Employers Holdings Inc (EIG) Reaches New 52-Week High at $49.15
Shares of Employers Holdings Inc (NYSE:EIG) reached a new 52-week high on Thursday . The stock traded as high as $49.15 and last traded at $0.00, with a volume of shares traded.
Several analysts have weighed in on EIG shares. Zacks Investment Research downgraded shares of Employers Holdings from a “buy” rating to a “hold” rating in a research note on Friday, September 8th. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $53.00 price objective on shares of Employers Holdings in a research note on Friday, October 27th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. Employers Holdings currently has a consensus rating of “Hold” and a consensus target price of $47.33.
Employers Holdings (NYSE:EIG) last released its earnings results on Wednesday, October 25th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.08. The firm had revenue of $210.50 million during the quarter, compared to analyst estimates of $193.04 million. Employers Holdings had a net margin of 13.32% and a return on equity of 10.39%.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 8th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, November 7th. This represents a $0.60 annualized dividend and a dividend yield of 1.26%. Employers Holdings’s dividend payout ratio (DPR) is presently 18.81%.
Institutional investors have recently added to or reduced their stakes in the company. Piedmont Investment Advisors LLC bought a new stake in shares of Employers Holdings in the 2nd quarter worth about $295,000. Prudential Financial Inc. lifted its holdings in Employers Holdings by 12.6% during the 2nd quarter. Prudential Financial Inc. now owns 402,566 shares of the financial services provider’s stock valued at $17,028,000 after buying an additional 45,088 shares in the last quarter. Aviance Capital Partners LLC lifted its holdings in Employers Holdings by 1.0% during the 2nd quarter. Aviance Capital Partners LLC now owns 45,765 shares of the financial services provider’s stock valued at $1,936,000 after buying an additional 448 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Employers Holdings by 5.6% during the 1st quarter. Vanguard Group Inc. now owns 2,797,847 shares of the financial services provider’s stock valued at $106,177,000 after buying an additional 147,837 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its holdings in Employers Holdings by 16.4% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 206,806 shares of the financial services provider’s stock valued at $7,849,000 after buying an additional 29,143 shares in the last quarter. Hedge funds and other institutional investors own 77.52% of the company’s stock.
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Employers Holdings Company Profile
Employers Holdings, Inc is a holding company. Through its insurance subsidiaries, the Company provides workers’ compensation insurance coverage to select, small businesses in low to medium hazard industries. It provides workers’ compensation insurance under a statutory system wherein employers are required to provide coverage for their employees’ medical, disability, vocational rehabilitation, and/or death benefit costs for work-related injuries or illnesses.
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