News articles about Employers (NYSE:EIG) have been trending positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Employers earned a news sentiment score of 0.30 on Accern’s scale. Accern also assigned media coverage about the financial services provider an impact score of 44.9633985371542 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
A number of research firms recently issued reports on EIG. Zacks Investment Research downgraded shares of Employers from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th. ValuEngine raised shares of Employers from a “hold” rating to a “buy” rating in a research note on Saturday, February 3rd. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. Employers currently has an average rating of “Hold” and an average target price of $46.00.
Shares of EIG opened at $41.60 on Friday. Employers has a twelve month low of $37.95 and a twelve month high of $50.45. The firm has a market capitalization of $1,358.93, a PE ratio of 14.39 and a beta of 1.00.
Employers (NYSE:EIG) last announced its earnings results on Wednesday, February 21st. The financial services provider reported $1.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.50. Employers had a net margin of 12.67% and a return on equity of 10.51%. The business had revenue of $200.70 million for the quarter, compared to the consensus estimate of $200.31 million. During the same quarter in the prior year, the firm posted $0.95 earnings per share. sell-side analysts expect that Employers will post 2.25 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 21st. Stockholders of record on Wednesday, March 7th were paid a $0.20 dividend. The ex-dividend date was Tuesday, March 6th. This represents a $0.80 annualized dividend and a dividend yield of 1.92%. This is an increase from Employers’s previous quarterly dividend of $0.15. Employers’s dividend payout ratio is currently 27.68%.
In other news, EVP John P. Nelson sold 2,000 shares of the stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $43.23, for a total value of $86,460.00. Following the sale, the executive vice president now owns 28,672 shares of the company’s stock, valued at $1,239,490.56. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Lenard T. Ormsby sold 1,381 shares of the stock in a transaction on Thursday, April 5th. The shares were sold at an average price of $42.00, for a total transaction of $58,002.00. Following the completion of the sale, the executive vice president now directly owns 21,062 shares in the company, valued at approximately $884,604. The disclosure for this sale can be found here. In the last three months, insiders sold 8,000 shares of company stock worth $338,460. Insiders own 3.50% of the company’s stock.
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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; and alternative distribution channels comprising its partners, as well as through national, regional, and local trade groups and associations.
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