Employers Holdings, Inc. (NYSE:EIG) EVP Lenard T. Ormsby sold 4,000 shares of the stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $46.62, for a total transaction of $186,480.00. Following the completion of the sale, the executive vice president now directly owns 23,681 shares of the company’s stock, valued at approximately $1,104,008.22. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Employers stock traded down $0.66 during mid-day trading on Friday, reaching $42.67. 92,595 shares of the company’s stock were exchanged, compared to its average volume of 125,347. The firm has a market cap of $1.48 billion, a PE ratio of 14.76 and a beta of 1.00. Employers Holdings, Inc. has a twelve month low of $38.35 and a twelve month high of $50.45.
Employers (NYSE:EIG) last released its earnings results on Wednesday, July 25th. The financial services provider reported $0.94 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.38. The company had revenue of $204.10 million for the quarter, compared to analyst estimates of $203.79 million. Employers had a net margin of 15.10% and a return on equity of 12.51%. Analysts predict that Employers Holdings, Inc. will post 3.04 EPS for the current year.
A number of research firms recently weighed in on EIG. Zacks Investment Research cut shares of Employers from a “buy” rating to a “hold” rating in a research report on Tuesday, September 25th. Boenning Scattergood began coverage on shares of Employers in a research report on Tuesday, June 19th. They set a “neutral” rating for the company.
Employers Company Profile
Employers Holdings, Inc, through its subsidiaries, operates in the commercial property and casualty insurance industry primarily in the United States. It offers workers' compensation insurance to small businesses in low to medium hazard industries. The company markets its products through independent local, regional, and national agents and brokers; and alternative distribution channels comprising its partners, as well as through national, regional, and local trade groups and associations.
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