EIG Stock Summary and Trading Ideas (Employers Holdings | NYSE:EIG)

Employers Holdings Inc provides workers' compensation insurance, to small businesses in low- to medium-hazard industries. Its customers are employers, and the insurance premiums that those employers pay to account for 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 exposure to restaurants, which account for roughly a fourth of the total premiums the company earns. It operates as a single reportable segment, Insurance Operations, through itswholly owned subsidiaries.

Employers Holdings trades on the NYSE stock market under the symbol EIG.

As of April 18, 2024, EIG stock price climbed to $43.10 with 90,736 million shares trading.

EIG has a beta of 0.42, meaning it tends to be less sensitive to market movements. EIG has a correlation of 0.06 to the broad based SPY ETF.

EIG has a market cap of $1.09 billion. This is considered a Small Cap stock.

Last quarter Employers Holdings reported $226 million in Revenue and $1.40 earnings per share. This beat revenue expectation by $10 million and exceeded earnings estimates by $.32.

In the last 3 years, EIG stock traded as high as $46.78 and as low as $32.58.

The top ETF exchange traded funds that EIG belongs to (by Net Assets): IJR, VTI, VB, IWM, VBR.

EIG has underperformed the market in the last year with a price return of +4.3% while the SPY ETF gained +22.3%. However, in the short term, EIG had mixed performance relative to the market. It has outperformed in the last 3 months, returning +8.5% vs +6.1% return in SPY. But in the last 2 weeks, EIG shares have been beat by the market, returning -4.4% compared to an SPY return of -3.8%.

EIG support price is $42.01 and resistance is $42.95 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that EIG stock will trade within this expected range on the day.