News articles about Employers (NYSE:EIG) have trended somewhat positive on Sunday, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Employers earned a coverage optimism score of 0.11 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 46.5412172877497 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
EIG has been the topic of several research analyst reports. Zacks Investment Research cut Employers from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. Buckingham Research initiated coverage on Employers in a report on Monday, September 11th. They set an “underperform” rating and a $36.00 price target on the stock. Finally, SunTrust Banks reissued a “buy” rating and set a $53.00 price target on shares of Employers in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. Employers has a consensus rating of “Hold” and an average price target of $47.33.
Employers (EIG) opened at $47.00 on Friday. The firm has a market capitalization of $1,560.00, a price-to-earnings ratio of 16.63 and a beta of 1.13. Employers has a twelve month low of $35.60 and a twelve month high of $50.45.
Employers (NYSE:EIG) last released its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.08. Employers had a return on equity of 10.39% and a net margin of 13.32%. The firm had revenue of $210.50 million for the quarter, compared to analysts’ expectations of $193.04 million. equities analysts anticipate that Employers will post 2.39 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Wednesday, November 8th were issued a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, November 7th. This represents a $0.60 dividend on an annualized basis and a yield of 1.28%. Employers’s dividend payout ratio is currently 18.75%.
In related news, CEO Douglas D. Dirks sold 58,300 shares of the firm’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $49.55, for a total value of $2,888,765.00. Following the transaction, the chief executive officer now directly owns 331,145 shares of the company’s stock, valued at approximately $16,408,234.75. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.50% of the stock is currently owned by company insiders.
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Employers 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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