Zacks Investment Research lowered shares of Employers Holdings Inc (NYSE:EIG) from a buy rating to a hold rating in a research report released on Friday, September 8th.
According to Zacks, “Employers Holdings, Inc. is a specialty provider of workers compensation insurance focused on select small businesses engaged in low to medium hazard industries. It markets its products through independent local, regional, and national agents and brokers, as well as through its strategic partnerships and alliances and relationships with national, regional, and local trade groups and associations. Employers Holdings, Inc. is headquartered in Reno, Nevada. “
Other research analysts have also recently issued reports about the stock. BidaskClub cut shares of Employers Holdings from a strong-buy rating to a buy rating in a research note on Thursday, June 22nd. ValuEngine upgraded shares of Employers Holdings from a hold rating to a buy rating in a research note on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $41.00.
Employers Holdings (NYSE EIG) traded up 1.47% during mid-day trading on Friday, reaching $41.30. The company had a trading volume of 199,434 shares. The stock has a market cap of $1.34 billion, a PE ratio of 12.79 and a beta of 1.10. The firm’s 50-day moving average price is $41.98 and its 200-day moving average price is $40.57. Employers Holdings has a 12 month low of $28.81 and a 12 month high of $44.55.
Employers Holdings (NYSE:EIG) last released its earnings results on Wednesday, July 26th. The financial services provider reported $0.60 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.05. The firm had revenue of $191.10 million for the quarter, compared to analysts’ expectations of $194.78 million. Employers Holdings had a net margin of 13.72% and a return on equity of 10.25%. Equities research analysts forecast that Employers Holdings will post $2.27 EPS for the current fiscal year.
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The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 23rd. Investors of record on Wednesday, August 9th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend was Monday, August 7th. Employers Holdings’s payout ratio is currently 18.63%.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Aviance Capital Partners LLC lifted its stake in Employers Holdings by 1.0% in the 2nd quarter. Aviance Capital Partners LLC now owns 45,765 shares of the financial services provider’s stock worth $1,936,000 after purchasing an additional 448 shares in the last quarter. Vanguard Group Inc. lifted its stake in Employers Holdings by 5.6% in the 1st quarter. Vanguard Group Inc. now owns 2,797,847 shares of the financial services provider’s stock worth $106,177,000 after purchasing an additional 147,837 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Employers Holdings by 5.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,350,986 shares of the financial services provider’s stock worth $89,220,000 after purchasing an additional 119,843 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Employers Holdings by 25.3% in the 1st quarter. Victory Capital Management Inc. now owns 5,768 shares of the financial services provider’s stock worth $219,000 after purchasing an additional 1,163 shares in the last quarter. Finally, OppenheimerFunds Inc. lifted its stake in Employers Holdings by 20.5% in the 1st quarter. OppenheimerFunds Inc. now owns 15,748 shares of the financial services provider’s stock worth $597,000 after purchasing an additional 2,677 shares in the last quarter. Institutional investors and hedge funds own 77.33% of the company’s stock.
Employers Holdings Company Profile
Employers Holdings, Inc is a holding company. Through its insurance subsidiaries, the Company provides workers’ compensation insurance coverage to select, small businesses in low to medium hazard industries. It provides workers’ compensation insurance under a statutory system wherein employers are required to provide coverage for their employees’ medical, disability, vocational rehabilitation, and/or death benefit costs for work-related injuries or illnesses.
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