Weiss Ratings Reiterates Hold (C) Rating for Employers (NYSE:EIG)

Key Points

• Weiss Ratings has reaffirmed a "hold" rating for Employers (NYSE:EIG), while Zacks Research recently upgraded their rating from "strong sell" to "hold".
• The company's stock is currently valued at $41.52, with a market capitalization of approximately $976.04 million and a price-to-earnings ratio of 10.13.
• Employers reported earnings of $0.48 per share for the last quarter, significantly missing analysts' expectations of $0.94, although they achieved a 13.5% increase in quarterly revenue year-over-year.

Employers (NYSE:EIG - Get Free Report)'s stock had its "hold (c)" rating restated by research analysts at Weiss Ratings in a research report issued to clients and investors on Friday,Weiss Ratings reports.

A number of other analysts also recently weighed in on EIG. Zacks Research upgraded Employers from a "strong sell" rating to a "hold" rating in a research report on Monday, September 29th. Wall Street Zen downgraded Employers from a "hold" rating to a "sell" rating in a research report on Monday, August 25th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $58.00.

Employers Price Performance

NYSE:EIG opened at $41.52 on Friday. The business has a 50 day moving average of $42.27 and a 200 day moving average of $45.25. The company has a market capitalization of $976.04 million, a price-to-earnings ratio of 10.13 and a beta of 0.50. Employers has a 1-year low of $38.19 and a 1-year high of $54.44.

Employers (NYSE:EIG - Get Free Report) last released its earnings results on Wednesday, July 30th. The financial services provider reported $0.48 earnings per share for the quarter, missing analysts' consensus estimates of $0.94 by ($0.46). The firm had revenue of $246.30 million during the quarter, compared to the consensus estimate of $217.17 million. Employers had a return on equity of 7.56% and a net margin of 11.37%.The business's quarterly revenue was up 13.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.10 EPS. As a group, sell-side analysts anticipate that Employers will post 3.63 EPS for the current year.

Institutional Trading of Employers

A number of institutional investors have recently made changes to their positions in EIG. GAMMA Investing LLC boosted its stake in shares of Employers by 16.4% during the first quarter. GAMMA Investing LLC now owns 2,147 shares of the financial services provider's stock valued at $109,000 after purchasing an additional 302 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of Employers by 11.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 26,038 shares of the financial services provider's stock valued at $1,319,000 after purchasing an additional 2,714 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Employers by 2.7% during the first quarter. Principal Financial Group Inc. now owns 123,075 shares of the financial services provider's stock valued at $6,233,000 after purchasing an additional 3,226 shares during the period. Cerity Partners LLC purchased a new stake in shares of Employers during the first quarter valued at approximately $671,000. Finally, Victory Capital Management Inc. boosted its stake in shares of Employers by 7.9% during the first quarter. Victory Capital Management Inc. now owns 10,366 shares of the financial services provider's stock valued at $525,000 after purchasing an additional 760 shares during the period. Hedge funds and other institutional investors own 80.49% 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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