Employers (NYSE:EIG) Posts Earnings Results, Beats Estimates By $0.18 EPS

Employers (NYSE:EIG - Get Free Report) announced its quarterly earnings data on Thursday. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.69 by $0.18, Zacks reports. Employers had a return on equity of 8.99% and a net margin of 13.47%. The company had revenue of $202.60 million during the quarter, compared to the consensus estimate of $216.81 million. During the same period in the previous year, the company posted $0.67 EPS. The firm's revenue was down 9.2% on a year-over-year basis.

Employers Stock Performance

EIG opened at $49.33 on Friday. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 10.47 and a beta of 0.29. The firm's fifty day moving average is $49.23 and its 200 day moving average is $50.07. Employers has a fifty-two week low of $40.57 and a fifty-two week high of $54.44.

Employers Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Wednesday, May 14th will be paid a $0.32 dividend. The ex-dividend date is Wednesday, May 14th. This is a boost from Employers's previous quarterly dividend of $0.30. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.59%. Employers's dividend payout ratio is 25.48%.

Insiders Place Their Bets

In other Employers news, insider Ann Marie Smith sold 1,385 shares of the stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $51.24, for a total transaction of $70,967.40. Following the completion of the sale, the insider now directly owns 8,801 shares of the company's stock, valued at $450,963.24. This trade represents a 13.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director James R. Kroner sold 1,000 shares of the business's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $52.00, for a total transaction of $52,000.00. Following the completion of the transaction, the director now directly owns 22,458 shares in the company, valued at $1,167,816. This trade represents a 4.26 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,385 shares of company stock worth $276,267. Corporate insiders own 1.40% of the company's stock.

About Employers

Employers Holdings, Inc, through its subsidiaries, operates in the commercial property and casualty insurance industry primarily in the United States. The company operates in two segments, Employers and Cerity. It offers workers' compensation insurance to small businesses in low to medium hazard industries under the Employers and Cerity brands.

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