Insider Selling: Employers Holdings, Inc. (EIG) EVP Sells 2,000 Shares of Stock
Employers Holdings, Inc. (NYSE:EIG) EVP John P. Nelson sold 2,000 shares of the business’s stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $43.23, for a total value of $86,460.00. Following the completion of the sale, the executive vice president now directly owns 28,672 shares of the company’s stock, valued at approximately $1,239,490.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Employers Holdings, Inc. (EIG) opened at $42.30 on Tuesday. Employers Holdings, Inc. has a 12-month low of $35.60 and a 12-month high of $50.45. The firm has a market capitalization of $1,401.00, a PE ratio of 15.60 and a beta of 1.14.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Riverhead Capital Management LLC lifted its position in shares of Employers by 64.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,797 shares of the financial services provider’s stock worth $118,000 after purchasing an additional 1,097 shares during the last quarter. First Allied Advisory Services Inc. acquired a new position in shares of Employers during the 2nd quarter worth about $215,000. Stifel Financial Corp acquired a new position in shares of Employers during the 2nd quarter worth about $214,000. Unison Advisors LLC acquired a new position in shares of Employers during the 4th quarter worth about $305,000. Finally, Piedmont Investment Advisors LLC acquired a new position in shares of Employers during the 2nd quarter worth about $295,000. 77.36% of the stock is owned by institutional investors and hedge funds.
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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