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Ann Marie Smith, the Chief Actuarial and Underwriting Officer at Employers Holdings, Inc. (NYSE:EIG), a $1.27 billion market cap insurance company trading at a P/E ratio of 9.55, has sold a portion of her holdings in the company. According to InvestingPro analysis, the company currently appears overvalued relative to its Fair Value. According to a recent SEC filing, Smith sold 1,385 shares of common stock at an average price of $51.24 per share, totaling approximately $70,967. Following this transaction, Smith retains ownership of 8,801 shares in the company. The reported sale was executed on February 28, 2025. InvestingPro data shows the company maintains strong liquidity with current assets exceeding short-term obligations, and has consistently paid dividends for 19 consecutive years. Discover more insights about EIG and 1,400+ other stocks through comprehensive Pro Research Reports on InvestingPro.
In other recent news, Employers Holdings, Inc. reported its fourth-quarter 2024 earnings, showcasing an earnings per share (EPS) of $1.15, surpassing the analysts’ forecast of $1.07. However, the company’s revenue did not meet expectations, coming in at $216.6 million compared to the projected $224.38 million. Despite the revenue shortfall, Employers Holdings declared a $0.30 per share dividend for the first quarter of 2025. The company achieved its 10th consecutive year of underwriting profit, maintaining a combined ratio of 95.5% for the quarter. Employers Holdings also announced an upgrade from A. Invest, which boosted the financial strength ratings of its insurance companies to A. The company continues to focus on expanding its risk appetite and digital partnerships, contributing to significant new and renewal premiums. Furthermore, Employers Holdings repurchased $10 million of its common stock in the fourth quarter and declared a regular quarterly dividend, indicating a strong capital management strategy. Looking ahead, the company anticipates an increase in the 2025 accident year loss and LAE ratio, but plans to offset this with reductions in the expense ratio.
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