Wall Street analysts predict that Employers Holdings, Inc. (NYSE:EIG) will announce $160.36 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Employers’ earnings. The highest sales estimate is $161.00 million and the lowest is $159.71 million. Employers reported sales of $188.10 million in the same quarter last year, which would suggest a negative year over year growth rate of 14.7%. The firm is expected to announce its next earnings report on Thursday, April 22nd.
On average, analysts expect that Employers will report full-year sales of $657.09 million for the current fiscal year, with estimates ranging from $655.20 million to $658.97 million. For the next year, analysts forecast that the business will post sales of $676.90 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Employers.
Employers (NYSE:EIG) last posted its quarterly earnings data on Tuesday, February 16th. The financial services provider reported $1.46 EPS for the quarter, beating the consensus estimate of $0.41 by $1.05. Employers had a net margin of 11.32% and a return on equity of 5.85%.
EIG traded down $0.05 during trading on Tuesday, hitting $33.40. The company had a trading volume of 255,186 shares, compared to its average volume of 159,282. The company has a market capitalization of $969.30 million, a PE ratio of 11.66 and a beta of -0.03. Employers has a one year low of $25.53 and a one year high of $43.01. The firm’s 50-day moving average price is $32.27 and its 200 day moving average price is $32.16.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 17th. Shareholders of record on Wednesday, March 3rd will be paid a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, March 2nd. This represents a $1.00 annualized dividend and a yield of 2.99%. Employers’s payout ratio is currently 31.25%.
In other Employers news, Director James R. Kroner purchased 3,200 shares of the stock in a transaction on Monday, November 30th. The shares were purchased at an average cost of $30.78 per share, for a total transaction of $98,496.00. Following the purchase, the director now owns 3,969 shares of the company’s stock, valued at $122,165.82. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.90% of the stock is currently owned by insiders.
Institutional investors have recently added to or reduced their stakes in the company. Denali Advisors LLC increased its stake in shares of Employers by 19.3% during the 4th quarter. Denali Advisors LLC now owns 77,900 shares of the financial services provider’s stock worth $2,508,000 after purchasing an additional 12,600 shares during the last quarter. Exchange Traded Concepts LLC increased its stake in shares of Employers by 22.9% during the 3rd quarter. Exchange Traded Concepts LLC now owns 20,442 shares of the financial services provider’s stock worth $618,000 after purchasing an additional 3,813 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in shares of Employers by 63.8% during the 3rd quarter. Louisiana State Employees Retirement System now owns 13,500 shares of the financial services provider’s stock worth $408,000 after purchasing an additional 5,260 shares during the last quarter. Mackay Shields LLC increased its stake in shares of Employers by 23.4% during the 3rd quarter. Mackay Shields LLC now owns 59,004 shares of the financial services provider’s stock worth $1,785,000 after purchasing an additional 11,200 shares during the last quarter. Finally, KBC Group NV acquired a new position in shares of Employers during the 3rd quarter worth about $48,000. Institutional investors own 79.13% of the company’s stock.
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; alternative distribution channels; and national, regional, and local trade groups and associations, as well as directly to customers.
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