Employers Holdings, Inc. (NYSE:EIG) – Equities research analysts at SunTrust Banks raised their Q1 2018 earnings per share (EPS) estimates for shares of Employers in a report released on Thursday. SunTrust Banks analyst M. Hughes now expects that the financial services provider will post earnings of $0.62 per share for the quarter, up from their previous forecast of $0.55. SunTrust Banks currently has a “Buy” rating and a $53.00 target price on the stock. SunTrust Banks also issued estimates for Employers’ Q2 2018 earnings at $0.71 EPS, Q3 2018 earnings at $0.74 EPS, Q4 2018 earnings at $0.68 EPS, Q1 2019 earnings at $0.61 EPS, Q2 2019 earnings at $0.70 EPS, Q3 2019 earnings at $0.72 EPS, Q4 2019 earnings at $0.72 EPS and FY2019 earnings at $2.75 EPS.

A number of other equities analysts also recently issued reports on the stock. ValuEngine downgraded shares of Employers from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. Zacks Investment Research downgraded shares of Employers from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $47.33.

Employers (NYSE EIG) traded down $0.70 on Friday, reaching $42.95. 70,100 shares of the company’s stock were exchanged, compared to its average volume of 95,442. The stock has a market cap of $1,415.60, a P/E ratio of 13.46 and a beta of 1.14. Employers has a 1 year low of $35.60 and a 1 year high of $50.45.

Employers (NYSE:EIG) last posted its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.08. The firm had revenue of $210.50 million for the quarter, compared to the consensus estimate of $193.04 million. Employers had a net margin of 13.32% and a return on equity of 10.39%.

In related news, EVP John P. Nelson sold 3,000 shares of the business’s stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $43.00, for a total value of $129,000.00. Following the transaction, the executive vice president now directly owns 16,977 shares of the company’s stock, valued at approximately $730,011. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP John P. Nelson sold 12,000 shares of the business’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $46.79, for a total transaction of $561,480.00. Following the completion of the transaction, the executive vice president now directly owns 25,977 shares in the company, valued at $1,215,463.83. The disclosure for this sale can be found here. Insiders have sold a total of 86,525 shares of company stock worth $4,179,555 over the last ninety days. Insiders own 3.50% of the company’s stock.

Large investors have recently modified their holdings of the stock. Piedmont Investment Advisors LLC bought a new stake in Employers in the 2nd quarter valued at about $295,000. Royal Bank of Canada increased its position in shares of Employers by 84.3% in the second quarter. Royal Bank of Canada now owns 18,801 shares of the financial services provider’s stock worth $794,000 after purchasing an additional 8,602 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Employers by 1.1% in the third quarter. Dimensional Fund Advisors LP now owns 2,469,965 shares of the financial services provider’s stock worth $112,260,000 after purchasing an additional 27,384 shares during the last quarter. California Public Employees Retirement System increased its position in shares of Employers by 4.1% in the second quarter. California Public Employees Retirement System now owns 69,200 shares of the financial services provider’s stock worth $2,927,000 after purchasing an additional 2,700 shares during the last quarter. Finally, Crossmark Global Holdings Inc. bought a new position in shares of Employers in the third quarter worth approximately $374,000. 77.37% of the stock is currently owned by institutional investors.

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About Employers

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.

Earnings History and Estimates for Employers (NYSE:EIG)

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