Equities research analysts expect Employers Holdings, Inc. (NYSE:EIG) to report $214.73 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Employers’ earnings. The highest sales estimate is $225.70 million and the lowest is $203.77 million. Employers posted sales of $188.00 million in the same quarter last year, which suggests a positive year-over-year growth rate of 14.2%. The company is expected to report its next quarterly earnings results on Wednesday, April 24th.
On average, analysts expect that Employers will report full-year sales of $832.05 million for the current year, with estimates ranging from $820.20 million to $843.90 million. For the next financial year, analysts anticipate that the company will post sales of $842.21 million, with estimates ranging from $837.80 million to $846.62 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Employers.
Employers (NYSE:EIG) last issued its earnings results on Wednesday, February 20th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.62. The company had revenue of $205.80 million during the quarter, compared to analyst estimates of $198.98 million. Employers had a return on equity of 14.04% and a net margin of 17.09%. During the same quarter last year, the business posted $1.06 EPS.
Separately, Zacks Investment Research downgraded Employers from a “buy” rating to a “hold” rating in a research report on Wednesday, February 20th.
In other news, SVP Lawrence S. Rogers sold 1,495 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $40.34, for a total transaction of $60,308.30. Following the sale, the senior vice president now directly owns 11,987 shares in the company, valued at approximately $483,555.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Valerie R. Glenn sold 10,000 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $41.80, for a total value of $418,000.00. Following the sale, the director now owns 30,957 shares in the company, valued at $1,294,002.60. The disclosure for this sale can be found here. Insiders have sold a total of 14,495 shares of company stock worth $605,178 over the last ninety days. 3.00% of the stock is owned by insiders.
Several large investors have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Employers by 27.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,555 shares of the financial services provider’s stock worth $107,000 after buying an additional 547 shares during the last quarter. Tower Research Capital LLC TRC acquired a new stake in Employers in the 3rd quarter worth about $136,000. Amalgamated Bank acquired a new stake in Employers in the 3rd quarter worth about $212,000. Crossmark Global Holdings Inc. acquired a new stake in Employers in the 3rd quarter worth about $225,000. Finally, Verition Fund Management LLC acquired a new stake in Employers in the 3rd quarter worth about $287,000. Hedge funds and other institutional investors own 79.96% of the company’s stock.
EIG traded down $0.33 during midday trading on Friday, hitting $41.15. 4,298 shares of the company were exchanged, compared to its average volume of 166,064. The company has a market capitalization of $1.35 billion, a P/E ratio of 10.00 and a beta of 0.78. Employers has a 1-year low of $39.10 and a 1-year high of $47.97.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 20th. Shareholders of record on Wednesday, March 6th will be given a dividend of $0.22 per share. This is an increase from Employers’s previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a yield of 2.14%. The ex-dividend date of this dividend is Tuesday, March 5th. Employers’s dividend payout ratio (DPR) is currently 21.41%.
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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