Brokerages expect that Employers Holdings, Inc. (NYSE:EIG) will post earnings of $0.53 per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Employers’ earnings. The highest EPS estimate is $0.65 and the lowest is $0.40. Employers posted earnings per share of $0.88 during the same quarter last year, which would suggest a negative year over year growth rate of 39.8%. The business is expected to announce its next earnings results on Wednesday, April 24th.
According to Zacks, analysts expect that Employers will report full year earnings of $2.13 per share for the current fiscal year, with EPS estimates ranging from $1.70 to $2.55. For the next year, analysts forecast that the company will post earnings of $2.30 per share, with EPS estimates ranging from $1.95 to $2.65. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that that provide coverage for Employers.
Employers (NYSE:EIG) last released its earnings results on Wednesday, February 20th. The financial services provider reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.62. Employers had a net margin of 17.09% and a return on equity of 14.04%. The business had revenue of $205.80 million for the quarter, compared to the consensus estimate of $198.98 million. During the same period in the previous year, the firm earned $1.06 EPS.
Separately, Zacks Investment Research upgraded shares of Employers from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a report on Monday, January 21st.
Shares of NYSE EIG traded down $0.33 during midday trading on Friday, reaching $41.15. The company’s stock had a trading volume of 4,298 shares, compared to its average volume of 166,064. Employers has a one year low of $39.10 and a one year high of $47.97. The company has a market capitalization of $1.35 billion, a P/E ratio of 10.00 and a beta of 0.78.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 20th. Investors of record on Wednesday, March 6th will be issued a $0.22 dividend. This is an increase from Employers’s previous quarterly dividend of $0.20. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date is Tuesday, March 5th. Employers’s payout ratio is presently 21.41%.
In other news, SVP Lawrence S. Rogers sold 1,495 shares of Employers stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $40.34, for a total value of $60,308.30. Following the transaction, the senior vice president now directly owns 11,987 shares of the company’s stock, valued at $483,555.58. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Valerie R. Glenn sold 10,000 shares of Employers stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $41.80, for a total transaction of $418,000.00. Following the completion of the transaction, the director now directly owns 30,957 shares in the company, valued at $1,294,002.60. The disclosure for this sale can be found here. Insiders sold a total of 14,495 shares of company stock worth $605,178 over the last quarter. Insiders own 3.00% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Employers by 27.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,555 shares of the financial services provider’s stock worth $107,000 after acquiring an additional 547 shares in the last quarter. Tower Research Capital LLC TRC purchased a new position in shares of Employers in the third quarter worth approximately $136,000. Amalgamated Bank purchased a new position in shares of Employers in the third quarter worth approximately $212,000. Crossmark Global Holdings Inc. purchased a new position in shares of Employers in the third quarter worth approximately $225,000. Finally, Verition Fund Management LLC purchased a new position in shares of Employers in the third quarter worth approximately $287,000. 79.96% of the stock is currently owned by institutional investors and hedge funds.
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.
Featured Story: Trading Ex-Dividend
Get a free copy of the Zacks research report on Employers (EIG)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Employers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Employers and related companies with MarketBeat.com's FREE daily email newsletter.