Employers Holdings Inc (EIG) Given Consensus Recommendation of “Hold” by Analysts
Shares of Employers Holdings Inc (NYSE:EIG) have received an average rating of “Hold” from the six research firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $47.33.
A number of research analysts have recently commented on EIG shares. Zacks Investment Research upgraded shares of Employers Holdings from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a research report on Friday, September 15th. SunTrust Banks, Inc. restated a “buy” rating and set a $53.00 price target on shares of Employers Holdings in a research report on Friday, October 27th.
A number of large investors have recently made changes to their positions in EIG. Riverhead Capital Management LLC grew its position in Employers Holdings by 64.5% in the second quarter. Riverhead Capital Management LLC now owns 2,797 shares of the financial services provider’s stock worth $118,000 after acquiring an additional 1,097 shares in the last quarter. Ifrah Financial Services Inc. purchased a new stake in Employers Holdings during the second quarter valued at about $205,000. Stifel Financial Corp purchased a new stake in Employers Holdings during the second quarter valued at about $214,000. First Allied Advisory Services Inc. purchased a new stake in Employers Holdings during the second quarter valued at about $215,000. Finally, State of Alaska Department of Revenue boosted its position in Employers Holdings by 79.6% during the second quarter. State of Alaska Department of Revenue now owns 6,376 shares of the financial services provider’s stock valued at $269,000 after buying an additional 2,826 shares during the period. Institutional investors own 77.02% of the company’s stock.
Employers Holdings (NYSE:EIG) last released its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.08. The firm had revenue of $210.50 million during the quarter, compared to analyst estimates of $193.04 million. Employers Holdings had a net margin of 13.32% and a return on equity of 10.39%. analysts forecast that Employers Holdings will post 2.39 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Wednesday, November 8th will be given a $0.15 dividend. The ex-dividend date is Tuesday, November 7th. This represents a $0.60 annualized dividend and a yield of 1.24%. Employers Holdings’s dividend payout ratio (DPR) is presently 18.75%.
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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