It is trading at $47.70 which is marginally over $45.07, the 50 day moving average and which is quite a bit higher than the 200 day moving average of $42.43. The 50 day moving average went up $2.63 or +5.84% whereas the 200 day moving average was up $5.27 or +12.41%. (NYSE:EIG) shares saw heavy trading volume with 154K shares changing hands by the end of trading on Tuesday. Volume was up 98.83% over the stocks average daily volume.
Investors are a little more bullish on shares of the company lately if you put credence in the downtick in short interest. The company recorded a fall in short interest of -2.01% as of October 13, 2017 from the last reporting period. Short shares decreased 3,596 over that period. With short interest at 174,885 and short average daily volume at 84,745, the short-interest ratio is 2.0 and the short interest percentage is 0.01% as of October 13.
Here are a few substantial investment firms who have updated their positions. Victory Capital Management Inc augmented its holdings by buying 1,062 shares an increase of 16.0%. Victory Capital Management Inc currently owns 7,680 shares valued at $349,000. The total value of its holdings increased 24.6%. First Trust Advisors Lp reduced its position by selling 7,929 shares a decrease of 17.9% in the quarter. First Trust Advisors Lp now holds 36,490 shares worth $1,658,000. The value of the position overall is down by 11.8%.
Nationwide Fund Advisors trimmed its investment by selling 26,145 shares a decrease of 23.3% as of 09/30/2017. Nationwide Fund Advisors claims 86,204 shares with a value of $3,918,000. The value of the position overall is down by 17.6%. As of the end of the quarter Aperio Group, LLC had disposed of 1,060 shares trimming its stake by 7.1%. The value of the company’s investment in Employers Holdings Inc decreased from $631,000 to $630,000 decreasing 0.2% since the last quarter.
The company is trading up from yesterday’s close of $47.70. Additionally Employers Holdings Inc declared a dividend to be paid on Wednesday the 22nd of November 2017. The dividend will be $0.150 per share for the quarter which is $0.60 annualized. This dividend represents a yield of $1.26 which is the dividend as a percentage of the current share price. The ex-dividend date is Monday August 7th, 2017.
Employers Holdings Inc currently has a P/E ratio of 14.77 and market cap is 1.55B. In the latest earnings report the EPS was $3.23 and is expected to be $2.30 for the current year with 32,414,000 shares outstanding. Analysts expect next quarter’s EPS will be $0.55 with next year’s EPS anticipated to be $2.14.
Employers Holdings, Inc., launched 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 Company 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. As of December 31, 2016 the Company provided workers’ compensation insurance in 36 states and the District of Columbia, with a concentration in California. Its insurance subsidiaries include Employers Insurance Company of Nevada (EICN), Employers Compensation Insurance Company (ECIC), Employers Preferred Insurance Company (EPIC) and Employers Assurance Company (EAC)..Advertisement