Shares of Employers Holdings Inc (NYSE:EIG) traded today at $41.23, eclipsing its 52-week high. This new high was reached on approximately average trading volume as 169,000 shares traded hands, while the average 30-day volume is approximately 200,000 shares.
Employers Holdings Inc provides workers’ compensation insurance, primarily to small businesses in low- to medium hazard industries. Its customers are employers, and the insurance premiums that those employers pay accounts for more than 90% of total company revenue. Substantially all of the remaining revenue is generated through investments. The company operates exclusively in the United States, and it generates more than half of its business in California. By industry, the company has the most exposure to restaurants, which account for roughly a fourth of the total premiums the company earns.
Employers Holdings Inc (NYSE:EIG) is currently priced 3.7% above its average consensus analyst price target of $38.99.
Employers Holdings Inc share prices have moved between a 52-week high of $41.23 and a 52-week low of $25.53 and are now trading 59% above that low price at $40.51 per share.
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