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| Snatch This Bargain Even Cheaper Than CEO Antonello DidBy Dividend Channel Staff, Wednesday, July 5, 3:56 PM ET
There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on June 1, Employers Holdings Inc's CEO, Katherine H. Antonello, invested $250,844.80 into 6,880 shares of EIG, for a cost per share of $36.46. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money. In trading on Wednesday, bargain hunters could buy shares of Employers Holdings Inc (NYSE:EIG) and achieve a cost basis even cheaper than Antonello, with shares changing hands as low as $36.37 per share. Employers Holdings Inc shares are currently trading off about 3.3% on the day. The chart below shows the one year performance of EIG shares, versus its 200 day moving average:
Looking at the chart above, EIG's low point in its 52 week range is $32.575 per share, with $46.73 as the 52 week high point — that compares with a last trade of $36.44. By comparison, below is a table showing the prices at which EIG insider buying was recorded over the last six months:
The current annualized dividend paid by Employers Holdings Inc is $1.12/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 05/09/2023. Below is a long-term dividend history chart for EIG, which can be of good help in judging whether the most recent dividend with approx. 3.0% annualized yield is likely to continue.
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