Employers (NYSE:EIG) released its earnings results on Wednesday. The financial services provider reported $1.06 EPS for the quarter, beating the consensus estimate of $0.56 by $0.50, Bloomberg Earnings reports. Employers had a net margin of 13.32% and a return on equity of 10.39%. During the same period last year, the company posted $0.95 EPS.
Employers (NYSE:EIG) opened at $40.50 on Thursday. Employers has a 1-year low of $35.90 and a 1-year high of $50.45. The company has a market cap of $1,302.09, a PE ratio of 12.70 and a beta of 1.05.
Several research firms have commented on EIG. ValuEngine raised shares of Employers from a “hold” rating to a “buy” rating in a report on Saturday, February 3rd. Zacks Investment Research raised shares of Employers from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a report on Monday, January 22nd. Finally, SunTrust Banks reissued a “buy” rating and issued a $53.00 target price on shares of Employers in a report on Friday, October 27th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $46.00.
In other news, EVP John P. Nelson sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $43.00, for a total value of $129,000.00. Following the sale, the executive vice president now directly owns 16,977 shares in the company, valued at approximately $730,011. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Douglas D. Dirks sold 58,300 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $49.55, for a total transaction of $2,888,765.00. Following the completion of the sale, the chief executive officer now owns 331,145 shares in the company, valued at $16,408,234.75. The disclosure for this sale can be found here. Over the last three months, insiders sold 91,204 shares of company stock worth $4,381,909. Insiders own 3.50% of the company’s stock.
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Employers 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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