Wall Street analysts expect that Employers Holdings, Inc. (NYSE:EIG) will report earnings of $0.55 per share for the current quarter, according to Zacks. Two analysts have provided estimates for Employers’ earnings. The lowest EPS estimate is $0.51 and the highest is $0.59. Employers reported earnings of $0.65 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 15.4%. The business is scheduled to announce its next quarterly earnings report after the market closes on Wednesday, October 24th.
On average, analysts expect that Employers will report full-year earnings of $3.04 per share for the current financial year, with EPS estimates ranging from $2.92 to $3.15. For the next financial year, analysts expect that the firm will post earnings of $2.60 per share, with EPS estimates ranging from $2.55 to $2.65. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that follow Employers.
Employers (NYSE:EIG) last announced its quarterly earnings data on Wednesday, July 25th. The financial services provider reported $0.94 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.38. Employers had a return on equity of 12.51% and a net margin of 15.10%. The firm had revenue of $204.10 million for the quarter, compared to analysts’ expectations of $203.79 million.
In other Employers news, EVP John P. Nelson sold 7,698 shares of the firm’s stock in a transaction dated Thursday, July 26th. The shares were sold at an average price of $44.78, for a total value of $344,716.44. Following the completion of the sale, the executive vice president now directly owns 20,434 shares in the company, valued at $915,034.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Lenard T. Ormsby sold 2,904 shares of the firm’s stock in a transaction dated Tuesday, October 16th. The stock was sold at an average price of $43.00, for a total transaction of $124,872.00. Following the completion of the sale, the executive vice president now owns 19,777 shares of the company’s stock, valued at $850,411. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,870 shares of company stock valued at $762,664. 3.50% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of EIG. BlackRock Inc. lifted its holdings in Employers by 6.8% in the first quarter. BlackRock Inc. now owns 4,429,570 shares of the financial services provider’s stock worth $179,174,000 after buying an additional 282,190 shares during the period. JPMorgan Chase & Co. lifted its holdings in Employers by 6.8% in the first quarter. JPMorgan Chase & Co. now owns 66,386 shares of the financial services provider’s stock worth $2,685,000 after buying an additional 4,225 shares during the period. New York State Common Retirement Fund lifted its holdings in Employers by 30.0% in the first quarter. New York State Common Retirement Fund now owns 54,710 shares of the financial services provider’s stock worth $2,213,000 after buying an additional 12,620 shares during the period. Russell Investments Group Ltd. lifted its holdings in Employers by 7.3% in the first quarter. Russell Investments Group Ltd. now owns 65,109 shares of the financial services provider’s stock worth $2,634,000 after buying an additional 4,445 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in Employers by 3.3% in the first quarter. Principal Financial Group Inc. now owns 267,523 shares of the financial services provider’s stock worth $10,821,000 after buying an additional 8,510 shares during the period. Institutional investors and hedge funds own 78.62% of the company’s stock.
Shares of NYSE:EIG traded down $0.09 on Friday, reaching $42.41. 64,100 shares of the company traded hands, compared to its average volume of 123,889. Employers has a 52 week low of $38.35 and a 52 week high of $50.45. The stock has a market capitalization of $1.41 billion, a P/E ratio of 14.67 and a beta of 1.00.
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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