Wall Street brokerages expect Employers Holdings, Inc. (NYSE:EIG) to post earnings per share (EPS) of $0.69 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Employers’ earnings. The lowest EPS estimate is $0.53 and the highest is $0.85. Employers reported earnings per share of $1.06 in the same quarter last year, which would suggest a negative year-over-year growth rate of 34.9%. The firm is expected to issue its next earnings report after the market closes on Wednesday, February 20th.
On average, analysts expect that Employers will report full-year earnings of $3.49 per share for the current financial year, with EPS estimates ranging from $3.33 to $3.65. For the next year, analysts forecast that the company will post earnings of $2.68 per share, with EPS estimates ranging from $2.60 to $2.75. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that cover Employers.
Several equities analysts have recently issued reports on EIG shares. Boenning Scattergood upgraded Employers from a “neutral” rating to an “outperform” rating and set a $47.00 target price for the company in a research report on Thursday, October 25th. Zacks Investment Research lowered Employers from a “buy” rating to a “hold” rating in a research report on Wednesday, January 23rd.
Shares of Employers stock traded up $0.48 during trading on Thursday, hitting $45.85. 175,900 shares of the company were exchanged, compared to its average volume of 133,655. The firm has a market capitalization of $1.49 billion, a P/E ratio of 15.87 and a beta of 0.65. Employers has a 1-year low of $38.35 and a 1-year high of $47.97.
In related news, EVP Lenard T. Ormsby sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, December 17th. The stock was sold at an average price of $42.29, for a total value of $126,870.00. Following the completion of the transaction, the executive vice president now directly owns 22,681 shares in the company, valued at approximately $959,179.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.00% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Employers by 27.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,555 shares of the financial services provider’s stock valued at $107,000 after purchasing an additional 547 shares during the period. Tower Research Capital LLC TRC bought a new stake in Employers in the 3rd quarter valued at approximately $136,000. First Citizens Bank & Trust Co. bought a new stake in Employers in the 3rd quarter valued at approximately $209,000. Amalgamated Bank bought a new stake in Employers in the 3rd quarter valued at approximately $212,000. Finally, Crossmark Global Holdings Inc. bought a new stake in Employers in the 3rd quarter valued at approximately $225,000. Institutional investors and hedge funds own 81.84% of the company’s stock.
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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