Somewhat Positive Media Coverage Somewhat Unlikely to Affect Employers (NYSE:EIG) Share Price

Media coverage about Employers (NYSE:EIG) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Employers earned a news sentiment score of 0.15 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 46.4910726281227 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Several brokerages have recently commented on EIG. Zacks Investment Research downgraded shares of Employers from a “buy” rating to a “hold” rating in a research note on Tuesday. ValuEngine downgraded shares of Employers from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. SunTrust Banks reaffirmed a “buy” rating and set a $53.00 price objective on shares of Employers in a research note on Friday, October 27th. Finally, Buckingham Research initiated coverage on shares of Employers in a research note on Monday, September 11th. They issued an “underperform” rating and a $36.00 price target for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. Employers presently has an average rating of “Hold” and an average price target of $47.33.

Employers (NYSE EIG) traded down $0.25 during mid-day trading on Friday, reaching $44.40. 96,657 shares of the company were exchanged, compared to its average volume of 104,610. Employers has a 12 month low of $35.60 and a 12 month high of $50.45. The company has a market capitalization of $1,440.00, a P/E ratio of 13.88 and a beta of 1.13.

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

In related news, CEO Douglas D. Dirks sold 58,300 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $49.55, for a total value of $2,888,765.00. Following the sale, the chief executive officer now owns 331,145 shares in the company, valued at $16,408,234.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John P. Nelson sold 3,400 shares of the firm’s stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $44.56, for a total transaction of $151,504.00. Following the completion of the sale, the executive vice president now owns 20,377 shares in the company, valued at approximately $907,999.12. The disclosure for this sale can be found here. Insiders have sold 83,525 shares of company stock valued at $4,050,555 in the last ninety days. Insiders own 3.50% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This article was first published by Week Herald and is the sole property of of Week Herald. If you are viewing this article on another domain, it was stolen and reposted in violation of United States & international copyright and trademark law. The original version of this article can be read at https://weekherald.com/2017/12/30/employers-eig-receives-daily-news-impact-score-of-0-15.html.

Employers 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. 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.

Insider Buying and Selling by Quarter for Employers (NYSE:EIG)

Receive News & Ratings for Employers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Employers and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply