Ann W. Nelson Sells 20,458 Shares of Employers Holdings Inc. (EIG) Stock
Employers Holdings Inc. (NYSE:EIG) EVP Ann W. Nelson sold 20,458 shares of the stock in a transaction dated Wednesday, October 5th. The stock was sold at an average price of $30.00, for a total transaction of $613,740.00. Following the completion of the sale, the executive vice president now directly owns 62,660 shares in the company, valued at $1,879,800. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of Employers Holdings Inc. (NYSE:EIG) opened at 30.22 on Friday. Employers Holdings Inc. has a 52-week low of $21.67 and a 52-week high of $32.03. The company has a 50-day moving average of $29.80 and a 200-day moving average of $29.29. The stock has a market capitalization of $980.28 million, a price-to-earnings ratio of 10.04 and a beta of 1.21.
Employers Holdings (NYSE:EIG) last released its earnings results on Wednesday, July 27th. The company reported $0.57 EPS for the quarter, hitting analysts’ consensus estimates of $0.57. The business earned $201.80 million during the quarter, compared to analysts’ expectations of $197.92 million. Employers Holdings had a net margin of 12.66% and a return on equity of 11.05%. Equities research analysts anticipate that Employers Holdings Inc. will post $2.11 EPS for the current year.
Separately, Zacks Investment Research lowered shares of Employers Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, June 28th.
Hedge funds have recently added to or reduced their stakes in the company. Barclays PLC bought a new stake in Employers Holdings during the first quarter worth approximately $918,000. A.R.T. Advisors LLC boosted its stake in Employers Holdings by 10.8% in the first quarter. A.R.T. Advisors LLC now owns 28,809 shares of the company’s stock worth $810,000 after buying an additional 2,800 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in Employers Holdings during the first quarter worth approximately $954,000. Renaissance Technologies LLC boosted its stake in Employers Holdings by 51.6% in the first quarter. Renaissance Technologies LLC now owns 402,200 shares of the company’s stock worth $11,318,000 after buying an additional 136,928 shares in the last quarter. Finally, Bogle Investment Management L P DE boosted its stake in Employers Holdings by 36.2% in the first quarter. Bogle Investment Management L P DE now owns 107,811 shares of the company’s stock worth $3,033,000 after buying an additional 28,665 shares in the last quarter. 78.25% of the stock is owned by institutional investors and hedge funds.
Employers Holdings 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. The Company 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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