China AI: Bernstein sees chipmakers benefiting from Nvidia scrutiny
James R. Kroner, a director at Employers Holdings, Inc. (NYSE:EIG), recently sold 1,000 shares of the company’s common stock. The shares were sold at a price of $52 each, amounting to a total transaction value of $52,000. The transaction occurred as the $1.28 billion market cap company trades near its 52-week high of $54.44, with InvestingPro analysis indicating the stock is currently overvalued. Following this sale, Kroner holds 22,458 shares indirectly through the James R. Kroner Living Trust, while directly owning an additional 4,400 shares. This transaction was reported in a recent SEC filing, providing insight into the trading activities of company insiders. The company maintains a strong financial profile with a GREAT overall health score and has consistently paid dividends for 19 consecutive years, currently yielding 2.3%. Discover more insights about EIG and access detailed analysis of 1,400+ US stocks with InvestingPro’s comprehensive research reports.
In other recent news, Employers Holdings, Inc. reported its fourth-quarter 2024 earnings, revealing an earnings per share (EPS) of $1.15, which surpassed the forecasted $1.07. However, the company’s revenue fell short, coming in at $216.6 million against a projected $224.38 million. Despite the revenue shortfall, Employers Holdings declared a $0.30 per share dividend for Q1 2025 and marked its 10th consecutive year of underwriting profit. The company also reported a 14% increase in net premiums earned, reaching $190 million for the quarter. In addition to financial results, Employers Holdings announced the addition of Marvin Pestcoe to its Board of Directors, bringing over four decades of insurance and reinsurance expertise. Furthermore, Employers Holdings’ financial strength ratings were upgraded to ’A’ by A. M. Best, reinforcing its position in the insurance industry. These developments reflect the company’s ongoing efforts to enhance profitability and strategic initiatives.
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