Employers Holdings Inc (NYSE:EIG) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

According to Zacks, “Employers Holdings, Inc. is a specialty provider of workers compensation insurance focused on select small businesses engaged in low to medium hazard industries. It markets its products through independent local, regional, and national agents and brokers, as well as through its strategic partnerships and alliances and relationships with national, regional, and local trade groups and associations. Employers Holdings, Inc. is headquartered in Reno, Nevada. “

A number of other research analysts have also recently weighed in on the stock. ValuEngine raised shares of Employers Holdings from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. BidaskClub cut shares of Employers Holdings from a “buy” rating to a “hold” rating in a research note on Monday, July 31st.

Employers Holdings (EIG) traded down 0.12% during midday trading on Wednesday, reaching $42.35. The company’s stock had a trading volume of 52,202 shares. The company’s 50-day moving average is $42.95 and its 200 day moving average is $39.95. Employers Holdings has a 52 week low of $28.33 and a 52 week high of $44.55. The firm has a market capitalization of $1.37 billion, a P/E ratio of 13.11 and a beta of 1.09.

Employers Holdings (NYSE:EIG) last posted its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.05. Employers Holdings had a net margin of 13.72% and a return on equity of 10.25%. The company had revenue of $191.10 million during the quarter, compared to the consensus estimate of $194.78 million. Analysts expect that Employers Holdings will post $2.30 earnings per share for the current fiscal year.

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In other news, CEO Douglas D. Dirks sold 83,890 shares of the firm’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $41.93, for a total transaction of $3,517,507.70. Following the completion of the transaction, the chief executive officer now directly owns 409,535 shares of the company’s stock, valued at approximately $17,171,802.55. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 4.00% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio boosted its position in shares of Employers Holdings by 21.0% in the second quarter. Public Employees Retirement System of Ohio now owns 70,838 shares of the financial services provider’s stock worth $2,996,000 after buying an additional 12,286 shares during the period. Piedmont Investment Advisors LLC purchased a new stake in Employers Holdings during the second quarter valued at approximately $295,000. Sterling Capital Management LLC boosted its stake in Employers Holdings by 8.6% in the second quarter. Sterling Capital Management LLC now owns 33,377 shares of the financial services provider’s stock valued at $1,412,000 after buying an additional 2,655 shares during the last quarter. Westwood Holdings Group Inc. boosted its stake in Employers Holdings by 20.7% in 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 last quarter. Finally, Susquehanna International Group LLP purchased a new stake in Employers Holdings during the second quarter valued at approximately $393,000. 77.36% of the stock is owned by institutional investors and hedge funds.

Employers Holdings 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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