Keefe, Bruyette & Woods Increases Eastern Insurance Holdings Price Target to $24.50 (EIHI)
Research analysts at Keefe, Bruyette & Woods boosted their price objective on shares of Eastern Insurance Holdings (NASDAQ:EIHI) from $23.00 to $24.50 in a report released on Wednesday, Analyst Ratings Network.com reports. Keefe, Bruyette & Woods’ price objective points to a potential upside of 0.33% from the stock’s previous close.
Shares of Eastern Insurance Holdings (NASDAQ:EIHI) traded down 0.08% on Wednesday, hitting $24.40. 187,318 shares of the company’s stock traded hands. Eastern Insurance Holdings has a 52-week low of $16.03 and a 52-week high of $24.65. The stock has a 50-day moving average of $20.99 and a 200-day moving average of $19.4. The company has a market cap of $184.5 million and a price-to-earnings ratio of 15.35.
Several other analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of Eastern Insurance Holdings (NASDAQ:EIHI) from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, August 6th. They now have a $23.10 price target on the stock.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 27th. Stockholders of record on Friday, September 13th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend is Wednesday, September 11th.
Eastern Insurance Holdings, Inc is an insurance holding company. EIHI operates through its subsidiaries, a domestic casualty insurance group specializing in workers’ compensation, third-party administration services and a segregated portfolio cell reinsurance business.
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