Zacks: Employers Holdings Inc. (NYSE:EIG) Given $36.00 Average Target Price by Analysts
Shares of Employers Holdings Inc. (NYSE:EIG) have received a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Brokerages have set a twelve-month consensus price target of $36.00 for the company and are expecting that the company will post $0.52 earnings per share for the current quarter, according to Zacks. Zacks has also given Employers Holdings an industry rank of 190 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research downgraded Employers Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, June 28th.
In related news, EVP Richard P. Hallman sold 16,588 shares of the stock in a transaction on Monday, August 1st. The stock was sold at an average price of $27.71, for a total transaction of $459,653.48. Following the completion of the sale, the executive vice president now directly owns 30,342 shares of the company’s stock, valued at $840,776.82. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Stephen V. Festa sold 5,700 shares of the stock in a transaction on Wednesday, July 13th. The stock was sold at an average price of $31.00, for a total value of $176,700.00. Following the sale, the chief operating officer now directly owns 44,722 shares of the company’s stock, valued at $1,386,382. The disclosure for this sale can be found here. 4.00% of the stock is owned by insiders.
Several large investors have recently modified their holdings of the company. BlackRock Fund Advisors increased its stake in shares of Employers Holdings by 1.0% in the first quarter. BlackRock Fund Advisors now owns 1,973,490 shares of the company’s stock valued at $55,534,000 after buying an additional 19,958 shares in the last quarter. A.R.T. Advisors LLC increased its stake in shares of Employers Holdings by 10.8% in the first quarter. A.R.T. Advisors LLC now owns 28,809 shares of the company’s stock valued at $810,000 after buying an additional 2,800 shares in the last quarter. Glenmede Trust Co. NA increased its stake in shares of Employers Holdings by 0.3% in the first quarter. Glenmede Trust Co. NA now owns 17,015 shares of the company’s stock valued at $477,000 after buying an additional 58 shares in the last quarter. Algert Global LLC bought a new stake in shares of Employers Holdings during the first quarter valued at $419,000. Finally, Norges Bank bought a new stake in shares of Employers Holdings during the fourth quarter valued at $11,721,000. 78.25% of the stock is owned by hedge funds and other institutional investors.
Shares of Employers Holdings (NYSE:EIG) traded up 2.04% during mid-day trading on Wednesday, reaching $30.01. 46,878 shares of the company’s stock were exchanged. Employers Holdings has a one year low of $20.86 and a one year high of $32.03. The company’s 50-day moving average price is $29.19 and its 200-day moving average price is $29.11. The company has a market capitalization of $973.46 million, a PE ratio of 9.97 and a beta of 1.05.
Employers Holdings (NYSE:EIG) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.57 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.57. The business earned $201.80 million during the quarter, compared to the consensus estimate of $197.92 million. Employers Holdings had a return on equity of 11.05% and a net margin of 12.66%. On average, equities analysts expect that Employers Holdings will post $2.11 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 24th. Stockholders of record on Wednesday, August 10th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.22%. The ex-dividend date was Monday, August 8th. Employers Holdings’s payout ratio is currently 11.92%.
About Employers Holdings
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. The Company 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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