Employers (EIG) Receiving Favorable News Coverage, Report Finds
News coverage about Employers (NYSE:EIG) has trended positive this week, Accern Sentiment reports. The research group rates the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Employers earned a news impact score of 0.28 on Accern’s scale. Accern also gave media coverage about the financial services provider an impact score of 45.6170150758867 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news headlines that may have impacted Accern Sentiment’s rankings:
- Employers (EIG) Scheduled to Post Earnings on Wednesday (americanbankingnews.com)
- Catholic Inc: What the Church is really worth in Bendigo and Victoria (bendigoadvertiser.com.au)
- PayScale Research Shows Fair Pay is Still Complex for Most Employers (econotimes.com)
- Healthiest Employers: Honoree – McCarthy Holdings Inc. (bizjournals.com)
- Employers Holdings, Inc. Schedules Fourth Quarter 2017 Earnings Release and Conference Call (markets.financialcontent.com)
EIG has been the topic of several analyst reports. SunTrust Banks reaffirmed a “buy” rating and set a $53.00 price target on shares of Employers in a research note on Friday, October 27th. Zacks Investment Research raised shares of Employers from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research note on Monday, January 22nd. Finally, ValuEngine raised shares of Employers from a “hold” rating to a “buy” rating in a research note on Saturday, February 3rd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. Employers presently has an average rating of “Hold” and an average price target of $46.00.
In related news, CEO Douglas D. Dirks sold 58,300 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $49.55, for a total value of $2,888,765.00. Following the sale, the chief executive officer now directly owns 331,145 shares of the company’s stock, valued at $16,408,234.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John P. Nelson sold 12,000 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $46.79, for a total transaction of $561,480.00. Following the completion of the sale, the executive vice president now directly owns 25,977 shares in the company, valued at $1,215,463.83. The disclosure for this sale can be found here. Insiders have sold a total of 91,204 shares of company stock worth $4,381,909 over the last ninety days. 3.50% of the stock is owned by corporate insiders.
Employers Company Profile
Employers Holdings, Inc 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. It 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.
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