Employers Holdings Inc (NYSE:EIG) EVP Lenard T. Ormsby sold 4,619 shares of the business’s stock in a transaction on Monday, April 16th. The shares were sold at an average price of $42.00, for a total value of $193,998.00. Following the completion of the sale, the executive vice president now owns 24,300 shares of the company’s stock, valued at $1,020,600. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
EIG traded up $0.15 during trading on Thursday, hitting $41.70. The stock had a trading volume of 4,265 shares, compared to its average volume of 144,118. The company has a market capitalization of $1,363.83, a PE ratio of 14.48 and a beta of 1.00. Employers Holdings Inc has a one year low of $37.95 and a one year high of $50.45.
Employers (NYSE:EIG) last released its quarterly earnings results on Wednesday, February 21st. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.50. The business had revenue of $200.70 million during the quarter, compared to the consensus estimate of $200.31 million. Employers had a return on equity of 10.51% and a net margin of 12.67%. During the same period in the previous year, the company posted $0.95 EPS. sell-side analysts predict that Employers Holdings Inc will post 2.25 EPS for the current year.
Several analysts recently issued reports on the company. ValuEngine upgraded Employers from a “hold” rating to a “buy” rating in a research note on Saturday, February 3rd. Zacks Investment Research downgraded Employers from a “strong-buy” rating to a “sell” rating in a research note on Tuesday, February 27th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $46.00.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. MetLife Investment Advisors LLC acquired a new position in Employers in the 4th quarter valued at $657,000. Westwood Holdings Group Inc. raised its holdings in Employers by 12.4% in the 4th quarter. Westwood Holdings Group Inc. now owns 566,716 shares of the financial services provider’s stock valued at $25,162,000 after acquiring an additional 62,577 shares in the last quarter. Millennium Management LLC raised its holdings in Employers by 401.2% in the 4th quarter. Millennium Management LLC now owns 205,708 shares of the financial services provider’s stock valued at $9,133,000 after acquiring an additional 164,665 shares in the last quarter. Teachers Advisors LLC raised its holdings in Employers by 5.7% in the 4th quarter. Teachers Advisors LLC now owns 257,072 shares of the financial services provider’s stock valued at $11,414,000 after acquiring an additional 13,776 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in Employers by 36.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 113,800 shares of the financial services provider’s stock valued at $5,053,000 after acquiring an additional 30,141 shares in the last quarter. 79.59% of the stock is owned by hedge funds and other institutional investors.
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Employers Company Profile
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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