Employers (EIG) Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Employers in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" EIG shares.
View EIG analyst ratings or view top-rated stocks.

2 equities research analysts have issued 1-year price targets for Employers' shares. Their EIG share price forecasts range from $50.00 to $53.00. On average, they predict the company's share price to reach $51.50 in the next year. This suggests a possible upside of 28.9% from the stock's current price.
View analysts price targets for EIG or view top-rated stocks among Wall Street analysts.

Employers' stock was trading at $43.13 at the beginning of 2023. Since then, EIG shares have decreased by 7.4% and is now trading at $39.95.
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Employers saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 352,900 shares, an increase of 36.4% from the August 15th total of 258,700 shares. Based on an average daily trading volume, of 123,100 shares, the short-interest ratio is presently 2.9 days. Approximately 1.4% of the company's stock are short sold.
View Employers' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our EIG earnings forecast.

Employers Holdings, Inc. (NYSE:EIG) announced its quarterly earnings results on Wednesday, July, 26th. The financial services provider reported $1.17 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.27. The financial services provider earned $215.20 million during the quarter, compared to the consensus estimate of $210.79 million. Employers had a net margin of 14.72% and a trailing twelve-month return on equity of 10.32%. The firm's revenue for the quarter was up 59.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.79 EPS.

Employers declared a quarterly dividend on Wednesday, July 26th. Stockholders of record on Wednesday, August 9th will be paid a dividend of $0.28 per share on Wednesday, August 23rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date is Tuesday, August 8th.
Read our dividend analysis for EIG.

ETFs with the largest weight of Employers (NYSE:EIG) stock in their portfolio include ETC 6 Meridian Small Cap Equity ETF (SIXS) and Hypatia Women Ceo ETF (WCEO).iShares U.S. Insurance ETF (IAK).

Employers (NYSE:EIG) pays an annual dividend of $1.12 per share and currently has a dividend yield of 2.74%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 24.45%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, EIG will have a dividend payout ratio of 32.65% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for EIG.

92 employees have rated Employers Chief Executive Officer Douglas D. Dirks on Glassdoor.com. Douglas D. Dirks has an approval rating of 92% among the company's employees. This puts Douglas D. Dirks in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Employers investors own include Pfizer (PFE), SFL (SFL), AbbVie (ABBV), Carnival Co. & (CCL), Delta Air Lines (DAL), Advanced Micro Devices (AMD), Alibaba Group (BABA), Bank of America (BAC), Comcast (CMCSA) and Chipotle Mexican Grill (CMG).

Employers trades on the New York Stock Exchange (NYSE) under the ticker symbol "EIG."

Shares of EIG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of EIG stock can currently be purchased for approximately $39.95.

Employers (NYSE:EIG) has a market capitalization of $1.04 billion and generates $847.90 million in revenue each year. The financial services provider earns $48.40 million in net income (profit) each year or $4.58 on an earnings per share basis.

The company employs 676 workers across the globe.

Employers' mailing address is 10375 PROFESSIONAL CIRCLE, RENO NV, 89521. The official website for the company is www.employers.com. The financial services provider can be reached via phone at (888) 682-6671, via email at mpaquette@employers.com, or via fax at 888-527-3422.