Garmin Ltd. (GRMN) Reaches $65.21 52-Week High; Employers Holdings (EIG)’s Sentiment Is 1.15

February 19, 2018 - By Neil V. Hobbs

The stock of Garmin Ltd. (NASDAQ:GRMN) hit a new 52-week high and has $68.47 target or 5.00% above today’s $65.21 share price. The 9 months bullish chart indicates low risk for the $12.23 billion company. The 1-year high was reported on Feb, 19 by Barchart.com. If the $68.47 price target is reached, the company will be worth $611.35 million more. The stock increased 0.52% or $0.34 during the last trading session, reaching $65.21. About 1.16 million shares traded. Garmin Ltd. (NASDAQ:GRMN) has risen 28.63% since February 19, 2017 and is uptrending. It has outperformed by 11.93% the S&P500.

Employers Holdings, Inc., through its subsidiaries, operates in the commercial property and casualty insurance industry primarily in the United States. The company has market cap of $1.33 billion. It offers workers' compensation insurance to small businesses in low to medium hazard industries. It has a 12.78 P/E ratio. The firm markets its products through independent local, regional, and national agents and brokers; and alternative distribution channels comprising its partners, as well as through national, regional, and local trade groups and associations.

Since January 1, 0001, it had 0 insider purchases, and 4 sales for $892,774 activity.

The stock increased 0.62% or $0.25 during the last trading session, reaching $40.9. About 140,262 shares traded or 21.25% up from the average. Employers Holdings, Inc. (EIG) has risen 35.79% since February 19, 2017 and is uptrending. It has outperformed by 19.09% the S&P500.

Philadelphia Financial Management Of San Francisco Llc holds 3.57% of its portfolio in Employers Holdings, Inc. for 446,454 shares. Dalton Greiner Hartman Maher & Co owns 625,161 shares or 1.59% of their US portfolio. Moreover, Opus Capital Group Llc has 0.94% invested in the company for 90,551 shares. The Florida-based Aviance Capital Partners Llc has invested 0.69% in the stock. Alphamark Advisors Llc, a Kentucky-based fund reported 23,564 shares.

Analysts await Employers Holdings, Inc. (NYSE:EIG) to report earnings on February, 28. They expect $0.56 EPS, down 41.05% or $0.39 from last year’s $0.95 per share. EIG’s profit will be $18.16 million for 18.26 P/E if the $0.56 EPS becomes a reality. After $0.65 actual EPS reported by Employers Holdings, Inc. for the previous quarter, Wall Street now forecasts -13.85% negative EPS growth.

Analysts await Garmin Ltd. (NASDAQ:GRMN) to report earnings on February, 28. They expect $0.75 EPS, up 2.74% or $0.02 from last year’s $0.73 per share. GRMN’s profit will be $140.63M for 21.74 P/E if the $0.75 EPS becomes a reality. After $0.75 actual EPS reported by Garmin Ltd. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Garmin Ltd., together with its subsidiaries, designs, develops, makes, markets, and distributes a range of navigation, communication, and information devices worldwide. The company has market cap of $12.23 billion. It operates through five divisions: Auto, Aviation, Marine, Outdoor, and Fitness. It has a 17.77 P/E ratio. The Auto segment offers personal navigation devices; infotainment solutions; and action cameras, as well as mobile applications under the Garmin and NAVIGON names.

Investors sentiment increased to 1.37 in Q3 2017. Its up 0.25, from 1.12 in 2017Q2. It is positive, as 16 investors sold Garmin Ltd. shares while 107 reduced holdings. 51 funds opened positions while 118 raised stakes. 74.22 million shares or 4.08% more from 71.31 million shares in 2017Q2 were reported. Fdx Inc reported 48,838 shares stake. Los Angeles Capital Equity Rech Incorporated owns 185,375 shares for 0.06% of their portfolio. 458,136 are owned by Morgan Stanley. Fincl Advisers Ltd Limited Liability Company owns 26,812 shares for 0.01% of their portfolio. 152,662 are owned by Prudential Finance. Summit Securities Group Ltd Liability invested 0.04% in Garmin Ltd. (NASDAQ:GRMN). 176,443 are held by Waddell & Reed Inc. Gotham Asset Mngmt Limited Com accumulated 282,751 shares or 0.22% of the stock. Nomura Asset Mngmt Communications reported 0.01% of its portfolio in Garmin Ltd. (NASDAQ:GRMN). California State Teachers Retirement Sys stated it has 0.03% in Garmin Ltd. (NASDAQ:GRMN). Stadion Money Limited Liability Company has invested 0.05% in Garmin Ltd. (NASDAQ:GRMN). Bancorporation Of America Corp De, North Carolina-based fund reported 130,869 shares. Bancshares Of Hawaii invested 0.02% of its portfolio in Garmin Ltd. (NASDAQ:GRMN). Alliancebernstein Lp holds 833,968 shares or 0.03% of its portfolio. New York-based Bancorp Of Ny Mellon has invested 0.03% in Garmin Ltd. (NASDAQ:GRMN).

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