The stock of Employers Holdings, Inc. (NYSE:EIG) reached all time high today, Nov, 21 and still has $51.58 target or 46.00% above today’s $35.33 share price. This indicates more upside for the $1.18B company. This technical setup was reported by Barchart.com. If the $51.58 PT is reached, the company will be worth $542.80 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 105,398 shares traded hands. Employers Holdings, Inc. (NYSE:EIG) has risen 24.73% since April 19, 2016 and is uptrending. It has outperformed by 20.87% 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 0.8 in 2016 Q2. Its down 0.09, from 0.89 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.
Moreover, Northern Trust has 0.01% invested in Employers Holdings, Inc. (NYSE:EIG) for 1.04M shares. Ridgeworth Mgmt Limited Company holds 15,911 shares or 0% of its portfolio. Invesco Ltd holds 112,042 shares or 0% of its portfolio. Federated Investors Inc Pa has 0.01% invested in the company for 84,177 shares. Royal National Bank & Trust Of Canada last reported 311,774 shares in the company. Analytic Investors Limited Co, a California-based fund reported 47,689 shares. Mufg Americas Hldgs holds 0% or 269 shares in its portfolio. Moreover, Dimensional Fund Advsr Ltd Partnership has 0.03% invested in Employers Holdings, Inc. (NYSE:EIG) for 1.91 million shares. Employees Retirement System Of Texas owns 24,000 shares or 0.01% of their US portfolio. Bridgeway Capital Mngmt Inc reported 211,550 shares or 0.1% of all its holdings. Aperio Gp Limited Liability has invested 0% of its portfolio in Employers Holdings, Inc. (NYSE:EIG). Jacobs Levy Equity Management accumulated 0.02% or 35,660 shares. Moreover, Pinebridge Invests Limited Partnership has 0.01% invested in Employers Holdings, Inc. (NYSE:EIG) for 4,114 shares. Palo holds 0.13% or 13,000 shares in its portfolio. Arizona State Retirement Sys has invested 0.01% of its portfolio in Employers Holdings, Inc. (NYSE:EIG).
Insider Transactions: Since May 27, 2016, the stock had 1 buying transaction, and 8 insider sales for $3.11 million net activity. Ormsby Lenard T sold 16,482 shares worth $497,262. Shares for $176,700 were sold by Festa Stephen V on Wednesday, July 13. Blakey Richard W also bought $7,280 worth of Employers Holdings, Inc. (NYSE:EIG) on Monday, August 1. Hallman Richard P sold $459,653 worth of Employers Holdings, Inc. (NYSE:EIG) on Monday, August 1. Another trade for 1,142 shares valued at $34,260 was sold by Nelson Ann W.
Another recent and important Employers Holdings, Inc. (NYSE:EIG) news was published by Nasdaq.com which published an article titled: “Employers Holdings Inc (EIG) Ex-Dividend Date Scheduled for November 07, 2016” on November 04, 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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