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

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 analysts also recently weighed in on EIG. BidaskClub downgraded shares of Employers Holdings from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. ValuEngine raised shares of Employers Holdings from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd.

Employers Holdings (NYSE EIG) traded up 0.71% on Friday, reaching $42.45. 47,281 shares of the company traded hands. Employers Holdings has a one year low of $28.75 and a one year high of $44.55. The stock has a market capitalization of $1.38 billion, a PE ratio of 13.14 and a beta of 1.09. The firm has a 50 day moving average of $42.69 and a 200-day moving average of $40.39.

Employers Holdings (NYSE:EIG) last released its earnings results on Wednesday, July 26th. The financial services provider reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.05. The business had revenue of $191.10 million during the quarter, compared to the consensus estimate of $194.78 million. Employers Holdings had a net margin of 13.72% and a return on equity of 10.25%. On average, analysts anticipate that Employers Holdings will post $2.30 EPS for the current 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 sale, the chief executive officer now owns 409,535 shares of the company’s stock, valued at approximately $17,171,802.55. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 4.00% of the company’s stock.

Several hedge funds have recently made changes to their positions in EIG. State of Alaska Department of Revenue increased its stake in shares of Employers Holdings by 1.1% in the first quarter. State of Alaska Department of Revenue now owns 3,550 shares of the financial services provider’s stock valued at $134,000 after buying an additional 40 shares during the period. Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of Employers Holdings by 0.3% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 29,354 shares of the financial services provider’s stock valued at $1,242,000 after buying an additional 80 shares during the period. Louisiana State Employees Retirement System increased its stake in shares of Employers Holdings by 1.6% in the first quarter. Louisiana State Employees Retirement System now owns 13,100 shares of the financial services provider’s stock valued at $497,000 after buying an additional 200 shares during the period. Legal & General Group Plc increased its stake in shares of Employers Holdings by 0.4% in the first quarter. Legal & General Group Plc now owns 57,379 shares of the financial services provider’s stock valued at $2,177,000 after buying an additional 225 shares during the period. Finally, Texas Permanent School Fund increased its stake in shares of Employers Holdings by 1.3% in the second quarter. Texas Permanent School Fund now owns 23,566 shares of the financial services provider’s stock valued at $997,000 after buying an additional 292 shares during the period. 77.36% of the stock is owned by institutional investors.

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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