Employers Holdings, Inc. (NYSE:EIG) CEO Douglas D. Dirks sold 58,300 shares of the business’s stock in a transaction 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 completion of the sale, the chief executive officer now owns 331,145 shares in the company, valued at approximately $16,408,234.75. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Shares of Employers Holdings, Inc. (EIG) opened at $48.70 on Friday. The stock has a market capitalization of $1,589.10, a price-to-earnings ratio of 17.69 and a beta of 1.14. Employers Holdings, Inc. has a 1-year low of $34.88 and a 1-year high of $50.45.
Employers (NYSE:EIG) last released its earnings results on Wednesday, October 25th. The financial services provider reported $0.65 EPS for the quarter, topping 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 analysts’ expectations of $193.04 million. analysts expect that Employers Holdings, Inc. will post 2.39 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Investors 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 yield of 1.23%. Employers’s payout ratio is 18.81%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in EIG. Teachers Advisors LLC grew its stake in Employers by 342.9% during the 2nd quarter. Teachers Advisors LLC now owns 243,804 shares of the financial services provider’s stock worth $10,313,000 after purchasing an additional 188,754 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Employers by 3.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,442,581 shares of the financial services provider’s stock worth $103,322,000 after purchasing an additional 91,595 shares in the last quarter. State Street Corp grew its stake in Employers by 11.8% during the 2nd quarter. State Street Corp now owns 857,434 shares of the financial services provider’s stock worth $36,267,000 after purchasing an additional 90,172 shares in the last quarter. Vanguard Group Inc. grew its stake in Employers by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 2,878,592 shares of the financial services provider’s stock worth $121,764,000 after purchasing an additional 80,745 shares in the last quarter. Finally, Westwood Holdings Group Inc. grew its stake in Employers by 20.7% during the 2nd quarter. Westwood Holdings Group Inc. now owns 433,061 shares of the financial services provider’s stock worth $18,319,000 after purchasing an additional 74,415 shares in the last quarter. 77.42% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts recently issued reports on the company. Buckingham Research assumed coverage on Employers in a report on Monday, September 11th. They issued an “underperform” rating and a $36.00 price objective on the stock. Zacks Investment Research downgraded Employers from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th. Finally, ValuEngine downgraded Employers from a “strong-buy” rating to a “buy” rating in a report on Friday. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $47.33.
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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.
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