- Four insiders purchased the stock within one month.
- The stock was sold by no insiders in the month of intensive purchasing.
- Two of these four insiders increased their holdings by more than 10%.
Employers Holdings (NYSE:EIG) operates in the commercial property and casualty insurance industry in the United States.
Insider buying during the last 30 days
Here is a table of Employers' insider activity during the last 30 days.
|Name||Title||Trade Date||Shares Purchased||Current Ownership||Increase In Shares|
|Michael McSally||Director||March 10||2,500||3,852 shares||+184.9%|
|Katherine Ong||Director||Feb 26||500||29,429 shares||+1.7%|
|James Kroner||Director||Feb 24||5,000||6,352 shares||+369.8%|
|Valerie Glenn||Director||Feb 24||1,300||48,553 shares||+2.8%|
There have been 9,300 shares purchased by insiders during the last 30 days.
Insider buying by calendar month
Here is a table of Employers' insider activity by calendar month.
|Month||Insider buying / shares||Insider selling / shares|
There have been 10,300 shares purchased, and there have been 161,139 shares sold by insiders since January 2013. The month of February 2014 has seen the most insider buying.
Employers reported the full-year 2013 financial results on February 19 with the following highlights:
|Net income||$63.8 million|
|Book value||$26.13 per share|
(Source: Earnings presentation)
The four insiders purchased their shares after these results.
Employers' competitors include The Hartford Financial Services Group (NYSE:HIG), Meadowbrook Insurance Group (NYSE:MIG), and The Travelers Companies (NYSE:TRV). Here is a table comparing these companies.
|Company||EIG||HIG||MIG||TRV||Industry Average (Accident & Health Insurance)|
|Qtrly Rev Growth (yoy):||0.21||-0.21||-0.34||0.04||0.40|
|PEG (5 yr expected):||2.36||1.07||1.14||1.17||2.04|
Employers has the fastest revenue growth among these four companies.
Here is a table of these competitors' insider activities this year.
|Company||Insider buying / shares||Insider selling / shares|
Only Employers has seen intensive insider buying during the last 30 days.
There have been five different insiders buying Employers, and there have not been any insiders selling Employers during the last 30 days. Two of these four insiders increased their holdings by more than 10%. Employers has an insider ownership of 1.80%.
Employers has a book value of $26.13 per share. I believe the stock could be a good pick below the book value based on the intensive insider buying.
Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in EIG over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.