Employers Holdings, Inc. (NYSE:EIG) EVP John P. Nelson sold 12,000 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $46.79, for a total value of $561,480.00. Following the completion of the sale, the executive vice president now owns 25,977 shares of the company’s stock, valued at approximately $1,215,463.83. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Shares of Employers Holdings, Inc. (NYSE:EIG) opened at $45.15 on Thursday. Employers Holdings, Inc. has a 12-month low of $35.60 and a 12-month high of $50.45. The firm has a market capitalization of $1,499.92, a P/E ratio of 16.70 and a beta of 1.13.

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

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 8th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, November 7th. This represents a $0.60 annualized dividend and a dividend yield of 1.33%. Employers’s dividend payout ratio (DPR) is presently 18.81%.

A number of analysts recently weighed in on the company. ValuEngine downgraded Employers from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Zacks Investment Research upgraded Employers from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research report on Monday, October 30th. SunTrust Banks reiterated a “buy” rating and issued a $53.00 price objective on shares of Employers in a research report on Friday, October 27th. Finally, Buckingham Research started coverage on Employers in a research report on Monday, September 11th. They issued an “underperform” rating and a $36.00 price objective for the company. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. Employers currently has an average rating of “Hold” and a consensus target price of $47.33.

Several institutional investors and hedge funds have recently bought and sold shares of EIG. Teachers Advisors LLC increased its stake in shares of Employers by 342.9% during the second quarter. Teachers Advisors LLC now owns 243,804 shares of the financial services provider’s stock valued at $10,313,000 after buying an additional 188,754 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Employers by 3.9% during the second quarter. Dimensional Fund Advisors LP now owns 2,442,581 shares of the financial services provider’s stock valued at $103,322,000 after buying an additional 91,595 shares during the period. State Street Corp increased its stake in shares of Employers by 11.8% during the second quarter. State Street Corp now owns 857,434 shares of the financial services provider’s stock valued at $36,267,000 after buying an additional 90,172 shares during the period. Vanguard Group Inc. increased its stake in shares of Employers by 2.9% during the second quarter. Vanguard Group Inc. now owns 2,878,592 shares of the financial services provider’s stock valued at $121,764,000 after buying an additional 80,745 shares during the period. Finally, Westwood Holdings Group Inc. increased its stake in shares of Employers by 20.7% during the second quarter. Westwood Holdings Group Inc. now owns 433,061 shares of the financial services provider’s stock valued at $18,319,000 after buying an additional 74,415 shares during the period. 77.37% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: “John P. Nelson Sells 12,000 Shares of Employers Holdings, Inc. (EIG) Stock” was first posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this story on another site, it was copied illegally and reposted in violation of international copyright and trademark laws. The correct version of this story can be viewed at https://www.thecerbatgem.com/2017/12/21/john-p-nelson-sells-12000-shares-of-employers-holdings-inc-eig-stock.html.

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.

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.