BidaskClub downgraded shares of Employers Holdings Inc (NYSE:EIG) from a strong-buy rating to a buy rating in a research report released on Thursday, June 22nd.
Several other equities research analysts also recently weighed in on EIG. Zacks Investment Research upgraded Employers Holdings from a hold rating to a buy rating and set a $45.00 price target on the stock in a report on Monday, May 1st. ValuEngine upgraded Employers Holdings from a hold rating to a buy rating in a report on Friday, June 2nd.
Employers Holdings (NYSE:EIG) opened at 43.00 on Thursday. The company has a market capitalization of $1.39 billion, a PE ratio of 13.11 and a beta of 1.09. Employers Holdings has a 52-week low of $27.01 and a 52-week high of $43.75. The firm’s 50-day moving average is $41.92 and its 200-day moving average is $39.25.
Employers Holdings (NYSE:EIG) last posted its quarterly earnings data on Wednesday, April 26th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.06. Employers Holdings had a return on equity of 9.83% and a net margin of 13.72%. The business had revenue of $196.30 million during the quarter, compared to analyst estimates of $190.17 million. On average, equities research analysts forecast that Employers Holdings will post $2.23 EPS for the current year.
TRADEMARK VIOLATION WARNING: This news story was published by BBNS and is owned by of BBNS. If you are viewing this news story on another website, it was illegally stolen and republished in violation of US & international copyright laws. The legal version of this news story can be accessed at https://baseballnewssource.com/markets/bidaskclub-lowers-employers-holdings-inc-eig-to-buy-updated-updated-updated/1072920.html.
In other news, COO Stephen V. Festa sold 18,329 shares of the firm’s stock in a transaction on Monday, April 24th. The stock was sold at an average price of $39.26, for a total value of $719,596.54. Following the completion of the sale, the chief operating officer now owns 19,542 shares of the company’s stock, valued at approximately $767,218.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas D. Dirks sold 83,890 shares of the firm’s stock in a transaction on Monday, June 12th. The stock was sold at an average price of $41.93, for a total value of $3,517,507.70. Following the completion of the sale, the chief executive officer now directly owns 409,535 shares of the company’s stock, valued at approximately $17,171,802.55. The disclosure for this sale can be found here. Company insiders own 4.00% of the company’s stock.
A number of hedge funds have recently modified their holdings of EIG. Russell Investments Group Ltd. purchased a new stake in shares of Employers Holdings during the fourth quarter worth approximately $930,000. Comerica Bank boosted its stake in shares of Employers Holdings by 4.1% in the fourth quarter. Comerica Bank now owns 34,483 shares of the financial services provider’s stock worth $1,317,000 after buying an additional 1,352 shares in the last quarter. State Street Corp raised its position in Employers Holdings by 6.3% in the fourth quarter. State Street Corp now owns 712,870 shares of the financial services provider’s stock worth $28,233,000 after buying an additional 42,384 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Employers Holdings by 7.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,231,143 shares of the financial services provider’s stock worth $88,353,000 after buying an additional 156,203 shares during the last quarter. Finally, Martingale Asset Management L P raised its position in Employers Holdings by 14.5% in the fourth quarter. Martingale Asset Management L P now owns 53,752 shares of the financial services provider’s stock worth $2,129,000 after buying an additional 6,800 shares during the last quarter. 77.66% of the stock is owned by institutional investors.
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.
Receive News & Ratings for Employers Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Employers Holdings Inc and related companies with our FREE daily email newsletter.