Employers (EIG) to Release Quarterly Earnings on Thursday

Employers (NYSE:EIG - Get Free Report) is scheduled to be releasing its earnings data after the market closes on Thursday, April 25th. Analysts expect Employers to post earnings of $0.69 per share for the quarter. Persons that are interested in registering for the company's earnings conference call can do so using this link.

Employers (NYSE:EIG - Get Free Report) last released its quarterly earnings data on Friday, February 16th. The financial services provider reported $1.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.00 by $0.40. Employers had a return on equity of 10.54% and a net margin of 13.88%. The business had revenue of $225.70 million for the quarter, compared to the consensus estimate of $215.38 million. During the same quarter in the previous year, the company posted $1.25 EPS. The company's revenue was up 1.8% compared to the same quarter last year. On average, analysts expect Employers to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Employers Stock Performance

NYSE:EIG traded up $0.59 during trading hours on Thursday, reaching $43.07. The stock had a trading volume of 103,971 shares, compared to its average volume of 134,364. Employers has a 52 week low of $35.43 and a 52 week high of $46.78. The company has a 50 day moving average price of $44.29 and a two-hundred day moving average price of $41.06. The stock has a market capitalization of $1.09 billion, a PE ratio of 9.64 and a beta of 0.24.

Employers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Wednesday, February 28th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date of this dividend was Tuesday, February 27th. Employers's payout ratio is 25.06%.

Analyst Upgrades and Downgrades

EIG has been the topic of several analyst reports. Janney Montgomery Scott downgraded Employers from a "buy" rating to a "neutral" rating in a research report on Tuesday, February 27th. Truist Financial boosted their target price on Employers from $53.00 to $55.00 and gave the company a "buy" rating in a research report on Tuesday, February 20th.

Hedge Funds Weigh In On Employers

A number of large investors have recently bought and sold shares of the business. Lazard Asset Management LLC bought a new position in Employers in the 3rd quarter valued at $36,000. Point72 Hong Kong Ltd grew its position in Employers by 510.1% in the 1st quarter. Point72 Hong Kong Ltd now owns 970 shares of the financial services provider's stock valued at $40,000 after acquiring an additional 811 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in Employers in the 2nd quarter valued at $80,000. State of Wyoming bought a new position in Employers in the 4th quarter valued at $86,000. Finally, UBS Group AG grew its position in Employers by 1,964.8% in the 3rd quarter. UBS Group AG now owns 2,519 shares of the financial services provider's stock valued at $87,000 after acquiring an additional 2,397 shares during the last quarter. Hedge funds and other institutional investors own 80.49% of the company's stock.

Employers Company Profile

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.