Employer Holdings drops 9% on analyst downgrade
Employers Holdings Inc. (NYSE:EIG) is down 9% today after analysts at Keefe, Bruyette, & Woods downgraded the company ahead of the opening to “market perform” from “outperform.” The research firm said the downgrade reflects “conservative growth and investment income expectations.” Employers Holdings is a Reno, Nev.-based company that provides workers’ compensation insurance to small businesses. In today’s trading, shares of the company are at $18.15, down $1.85 from Tuesday’s close. The stock has ranged from $15.13 to $21.72 during the past year.
For detailed price information and recent news stories on Employers Holdings Inc., click EIG.
