Employers Holdings Inc (EIG) Expected to Post FY2017 Earnings of $2.39 Per Share
Employers Holdings Inc (NYSE:EIG) – Investment analysts at SunTrust Banks upped their FY2017 earnings estimates for Employers Holdings in a report released on Thursday. SunTrust Banks analyst M. Hughes now forecasts that the financial services provider will post earnings of $2.39 per share for the year, up from their prior forecast of $2.33. SunTrust Banks currently has a “Buy” rating and a $53.00 target price on the stock. SunTrust Banks also issued estimates for Employers Holdings’ Q1 2018 earnings at $0.55 EPS, Q2 2018 earnings at $0.62 EPS, Q3 2018 earnings at $0.64 EPS, Q4 2018 earnings at $0.59 EPS and FY2018 earnings at $2.40 EPS.
Several other equities research analysts have also commented on EIG. Zacks Investment Research raised shares of Employers Holdings from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a report on Friday, September 15th. BidaskClub lowered shares of Employers Holdings from a “buy” rating to a “hold” rating in a report on Monday, July 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $45.67.
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Employers Holdings (EIG) opened at 47.75 on Monday. The company has a market capitalization of $1.55 billion, a PE ratio of 14.78 and a beta of 1.12. Employers Holdings has a one year low of $29.55 and a one year high of $47.75. The company has a 50-day moving average price of $44.72 and a 200-day moving average price of $42.26.
Employers Holdings (NYSE:EIG) last announced its earnings results on Wednesday, October 25th. The financial services provider reported $0.65 EPS for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.08. Employers Holdings had a return on equity of 10.39% and a net margin of 13.32%. The company had revenue of $210.50 million for the quarter, compared to analysts’ expectations of $193.04 million.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Wednesday, November 8th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend is Tuesday, November 7th. Employers Holdings’s payout ratio is 18.81%.
A number of large investors have recently bought and sold shares of EIG. UBS Asset Management Americas Inc. boosted its holdings in Employers Holdings by 87.1% in the first quarter. UBS Asset Management Americas Inc. now owns 13,842 shares of the financial services provider’s stock valued at $525,000 after purchasing an additional 6,443 shares during the last quarter. OppenheimerFunds Inc. boosted its holdings in Employers Holdings by 20.5% in the first quarter. OppenheimerFunds Inc. now owns 15,748 shares of the financial services provider’s stock valued at $597,000 after purchasing an additional 2,677 shares during the last quarter. Teachers Advisors LLC boosted its holdings in Employers Holdings by 2.6% in the first quarter. Teachers Advisors LLC now owns 55,050 shares of the financial services provider’s stock valued at $2,089,000 after purchasing an additional 1,376 shares during the last quarter. Legal & General Group Plc boosted its holdings in Employers Holdings by 0.4% in the first quarter. Legal & General Group Plc now owns 57,379 shares of the financial services provider’s stock valued at $2,177,000 after purchasing an additional 225 shares during the last quarter. Finally, MARSHALL WACE ASIA Ltd purchased a new stake in Employers Holdings in the first quarter valued at $306,000. 77.52% of the stock is currently owned by institutional investors.
Employers Holdings Company Profile
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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