Employers Holdings Inc. (NYSE:EIG) posted its earnings results on Wednesday. The company reported $0.57 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.57. The company had revenue of $201.80 million for the quarter, compared to the consensus estimate of $197.92 million.
In related news, EVP Lenard T. Ormsby sold 7,218 shares of the company’s stock in a transaction on Friday, May 27th. The shares were sold at an average price of $30.23, for a total value of $218,200.14. Following the completion of the transaction, the executive vice president now directly owns 26,024 shares of the company’s stock, valued at approximately $786,705.52. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Ann W. Nelson sold 10,002 shares of the company’s stock in a transaction on Monday, May 2nd. The stock was sold at an average price of $30.00, for a total transaction of $300,060.00. Following the completion of the transaction, the executive vice president now directly owns 52,204 shares of the company’s stock, valued at $1,566,120. The disclosure for this sale can be found here.
Separately, Zacks Investment Research upgraded Employers Holdings from a “hold” rating to a “strong-buy” rating and set a $34.00 target price on the stock in a report on Monday, May 2nd.
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.
