Employers (NYSE:EIG) Posts Earnings Results, Beats Estimates By $0.13 EPS

Employers (NYSE:EIG) issued its quarterly earnings data on Wednesday. The financial services provider reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.13, FiscalAI reports. Employers had a return on equity of 1.10% and a net margin of 0.95%.The business had revenue of $220.20 million for the quarter, compared to analyst estimates of $203.51 million.

Employers Stock Performance

Employers stock traded down $0.42 during mid-day trading on Wednesday, reaching $49.55. The company had a trading volume of 226,702 shares, compared to its average volume of 260,157. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.14. The firm has a market cap of $903.83 million, a price-to-earnings ratio of 150.16 and a beta of 0.46. The company has a 50 day moving average of $47.74 and a 200-day moving average of $44.16. Employers has a 52 week low of $35.73 and a 52 week high of $52.06.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. grew its position in Employers by 126.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 329,479 shares of the financial services provider’s stock worth $14,224,000 after buying an additional 183,828 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in Employers by 69.9% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 388,769 shares of the financial services provider’s stock valued at $16,783,000 after acquiring an additional 159,956 shares in the last quarter. Qube Research & Technologies Ltd lifted its position in shares of Employers by 93.1% in the 2nd quarter. Qube Research & Technologies Ltd now owns 264,078 shares of the financial services provider’s stock worth $12,459,000 after acquiring an additional 127,330 shares during the period. Bridgeway Capital Management LLC lifted its position in shares of Employers by 326.5% in the 3rd quarter. Bridgeway Capital Management LLC now owns 141,611 shares of the financial services provider’s stock worth $6,016,000 after acquiring an additional 108,411 shares during the period. Finally, UBS Group AG grew its holdings in shares of Employers by 125.0% during the 3rd quarter. UBS Group AG now owns 181,341 shares of the financial services provider’s stock worth $7,703,000 after purchasing an additional 100,751 shares in the last quarter. Institutional investors and hedge funds own 80.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on EIG. Weiss Ratings raised Employers from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, June 26th. Wall Street Zen upgraded Employers from a “sell” rating to a “hold” rating in a report on Saturday, June 13th. Finally, Zacks Research cut shares of Employers from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 1st. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, Employers currently has a consensus rating of “Hold”.

About Employers

Employers Holdings, Inc (NYSE: EIG) is a publicly traded property and casualty insurance holding company headquartered in Des Moines, Iowa. Through its subsidiaries, Employers Mutual Casualty Company and Employers Preferred Insurance Company, the firm specializes in providing workers’ compensation coverage alongside an array of commercial insurance products. Its service offerings include general liability, commercial auto, businessowners policies and umbrella coverages, tailored to meet the risk-management needs of small and mid-sized businesses across multiple industries.

The company markets its insurance solutions primarily through a network of independent agencies and brokers, leveraging local market expertise to underwrite policies that address the unique exposures faced by clients in manufacturing, construction, healthcare, retail and service sectors.