Somewhat Favorable News Coverage Somewhat Unlikely to Affect Employers (EIG) Stock Price
Media headlines about Employers (NYSE:EIG) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Employers earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned headlines about the financial services provider an impact score of 45.2974359776136 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
EIG has been the subject of several recent research reports. ValuEngine downgraded Employers from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Zacks Investment Research raised Employers from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research note on Monday, October 30th. Finally, SunTrust Banks reissued a “buy” rating and issued a $53.00 price objective on shares of Employers in a research note on Friday, October 27th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. Employers has an average rating of “Hold” and a consensus price target of $47.33.
Shares of Employers (NYSE:EIG) opened at $42.35 on Wednesday. Employers has a 52 week low of $35.60 and a 52 week high of $50.45. The stock has a market capitalization of $1,410.00, a price-to-earnings ratio of 13.23 and a beta of 1.14.
In other Employers news, EVP John P. Nelson sold 9,825 shares of the firm’s stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $45.68, for a total value of $448,806.00. Following the completion of the sale, the executive vice president now directly owns 23,802 shares of the company’s stock, valued at approximately $1,087,275.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas D. Dirks sold 58,300 shares of the firm’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $49.55, for a total value of $2,888,765.00. Following the completion of the sale, the chief executive officer now directly owns 331,145 shares of the company’s stock, valued at $16,408,234.75. The disclosure for this sale can be found here. Insiders sold a total of 83,525 shares of company stock valued at $4,050,555 over the last ninety days. Corporate insiders own 3.50% of the company’s stock.
TRADEMARK VIOLATION WARNING: “Somewhat Favorable News Coverage Somewhat Unlikely to Affect Employers (EIG) Stock Price” was published by Watch List News and is owned by of Watch List News. If you are accessing this piece on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this piece can be read at https://www.watchlistnews.com/somewhat-favorable-news-coverage-somewhat-unlikely-to-affect-employers-eig-stock-price/1800952.html.
Employers 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.
Receive News & Ratings for Employers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Employers and related companies with MarketBeat.com's FREE daily email newsletter.