Buckingham Research started coverage on shares of Employers Holdings Inc (NYSE:EIG) in a report released on Monday morning, Marketbeat reports. The brokerage issued an underperform rating and a $36.00 price objective on the financial services provider’s stock.
A number of other analysts have also weighed in on the company. BidaskClub lowered Employers Holdings from a strong-buy rating to a buy rating in a research note on Thursday, June 22nd. Zacks Investment Research lowered Employers Holdings from a buy rating to a hold rating in a research note on Friday, September 1st. Finally, ValuEngine upgraded Employers Holdings from a hold rating to a buy rating in a research note on Friday, June 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $40.50.
Shares of Employers Holdings (NYSE:EIG) opened at 40.75 on Monday. The firm has a market cap of $1.32 billion, a P/E ratio of 12.62 and a beta of 1.10. Employers Holdings has a 12-month low of $28.81 and a 12-month high of $44.55. The company has a 50-day moving average of $42.03 and a 200 day moving average of $40.55.
Employers Holdings (NYSE:EIG) last announced 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. Employers Holdings had a return on equity of 10.25% and a net margin of 13.72%. The company had revenue of $191.10 million during the quarter, compared to analyst estimates of $194.78 million. Equities analysts predict that Employers Holdings will post $2.27 EPS for the current year.
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The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th were paid a $0.15 dividend. The ex-dividend date was Monday, August 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.47%. Employers Holdings’s dividend payout ratio (DPR) is presently 18.63%.
A number of institutional investors have recently bought and sold shares of EIG. Ameritas Investment Partners Inc. bought a new position in Employers Holdings in the first quarter valued at about $101,000. Riverhead Capital Management LLC boosted its holdings in Employers Holdings by 64.5% in the second quarter. Riverhead Capital Management LLC now owns 2,797 shares of the financial services provider’s stock valued at $118,000 after acquiring an additional 1,097 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in Employers Holdings by 1.1% in the first quarter. State of Alaska Department of Revenue now owns 3,550 shares of the financial services provider’s stock valued at $134,000 after acquiring an additional 40 shares during the last quarter. Ifrah Financial Services Inc. bought a new position in Employers Holdings in the second quarter valued at about $205,000. Finally, Stifel Financial Corp bought a new position in Employers Holdings in the second quarter valued at about $214,000. Institutional investors and hedge funds own 77.33% of the company’s stock.
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. 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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