Employers (NYSE:EIG) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Shares of Employers Holdings Inc (NYSE:EIG) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $43.78 and traded as high as $49.87. Employers shares last traded at $49.84, with a volume of 209,828 shares changing hands.

Analyst Ratings Changes

A number of brokerages recently issued reports on EIG. Weiss Ratings upgraded shares of Employers from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, June 26th. Wall Street Zen upgraded Employers from a “sell” rating to a “hold” rating in a report on Saturday, June 13th. Finally, Zacks Research cut Employers from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Employers currently has an average rating of “Hold”.

Employers Price Performance

The firm has a market cap of $917.51 million, a P/E ratio of 152.43 and a beta of 0.46. The stock’s 50-day moving average is $46.63 and its 200-day moving average is $43.83. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.14.

Employers (NYSE:EIG) last issued its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.02). The company had revenue of $207.60 million during the quarter, compared to the consensus estimate of $213.04 million. Employers had a net margin of 0.95% and a return on equity of 1.10%. Employers’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period last year, the company earned $0.87 earnings per share. As a group, equities analysts anticipate that Employers Holdings Inc will post 2.15 EPS for the current fiscal year.

Employers Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were paid a $0.34 dividend. The ex-dividend date was Wednesday, May 13th. This is a boost from Employers’s previous quarterly dividend of $0.32. This represents a $1.36 annualized dividend and a dividend yield of 2.7%. Employers’s dividend payout ratio is 412.12%.

Institutional Investors Weigh In On Employers

A number of institutional investors have recently added to or reduced their stakes in EIG. Azarias Capital Management L.P. acquired a new position in shares of Employers in the 4th quarter worth approximately $2,983,000. Legato Capital Management LLC boosted its stake in Employers by 230.7% in the 4th quarter. Legato Capital Management LLC now owns 34,479 shares of the financial services provider’s stock valued at $1,488,000 after buying an additional 24,053 shares in the last quarter. Intech Investment Management LLC boosted its stake in Employers by 719.3% in the 4th quarter. Intech Investment Management LLC now owns 95,115 shares of the financial services provider’s stock valued at $4,106,000 after buying an additional 83,506 shares in the last quarter. Teacher Retirement System of Texas grew its position in Employers by 24.4% in the fourth quarter. Teacher Retirement System of Texas now owns 139,159 shares of the financial services provider’s stock valued at $6,007,000 after acquiring an additional 27,299 shares during the period. Finally, WINTON GROUP Ltd bought a new stake in Employers in the fourth quarter valued at $1,606,000. 80.49% of the stock is owned by institutional investors and hedge funds.

About Employers

Employers Holdings, Inc (NYSE: EIG) is a publicly traded property and casualty insurance holding company headquartered in Des Moines, Iowa. Through its subsidiaries, Employers Mutual Casualty Company and Employers Preferred Insurance Company, the firm specializes in providing workers’ compensation coverage alongside an array of commercial insurance products. Its service offerings include general liability, commercial auto, businessowners policies and umbrella coverages, tailored to meet the risk-management needs of small and mid-sized businesses across multiple industries.

The company markets its insurance solutions primarily through a network of independent agencies and brokers, leveraging local market expertise to underwrite policies that address the unique exposures faced by clients in manufacturing, construction, healthcare, retail and service sectors.