BidaskClub downgraded shares of Employers Holdings Inc (NYSE:EIG) from a buy rating to a hold rating in a research report sent to investors on Monday, July 31st.
EIG has been the topic of a number of other research reports. Zacks Investment Research downgraded Employers Holdings from a buy rating to a hold rating in a research note on Wednesday, May 24th. ValuEngine raised shares of Employers Holdings from a hold rating to a buy rating in a report on Friday, June 2nd.
Shares of Employers Holdings (EIG) opened at 42.15 on Monday. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 13.05 and a beta of 1.09. Employers Holdings has a 12 month low of $28.33 and a 12 month high of $44.55. The firm has a 50-day moving average price of $42.88 and a 200 day moving average price of $39.84.
Employers Holdings (NYSE:EIG) last released its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.05. The business had revenue of $191.10 million during the quarter, compared to the consensus estimate of $194.78 million. Employers Holdings had a return on equity of 10.25% and a net margin of 13.72%. On average, analysts anticipate that Employers Holdings will post $2.30 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 23rd. Shareholders of record on Wednesday, August 9th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, August 7th. This represents a $0.60 annualized dividend and a yield of 1.42%. Employers Holdings’s payout ratio is 18.63%.
In other news, CEO Douglas D. Dirks sold 83,890 shares of the stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $41.93, for a total transaction of $3,517,507.70. Following the completion of the sale, the chief executive officer now directly owns 409,535 shares in the company, valued at $17,171,802.55. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 4.00% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in EIG. BlackRock Inc. increased its position in shares of Employers Holdings by 56,909.6% in the first quarter. BlackRock Inc. now owns 4,130,349 shares of the financial services provider’s stock worth $156,746,000 after buying an additional 4,123,104 shares in the last quarter. Norges Bank acquired a new position in shares of Employers Holdings during the fourth quarter worth $18,655,000. Teachers Advisors LLC increased its position in shares of Employers Holdings by 342.9% in the second quarter. Teachers Advisors LLC now owns 243,804 shares of the financial services provider’s stock worth $10,313,000 after buying an additional 188,754 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Employers Holdings by 5.6% in the first quarter. Vanguard Group Inc. now owns 2,797,847 shares of the financial services provider’s stock worth $106,177,000 after buying an additional 147,837 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Employers Holdings by 5.4% in the first quarter. Dimensional Fund Advisors LP now owns 2,350,986 shares of the financial services provider’s stock valued at $89,220,000 after buying an additional 119,843 shares during the period. 77.61% of the stock is owned by institutional investors.
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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