The stock of Employers Holdings, Inc. (NYSE:EIG) hit a new 52-week high and has $41.08 target or 21.00% above today’s $33.95 share price. The 9 months bullish chart indicates low risk for the $1.12 billion company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $41.08 price target is reached, the company will be worth $235.20 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 57,584 shares traded hands. Employers Holdings, Inc. (NYSE:EIG) has risen 19.47% since April 15, 2016 and is uptrending. It has outperformed by 14.85% the S&P500.
According to Zacks Investment Research, “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.”
Insitutional Activity: The institutional sentiment decreased to 0.89 in 2016 Q2. Its down 0.30, from 1.19 in 2016Q1. The ratio dived, as 21 funds sold all Employers Holdings, Inc. shares owned while 60 reduced positions. 16 funds bought stakes while 56 increased positions. They now own 24.90 million shares or 0.71% more from 24.72 million shares in 2016Q1.
Price T Rowe Assocs Inc Md owns 1.09M shares or 0.01% of their US portfolio. Cornercap Inv Counsel reported 21,535 shares or 0.12% of all its holdings. The New York-based Bnp Paribas Arbitrage Sa has invested 0% in Employers Holdings, Inc. (NYSE:EIG). Blackrock last reported 7,245 shares in the company. Morgan Stanley holds 0% of its portfolio in Employers Holdings, Inc. (NYSE:EIG) for 308,608 shares. California Public Employees Retirement System holds 0% of its portfolio in Employers Holdings, Inc. (NYSE:EIG) for 105,200 shares. Aviance Capital Prns owns 54,737 shares or 0.58% of their US portfolio. Glenmede Na has 16,757 shares for 0% of their US portfolio. Moreover, Zacks Inv has 0.02% invested in Employers Holdings, Inc. (NYSE:EIG) for 18,033 shares. Vanguard Gru accumulated 2.48M shares or 0% of the stock. Capstone Asset Communications owns 14,860 shares or 0.01% of their US portfolio. The New York-based Jpmorgan Chase And has invested 0% in Employers Holdings, Inc. (NYSE:EIG). Moreover, Sei Invs has 0% invested in Employers Holdings, Inc. (NYSE:EIG) for 4,996 shares. The Kentucky-based Teachers Retirement Sys Of The State Of Kentucky has invested 0% in Employers Holdings, Inc. (NYSE:EIG). The California-based Blackrock Fund Advsr has invested 0.01% in Employers Holdings, Inc. (NYSE:EIG).
Insider Transactions: Since May 27, 2016, the stock had 1 buy, and 8 selling transactions for $3.11 million net activity. Ormsby Lenard T sold 16,482 shares worth $497,262. On Monday, October 3 Nelson Ann W sold $34,260 worth of the stock or 1,142 shares. Another trade for 16,588 shares valued at $459,653 was made by Hallman Richard P on Monday, August 1. On Wednesday, July 13 Festa Stephen V sold $176,700 worth of the stock or 5,700 shares. 260 shares were bought by Blakey Richard W, worth $7,280.
More recent Employers Holdings, Inc. (NYSE:EIG) news were published by: Nasdaq.com which released: “Employers Holdings Inc (EIG) Ex-Dividend Date Scheduled for November 07, 2016” on November 04, 2016. Also Businesswire.com published the news titled: “Employers Holdings, Inc. Announces Additional Board Member” on October 22, 2015. Businesswire.com‘s news article titled: “Employers Holdings, Inc. Names Dwight L. Robertson, M.D. Vice President …” with publication date: March 14, 2016 was also an interesting one.
EIG Company Profile
Employers Holdings, Inc., incorporated on March 9, 2005, 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. The Firm 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. The Firm provides workers’ compensation insurance in approximately 30 states and the District of Columbia, with a concentration in California. The Firm invests in fixed maturity securities, equity securities and cash equivalents. The Company’s insurance subsidiaries include Employers Insurance Company of Nevada (EICN), Employers Compensation Insurance Company (ECIC), Employers Preferred Insurance Company (EPIC) and Employers Assurance Company (EAC).
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