Employers (NYSE:EIG - Get Free Report) released its quarterly earnings results on Thursday. The financial services provider reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.02), Briefing.com reports. The firm had revenue of $223.10 million for the quarter, compared to the consensus estimate of $217.46 million. Employers had a net margin of 13.88% and a return on equity of 10.54%. Employers's quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.60 earnings per share.
Employers Stock Up 1.1 %
EIG stock traded up $0.48 during trading on Friday, reaching $43.99. The company's stock had a trading volume of 301,795 shares, compared to its average volume of 137,102. Employers has a 1 year low of $35.43 and a 1 year high of $46.78. The company has a market capitalization of $1.11 billion, a P/E ratio of 9.50 and a beta of 0.24. The company's fifty day moving average is $44.52 and its 200-day moving average is $41.24.
Employers Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Wednesday, February 28th were paid a $0.28 dividend. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $1.12 dividend on an annualized basis and a yield of 2.55%. Employers's payout ratio is presently 25.06%.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on EIG shares. Truist Financial raised their target price on Employers from $53.00 to $55.00 and gave the stock a "buy" rating in a report on Tuesday, February 20th. Janney Montgomery Scott cut Employers from a "buy" rating to a "neutral" rating in a report on Tuesday, February 27th.
Check Out Our Latest Stock Report on Employers
Employers Company Profile
(
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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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