $129,000.00 in Stock

Employers Holdings, Inc. (NYSE:EIG) EVP John P. Nelson sold 3,000 shares of the company’s stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $43.00, for a total transaction of $129,000.00. Following the completion of the sale, the executive vice president now directly owns 16,977 shares in the company, valued at $730,011. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Shares of Employers Holdings, Inc. (NYSE EIG) opened at $43.65 on Thursday. The stock has a market cap of $1,388.03, a price-to-earnings ratio of 13.68 and a beta of 1.14. Employers Holdings, Inc. has a twelve month low of $35.60 and a twelve month high of $50.45.

Employers (NYSE:EIG) last posted its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.08. The firm had revenue of $210.50 million for the quarter, compared to analysts’ expectations of $193.04 million. Employers had a net margin of 13.32% and a return on equity of 10.39%. research analysts predict that Employers Holdings, Inc. will post 2.39 EPS for the current fiscal year.

Several research firms recently issued reports on EIG. Zacks Investment Research cut shares of Employers from a “buy” rating to a “hold” rating in a report on Monday, September 25th. SunTrust Banks reaffirmed a “buy” rating and issued a $53.00 price target on shares of Employers in a report on Friday, October 27th. Finally, ValuEngine cut shares of Employers from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $47.33.

Several large investors have recently modified their holdings of EIG. Riverhead Capital Management LLC raised its holdings in shares of Employers by 64.5% during the second quarter. Riverhead Capital Management LLC now owns 2,797 shares of the financial services provider’s stock worth $118,000 after purchasing an additional 1,097 shares during the period. Stifel Financial Corp acquired a new stake in shares of Employers during the second quarter worth $214,000. First Allied Advisory Services Inc. acquired a new stake in shares of Employers during the second quarter worth $215,000. Victory Capital Management Inc. raised its holdings in shares of Employers by 14.7% during the second quarter. Victory Capital Management Inc. now owns 6,618 shares of the financial services provider’s stock worth $280,000 after purchasing an additional 850 shares during the period. Finally, Piedmont Investment Advisors LLC acquired a new stake in shares of Employers during the second quarter worth $295,000. 77.37% of the stock is currently owned by institutional investors.

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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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