DOWLING & PARTN Comments on Employers FY2028 Earnings

Employers Holdings Inc (NYSE:EIG) – DOWLING & PARTN issued their FY2028 EPS estimates for shares of Employers in a research note issued on Friday, July 31st. DOWLING & PARTN analyst P. Christensen forecasts that the financial services provider will post earnings of $3.00 per share for the year. The consensus estimate for Employers’ current full-year earnings is $2.22 per share.

Several other equities analysts have also recently weighed in on EIG. Weiss Ratings upgraded shares of Employers from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, June 26th. Truist Financial upped their target price on shares of Employers from $49.00 to $59.00 and gave the company a “buy” rating in a report on Friday. Wall Street Zen upgraded shares of Employers from a “sell” rating to a “hold” rating in a research 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. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Employers currently has a consensus rating of “Hold” and an average price target of $59.00.

Employers Stock Up 0.1%

EIG stock opened at $50.62 on Tuesday. The company has a market cap of $909.19 million, a price-to-earnings ratio of 73.37 and a beta of 0.47. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.39 and a current ratio of 0.39. The business’s 50-day moving average is $48.27 and its two-hundred day moving average is $44.34. Employers has a fifty-two week low of $35.73 and a fifty-two week high of $52.59.

Employers (NYSE:EIG) last released its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.13. Employers had a return on equity of 1.30% and a net margin of 0.91%.The firm had revenue of $220.20 million for the quarter, compared to the consensus estimate of $203.51 million. During the same period last year, the business posted $0.48 EPS. The company’s revenue for the quarter was down 10.6% on a year-over-year basis.

Employers Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Wednesday, August 12th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Wednesday, August 12th. Employers’s dividend payout ratio is currently 197.10%.

Institutional Investors Weigh In On Employers

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EIG. Royal Bank of Canada lifted its holdings in Employers by 32.8% during the first quarter. Royal Bank of Canada now owns 6,037 shares of the financial services provider’s stock valued at $306,000 after purchasing an additional 1,490 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Employers by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,685 shares of the financial services provider’s stock worth $744,000 after purchasing an additional 644 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Employers by 9.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 67,992 shares of the financial services provider’s stock valued at $3,443,000 after purchasing an additional 5,696 shares during the period. Jane Street Group LLC raised its position in shares of Employers by 738.8% during the 1st quarter. Jane Street Group LLC now owns 40,448 shares of the financial services provider’s stock valued at $2,048,000 after purchasing an additional 35,626 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of Employers by 8.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 81,609 shares of the financial services provider’s stock valued at $3,850,000 after buying an additional 6,410 shares in the last quarter. Institutional investors own 80.49% of the company’s stock.

Employers Company Profile

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.