Analysts predict that Employers Holdings, Inc. (NYSE:EIG) will post earnings per share of $0.69 for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Employers’ earnings. The highest EPS estimate is $0.85 and the lowest is $0.53. Employers posted earnings per share of $1.06 during the same quarter last year, which would indicate a negative year-over-year growth rate of 34.9%. The company is scheduled to report its next earnings results after the market closes on Wednesday, February 20th.
According to Zacks, analysts expect that Employers will report full year earnings of $3.49 per share for the current year, with EPS estimates ranging from $3.33 to $3.65. For the next fiscal year, analysts forecast that the company will report earnings of $2.68 per share, with EPS estimates ranging from $2.60 to $2.75. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that follow Employers.
A number of equities research analysts have issued reports on the stock. Zacks Investment Research lowered shares of Employers from a “buy” rating to a “hold” rating in a report on Tuesday. Boenning Scattergood raised shares of Employers from a “neutral” rating to an “outperform” rating and set a $47.00 target price for the company in a research report on Thursday, October 25th.
In other news, EVP Lenard T. Ormsby sold 3,000 shares of the firm’s stock in a transaction dated Monday, December 17th. The shares were sold at an average price of $42.29, for a total value of $126,870.00. Following the completion of the sale, the executive vice president now directly owns 22,681 shares of the company’s stock, valued at approximately $959,179.49. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 3.00% of the company’s stock.
Several large investors have recently bought and sold shares of the company. BlackRock Inc. lifted its position in shares of Employers by 0.5% in the 3rd quarter. BlackRock Inc. now owns 4,803,289 shares of the financial services provider’s stock worth $217,589,000 after purchasing an additional 22,889 shares during the period. Vanguard Group Inc. lifted its position in shares of Employers by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 3,146,040 shares of the financial services provider’s stock worth $142,516,000 after purchasing an additional 41,983 shares during the period. Vanguard Group Inc lifted its position in shares of Employers by 1.4% in the 3rd quarter. Vanguard Group Inc now owns 3,146,040 shares of the financial services provider’s stock worth $142,516,000 after purchasing an additional 41,983 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Employers by 2.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,753,883 shares of the financial services provider’s stock worth $124,750,000 after purchasing an additional 69,452 shares during the period. Finally, Loomis Sayles & Co. L P lifted its position in shares of Employers by 0.8% in the 3rd quarter. Loomis Sayles & Co. L P now owns 474,404 shares of the financial services provider’s stock worth $21,491,000 after purchasing an additional 3,795 shares during the period. 81.84% of the stock is owned by hedge funds and other institutional investors.
Shares of Employers stock opened at $44.62 on Thursday. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 15.44 and a beta of 0.65. Employers has a 12-month low of $38.35 and a 12-month high of $47.97.
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; and alternative distribution channels comprising its partners, as well as through national, regional, and local trade groups and associations.
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