Brokerages expect Employers Holdings, Inc. (NYSE:EIG) to report $0.52 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Employers’ earnings. The highest EPS estimate is $0.65 and the lowest is $0.39. Employers reported earnings of $0.98 per share during the same quarter last year, which would indicate a negative year over year growth rate of 46.9%. The company is expected to report its next quarterly earnings report on Wednesday, October 23rd.
On average, analysts expect that Employers will report full year earnings of $2.73 per share for the current financial year, with EPS estimates ranging from $2.55 to $2.90. For the next year, analysts expect that the business will post earnings of $2.25 per share, with EPS estimates ranging from $1.80 to $2.70. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Employers.
Employers (NYSE:EIG) last posted its earnings results on Wednesday, July 24th. The financial services provider reported $0.90 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.41. The business had revenue of $204.30 million during the quarter, compared to the consensus estimate of $206.19 million. Employers had a return on equity of 12.98% and a net margin of 19.82%. During the same period in the previous year, the business earned $0.94 EPS.
In other Employers news, SVP Lawrence S. Rogers sold 607 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $41.23, for a total transaction of $25,026.61. Following the completion of the sale, the senior vice president now directly owns 9,558 shares of the company’s stock, valued at approximately $394,076.34. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.80% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Northern Trust Corp increased its position in Employers by 0.5% during the 2nd quarter. Northern Trust Corp now owns 1,128,656 shares of the financial services provider’s stock worth $47,708,000 after purchasing an additional 5,923 shares during the period. Norges Bank acquired a new position in Employers during the 4th quarter worth approximately $28,982,000. Man Group plc increased its position in Employers by 12.6% during the 2nd quarter. Man Group plc now owns 441,015 shares of the financial services provider’s stock worth $18,642,000 after purchasing an additional 49,484 shares during the period. Nuveen Asset Management LLC acquired a new position in Employers during the 2nd quarter worth approximately $18,414,000. Finally, Westwood Holdings Group Inc. increased its position in Employers by 43.0% during the 1st quarter. Westwood Holdings Group Inc. now owns 416,439 shares of the financial services provider’s stock worth $16,703,000 after purchasing an additional 125,173 shares during the period. 79.44% of the stock is owned by hedge funds and other institutional investors.
EIG traded up $0.15 on Thursday, hitting $43.27. 201 shares of the company traded hands, compared to its average volume of 134,614. The company has a 50 day moving average of $43.48 and a 200-day moving average of $42.33. The stock has a market capitalization of $1.38 billion, a PE ratio of 10.47 and a beta of 0.74. Employers has a 12-month low of $39.31 and a 12-month high of $47.97.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 21st. Shareholders of record on Wednesday, August 7th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.03%. The ex-dividend date is Tuesday, August 6th. Employers’s dividend payout ratio is presently 21.41%.
Employers Company Profile
Employers Holdings, Inc, through its subsidiaries, operates in the commercial property and casualty insurance industry primarily in the United States. It offers workers' compensation insurance to small businesses in low to medium hazard industries. The company markets its products through independent local, regional, and national agents and brokers; alternative distribution channels comprising its partners; and through national, regional, and local trade groups and associations, as well as directly to customers.
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