Employers (NYSE:EIG) Upgraded by Wall Street Zen to Hold Rating

Employers (NYSE:EIG) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.

EIG has been the topic of a number of other research reports. Zacks Research lowered Employers from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Employers in a research report on Friday, May 29th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Employers Stock Down 0.5%

Employers stock opened at $46.20 on Friday. Employers has a twelve month low of $35.73 and a twelve month high of $47.91. The stock’s fifty day simple moving average is $42.99 and its 200-day simple moving average is $42.38. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $842.71 million, a P/E ratio of 140.00 and a beta of 0.49.

Employers (NYSE:EIG) last posted its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.02). Employers had a return on equity of 1.10% and a net margin of 0.95%.The company had revenue of $207.60 million for the quarter, compared to analysts’ expectations of $213.04 million. During the same period in the prior year, the company posted $0.87 EPS. The firm’s revenue was up 2.5% compared to the same quarter last year. As a group, equities analysts expect that Employers will post 2.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Employers

Large investors have recently bought and sold shares of the business. Azarias Capital Management L.P. purchased a new position in Employers in the fourth quarter valued at $2,983,000. Legato Capital Management LLC increased its holdings in Employers by 230.7% in the fourth quarter. Legato Capital Management LLC now owns 34,479 shares of the financial services provider’s stock valued at $1,488,000 after buying an additional 24,053 shares during the last quarter. Intech Investment Management LLC increased its holdings in Employers by 719.3% in the fourth quarter. Intech Investment Management LLC now owns 95,115 shares of the financial services provider’s stock valued at $4,106,000 after buying an additional 83,506 shares during the last quarter. Teacher Retirement System of Texas increased its holdings in Employers by 24.4% in the fourth quarter. Teacher Retirement System of Texas now owns 139,159 shares of the financial services provider’s stock valued at $6,007,000 after buying an additional 27,299 shares during the last quarter. Finally, WINTON GROUP Ltd purchased a new position in Employers in the fourth quarter valued at $1,606,000. Hedge funds and other institutional investors own 80.49% of the company’s stock.

About Employers

Employers Holdings, Inc (NYSE: EIG) is a publicly traded property and casualty insurance holding company headquartered in Des Moines, Iowa. Through its subsidiaries, Employers Mutual Casualty Company and Employers Preferred Insurance Company, the firm specializes in providing workers’ compensation coverage alongside an array of commercial insurance products. Its service offerings include general liability, commercial auto, businessowners policies and umbrella coverages, tailored to meet the risk-management needs of small and mid-sized businesses across multiple industries.

The company markets its insurance solutions primarily through a network of independent agencies and brokers, leveraging local market expertise to underwrite policies that address the unique exposures faced by clients in manufacturing, construction, healthcare, retail and service sectors.