Employers Holdings, Inc. (NYSE:EIG) – Analysts at SunTrust Banks lifted their Q1 2019 earnings per share (EPS) estimates for Employers in a note issued to investors on Thursday, October 25th, Zacks Investment Research reports. SunTrust Banks analyst M. Hughes now expects that the financial services provider will earn $0.58 per share for the quarter, up from their prior forecast of $0.56. SunTrust Banks also issued estimates for Employers’ Q2 2019 earnings at $0.67 EPS, Q4 2019 earnings at $0.64 EPS and FY2019 earnings at $2.60 EPS.
Several other brokerages also recently commented on EIG. Zacks Investment Research downgraded shares of Employers from a “buy” rating to a “hold” rating in a report on Tuesday, September 25th. 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 report on Thursday, October 25th.
Shares of Employers stock traded down $1.03 during trading on Monday, hitting $44.12. 121,978 shares of the stock were exchanged, compared to its average volume of 233,425. The firm has a market capitalization of $1.48 billion, a PE ratio of 15.27 and a beta of 0.90. Employers has a 1-year low of $38.35 and a 1-year high of $50.45.
Employers (NYSE:EIG) last released its quarterly earnings data on Wednesday, October 24th. The financial services provider reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.41. The company had revenue of $228.90 million for the quarter, compared to analyst estimates of $205.48 million. Employers had a net margin of 17.89% and a return on equity of 13.43%.
Institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC bought a new stake in shares of Employers during the 3rd quarter worth approximately $136,000. First Citizens Bank & Trust Co. bought a new stake in shares of Employers during the 3rd quarter worth approximately $209,000. Amalgamated Bank bought a new stake in shares of Employers during the 3rd quarter worth approximately $212,000. Itau Unibanco Holding S.A. bought a new stake in shares of Employers during the 2nd quarter worth approximately $218,000. Finally, Crossmark Global Holdings Inc. acquired a new position in Employers during the 3rd quarter worth approximately $225,000. 79.78% of the stock is owned by institutional investors.
In other news, SVP Lawrence S. Rogers sold 1,100 shares of the company’s stock in a transaction that occurred on Wednesday, November 14th. The shares were sold at an average price of $45.40, for a total transaction of $49,940.00. Following the completion of the sale, the senior vice president now owns 7,040 shares of the company’s stock, valued at approximately $319,616. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Lenard T. Ormsby sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, September 17th. The stock was sold at an average price of $46.62, for a total transaction of $186,480.00. Following the sale, the executive vice president now directly owns 23,681 shares of the company’s stock, valued at approximately $1,104,008.22. The disclosure for this sale can be found here. Insiders sold a total of 10,272 shares of company stock valued at $467,888 in the last three months. Insiders own 3.50% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 21st. Shareholders of record on Wednesday, November 7th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date was Tuesday, November 6th. Employers’s dividend payout ratio is currently 27.68%.
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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