Employers Holdings, Inc. (NYSE:EIG) – Research analysts at Boenning Scattergood issued their Q2 2018 EPS estimates for shares of Employers in a report released on Tuesday, June 19th, according to Zacks Investment Research. Boenning Scattergood analyst R. Farnam forecasts that the financial services provider will post earnings per share of $0.54 for the quarter. Boenning Scattergood currently has a “Neutral” rating on the stock. Boenning Scattergood also issued estimates for Employers’ Q3 2018 earnings at $0.49 EPS, Q4 2018 earnings at $0.80 EPS, FY2018 earnings at $2.70 EPS, Q1 2019 earnings at $0.47 EPS, Q2 2019 earnings at $0.59 EPS, Q3 2019 earnings at $0.61 EPS, Q4 2019 earnings at $0.88 EPS and FY2019 earnings at $2.55 EPS.
Employers (NYSE:EIG) last released its quarterly earnings data on Wednesday, April 25th. The financial services provider reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.33. Employers had a return on equity of 11.45% and a net margin of 13.11%. The firm had revenue of $211.60 million for the quarter, compared to analysts’ expectations of $259.70 million. During the same period in the prior year, the firm posted $0.88 earnings per share. The firm’s quarterly revenue was up 7.1% on a year-over-year basis.
A number of other research firms have also recently commented on EIG. Zacks Investment Research cut Employers from a “buy” rating to a “hold” rating in a report on Tuesday. ValuEngine cut Employers from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $45.33.
Employers opened at $40.20 on Thursday, according to MarketBeat. Employers has a one year low of $38.35 and a one year high of $50.45. The company has a market capitalization of $1.33 billion, a P/E ratio of 12.73 and a beta of 0.98.
In other Employers news, EVP Lenard T. Ormsby sold 1,381 shares of the business’s stock in a transaction that occurred on Thursday, April 5th. The stock was sold at an average price of $42.00, for a total value of $58,002.00. Following the sale, the executive vice president now owns 21,062 shares of the company’s stock, valued at $884,604. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Lenard T. Ormsby sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 19th. The shares were sold at an average price of $40.52, for a total value of $243,120.00. Following the completion of the sale, the executive vice president now directly owns 22,681 shares in the company, valued at approximately $919,034.12. The disclosure for this sale can be found here. In the last three months, insiders sold 15,880 shares of company stock worth $650,322. 3.50% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Millennium Management LLC increased its position in shares of Employers by 191.9% during the first quarter. Millennium Management LLC now owns 600,492 shares of the financial services provider’s stock worth $24,290,000 after acquiring an additional 394,784 shares during the period. BlackRock Inc. increased its position in shares of Employers by 6.8% during the first quarter. BlackRock Inc. now owns 4,429,570 shares of the financial services provider’s stock worth $179,174,000 after acquiring an additional 282,190 shares during the period. Schwab Charles Investment Management Inc. increased its position in shares of Employers by 69.0% during the first quarter. Schwab Charles Investment Management Inc. now owns 393,253 shares of the financial services provider’s stock worth $15,908,000 after acquiring an additional 160,546 shares during the period. Westwood Holdings Group Inc. increased its position in shares of Employers by 18.6% during the first quarter. Westwood Holdings Group Inc. now owns 672,114 shares of the financial services provider’s stock worth $27,187,000 after acquiring an additional 105,398 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Employers by 3.6% during the first quarter. Dimensional Fund Advisors LP now owns 2,594,373 shares of the financial services provider’s stock worth $104,942,000 after acquiring an additional 89,190 shares during the period. 78.38% of the stock is currently owned by institutional investors.
Employers Company Profile
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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