Shares of Employers Holdings Inc. (NYSE:EIG) have earned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Brokerages have set a 1-year consensus price target of $36.00 for the company and are expecting that the company will post $0.52 EPS for the current quarter, according to Zacks. Zacks has also given Employers Holdings an industry rank of 195 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research cut Employers Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, June 28th.
In related news, COO Stephen V. Festa sold 9,647 shares of the business’s stock in a transaction dated Wednesday, July 27th. The stock was sold at an average price of $32.00, for a total transaction of $308,704.00. Following the transaction, the chief operating officer now directly owns 48,669 shares in the company, valued at $1,557,408. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Stephen V. Festa sold 5,700 shares of the business’s stock in a transaction dated Wednesday, July 13th. The shares were sold at an average price of $31.00, for a total value of $176,700.00. Following the transaction, the chief operating officer now owns 44,722 shares in the company, valued at $1,386,382. The disclosure for this sale can be found here. Corporate insiders own 4.00% of the company’s stock.
A number of institutional investors have recently modified their holdings of EIG. Mason Street Advisors LLC bought a new stake in Employers Holdings during the second quarter valued at $184,000. Arizona State Retirement System raised its stake in Employers Holdings by 2.4% in the second quarter. Arizona State Retirement System now owns 16,892 shares of the company’s stock valued at $490,000 after buying an additional 400 shares in the last quarter. Highbridge Capital Management LLC bought a new stake in Employers Holdings during the second quarter valued at $499,000. AQR Capital Management LLC raised its stake in Employers Holdings by 46.7% in the second quarter. AQR Capital Management LLC now owns 232,532 shares of the company’s stock valued at $6,748,000 after buying an additional 73,992 shares in the last quarter. Finally, Bridgeway Capital Management Inc. raised its stake in Employers Holdings by 26.5% in the second quarter. Bridgeway Capital Management Inc. now owns 211,550 shares of the company’s stock valued at $6,139,000 after buying an additional 44,350 shares in the last quarter. Hedge funds and other institutional investors own 78.25% of the company’s stock.
Shares of Employers Holdings (NYSE:EIG) opened at 30.65 on Wednesday. Employers Holdings has a 52 week low of $20.86 and a 52 week high of $32.03. The firm’s 50-day moving average price is $29.43 and its 200 day moving average price is $29.15. The company has a market cap of $994.22 million, a P/E ratio of 10.19 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, hitting the consensus estimate of $0.57. Employers Holdings had a return on equity of 11.05% and a net margin of 12.66%. The business earned $201.80 million during the quarter, compared to analysts’ expectations of $197.92 million. On average, equities analysts predict that Employers Holdings will post $2.11 EPS for the current fiscal year.
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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