Notable Price Action: What’s in Employers Holdings, Inc. After Touching 52-Week High?

Notable Price Action: What's in Employers Holdings, Inc. After Touching 52 Week High?

The stock of Employers Holdings, Inc. (NYSE:EIG) hit a new 52-week high and has $37.80 target or 5.00% above today’s $36.00 share price. The 6 months bullish chart indicates low risk for the $1.20 billion company. The 1-year high was reported on Nov, 22 by Barchart.com. If the $37.80 price target is reached, the company will be worth $60.00M 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 24,686 shares traded hands. Employers Holdings, Inc. (NYSE:EIG) has risen 24.04% since April 20, 2016 and is uptrending. It has outperformed by 19.48% 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 Q2 2016. Its down 0.09, from 0.89 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.
Alphamark Advsr Lc last reported 0.51% of its portfolio in the stock. Analytic Lc owns 47,689 shares or 0.02% of their US portfolio. Blackrock Fund Advsrs has 1.99M shares for 0.01% of their US portfolio. Voya Inv Ltd Liability, a Georgia-based fund reported 44,142 shares. Blackrock Gru has 0% invested in the company for 41,025 shares. Alliancebernstein L P holds 0% of its portfolio in Employers Holdings, Inc. (NYSE:EIG) for 44,650 shares. Sei has invested 0% of its portfolio in Employers Holdings, Inc. (NYSE:EIG). The California-based Aperio Gp Limited Co has invested 0% in Employers Holdings, Inc. (NYSE:EIG). Jacobs Levy Equity holds 0.02% or 35,660 shares in its portfolio. Swiss Natl Bank, a Switzerland-based fund reported 53,100 shares. The Illinois-based First Tru L P has invested 0.01% in Employers Holdings, Inc. (NYSE:EIG). Public Sector Pension Investment Board has 22,937 shares for 0.01% of their US portfolio. Employees Retirement Of Texas holds 24,000 shares or 0.01% of its portfolio. The Sweden-based Livforsakringsbolaget Skandia Omsesidigt has invested 0.04% in Employers Holdings, Inc. (NYSE:EIG). Blackrock Investment Management Ltd Co accumulated 0.01% or 141,109 shares.

Insider Transactions: Since May 27, 2016, the stock had 1 insider purchase, and 9 insider sales for $3.33 million net activity. 9,647 shares were sold by Festa Stephen V, worth $308,704 on Wednesday, July 27. The insider Ormsby Lenard T sold 7,218 shares worth $218,200. Hallman Richard P also sold $459,653 worth of Employers Holdings, Inc. (NYSE:EIG) shares. 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.

More news for Employers Holdings, Inc. (NYSE:EIG) were recently published by: Nasdaq.com, which released: “Employers Holdings Inc (EIG) Ex-Dividend Date Scheduled for November 07, 2016” on November 04, 2016. Businesswire.com‘s article titled: “Employers Holdings, Inc. Announces Additional Board Member” and published on October 22, 2015 is yet another important article.

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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