Insurance Technology Industry News

TMCNet:  Upgrade Alert for Employers Holdings (EIG)

[January 11, 2013]

Upgrade Alert for Employers Holdings (EIG)

Jan 11, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Employers Holdings (NYSE:EIG) was upgraded from Neutral to Outperform at Macquarie today. The stock closed yesterday at $20.70 on volume of 208,000 shares, above average daily volume of 123,000. Employers Holdings, Inc. provides workers' compensation insurance. The Company focuses on small businesses involved in low to medium hazard industries.

Potential upside of 6.3% exists for Employers Holdings, based on a current level of $20.70 and analysts' average consensus price target of $22.00. The stock should find initial support at its 50-day moving average (MA) of $19.50 and further support at its 200-day MA of $18.21.

Over the past year, Employers Holdings has traded in a range of $15.89 to $21.66 and closed yesterday at $20.70, 30% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 1.1%.

SmarTrend recommended that subscribers consider buying shares of Employers Holdings on March 26th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $17.93. Since that recommendation, shares of Employers Holdings have risen 15.5%. We continue to monitor EIG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to Chip Brian at --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

[ Back To Insurance Technology's Homepage ]