Employers (NYSE:EIG) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Employers Holdings Inc (NYSE:EIG)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $42.33 and traded as high as $45.99. Employers shares last traded at $45.62, with a volume of 339,800 shares traded.

Wall Street Analyst Weigh In

EIG has been the topic of several recent research reports. Zacks Research upgraded Employers from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 30th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Employers in a research report on Monday, December 29th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold”.

Employers Stock Down 0.4%

The stock has a market cap of $1.03 billion, a PE ratio of 18.03 and a beta of 0.58. The company has a fifty day moving average price of $41.56 and a 200 day moving average price of $42.30.

Employers (NYSE:EIG) last announced its quarterly earnings data on Thursday, October 30th. The financial services provider reported ($1.10) earnings per share for the quarter, missing the consensus estimate of $0.61 by ($1.71). Employers had a net margin of 6.91% and a return on equity of 3.38%. The company had revenue of $239.30 million during the quarter, compared to the consensus estimate of $216.60 million. During the same quarter in the previous year, the firm posted $0.81 EPS. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. As a group, research analysts predict that Employers Holdings Inc will post 3.63 earnings per share for the current year.

Employers Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Wednesday, November 12th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Wednesday, November 12th. Employers’s payout ratio is currently 50.59%.

Insider Activity

In other Employers news, EVP Michael Pedraja bought 5,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The stock was bought at an average price of $37.09 per share, for a total transaction of $203,995.00. Following the completion of the acquisition, the executive vice president directly owned 17,830 shares in the company, valued at $661,314.70. The trade was a 44.61% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. increased its position in shares of Employers by 133.5% during the second quarter. Osaic Holdings Inc. now owns 635 shares of the financial services provider’s stock valued at $30,000 after buying an additional 363 shares during the period. Elevation Point Wealth Partners LLC bought a new stake in shares of Employers during the second quarter valued at approximately $39,000. GAMMA Investing LLC grew its stake in Employers by 35.7% in the fourth quarter. GAMMA Investing LLC now owns 1,561 shares of the financial services provider’s stock worth $67,000 after purchasing an additional 411 shares during the period. Versant Capital Management Inc lifted its position in Employers by 230.2% during the third quarter. Versant Capital Management Inc now owns 1,981 shares of the financial services provider’s stock valued at $84,000 after buying an additional 1,381 shares during the period. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Employers by 179.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,276 shares of the financial services provider’s stock valued at $107,000 after buying an additional 1,462 shares in the last quarter. 80.49% of the stock is currently owned by institutional investors.

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.