The stock of Employers Holdings, Inc. (NYSE:EIG) reached all time high today, Nov, 14 and still has $50.25 target or 50.00% above today’s $33.50 share price. This indicates more upside for the $1.10 billion company. This technical setup was reported by Barchart.com. If the $50.25 PT is reached, the company will be worth $550.00 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 124,147 shares traded hands or 7.37% up from the average. Employers Holdings, Inc. (NYSE:EIG) has risen 19.71% since April 12, 2016 and is uptrending. It has outperformed by 14.72% 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 Q2 2016. Its down 0.30, from 1.19 in 2016Q1. The ratio fall, 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.
Columbia Prtnrs L L C Invest Mngmt has 0.15% invested in the company for 68,934 shares. Tudor Corporation Et Al last reported 0.03% of its portfolio in the stock. Denali Limited Liability accumulated 136 shares or 0% of the stock. Tiaa Cref Inv Lc has invested 0% of its portfolio in Employers Holdings, Inc. (NYSE:EIG). Guggenheim Ltd Liability owns 76,076 shares or 0.01% of their US portfolio. Moreover, First Citizens Financial Bank Trust has 0.04% invested in Employers Holdings, Inc. (NYSE:EIG) for 14,523 shares. Manufacturers Life Insurance The holds 21,392 shares or 0% of its portfolio. Clarivest Asset Management Ltd Limited Liability Company owns 8,094 shares or 0.01% of their US portfolio. Invesco Ltd has 112,042 shares for 0% of their US portfolio. Cornerstone Capital Management Lc holds 0.02% or 83,132 shares in its portfolio. The California-based Analytic Invsts Ltd Limited Liability Company has invested 0.02% in Employers Holdings, Inc. (NYSE:EIG). Opus Gru Limited Liability, a Ohio-based fund reported 170,624 shares. Putnam Invs Limited accumulated 362,321 shares or 0.03% of the stock. Blackrock Invest Mgmt Limited Liability last reported 0.01% of its portfolio in the stock. Nationwide Fund holds 0.02% or 147,834 shares in its portfolio.
Insider Transactions: Since May 16, 2016, the stock had 1 buy, and 7 selling transactions for $2.30 million net activity. On Wednesday, July 27 the insider Festa Stephen V sold $308,704. Another trade for 16,588 shares valued at $459,653 was made by Hallman Richard P on Monday, August 1. Ormsby Lenard T sold $497,262 worth of Employers Holdings, Inc. (NYSE:EIG) on Wednesday, June 1. 1,142 Employers Holdings, Inc. (NYSE:EIG) shares with value of $34,260 were sold by Nelson Ann W. Shares for $7,280 were bought by Blakey Richard W on Monday, August 1.
More important 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 article titled: “Employers Holdings, Inc. Announces Additional Board Member”, Businesswire.com published: “Employers Holdings, Inc. Names Dwight L. Robertson, M.D. Vice President …” on March 14, 2016. More interesting news about Employers Holdings, Inc. (NYSE:EIG) was released by: Businesswire.com and their article: “Employers Holdings, Inc. Schedules Third Quarter 2016 Earnings Release and …” with publication date: October 13, 2016.
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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