Stephen V. Festa Sells 6,500 Shares of Employers Holdings Inc. (EIG) Stock
Employers Holdings Inc. (NYSE:EIG) COO Stephen V. Festa sold 6,500 shares of the business’s stock in a transaction dated Friday, November 18th. The stock was sold at an average price of $35.00, for a total value of $227,500.00. Following the completion of the sale, the chief operating officer now directly owns 18,961 shares of the company’s stock, valued at approximately $663,635. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Employers Holdings Inc. (NYSE:EIG) opened at 35.95 on Wednesday. The company’s 50 day moving average price is $31.45 and its 200 day moving average price is $30.04. Employers Holdings Inc. has a 52-week low of $22.58 and a 52-week high of $36.10. The firm has a market cap of $1.15 billion, a PE ratio of 12.07 and a beta of 0.91.
Employers Holdings (NYSE:EIG) last announced its quarterly earnings data on Wednesday, October 26th. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.59 by $0.02. Employers Holdings had a net margin of 12.53% and a return on equity of 10.40%. Analysts predict that Employers Holdings Inc. will post $2.09 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 23rd. Shareholders of record on Wednesday, November 9th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Monday, November 7th. This represents a $0.36 annualized dividend and a yield of 1.00%. Employers Holdings’s dividend payout ratio is currently 12.16%.
Separately, Zacks Investment Research raised Employers Holdings from a “hold” rating to a “strong-buy” rating and set a $35.00 price objective for the company in a research report on Tuesday, November 1st.
Several hedge funds have recently bought and sold shares of EIG. Victory Capital Management Inc. boosted its stake in Employers Holdings by 42.5% in the second quarter. Victory Capital Management Inc. now owns 3,758 shares of the company’s stock worth $109,000 after buying an additional 1,120 shares during the last quarter. PineBridge Investments L.P. boosted its stake in Employers Holdings by 4.5% in the second quarter. PineBridge Investments L.P. now owns 4,114 shares of the company’s stock worth $119,000 after buying an additional 178 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in Employers Holdings by 13.7% in the second quarter. Teacher Retirement System of Texas now owns 4,479 shares of the company’s stock worth $130,000 after buying an additional 538 shares during the last quarter. Sei Investments Co. boosted its stake in Employers Holdings by 47.7% in the second quarter. Sei Investments Co. now owns 4,996 shares of the company’s stock worth $145,000 after buying an additional 1,614 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in Employers Holdings during the third quarter worth $146,000. 77.26% of the stock is currently owned by hedge funds and other institutional investors.
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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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