NYSE:EIGEmployers Stock Price, Forecast & News

$30.55

-0.20 (-0.65 %)

(As of 05/26/2020 03:33 PM ET)

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Today's Range

$30.40

Now: $30.55▼

$31.09

50-Day Range

$26.59

MA: $30.90▼

$36.46

52-Week Range

$25.53

Now: $30.55▼

$45.23

Volume9,123 shs

Average Volume284,193 shs

Market Capitalization$922.92 million

P/E Ratio14.48

Dividend Yield3.34%

Beta0.14

Employers Holdings, Inc., through its subsidiaries, operates in the commercial property and casualty insurance industry primarily in the United States. It offers workers' compensation insurance to small businesses in low to medium hazard industries. The company markets its products through independent local, regional, and national agents and brokers; alternative distribution channels comprising its partners; and through national, regional, and local trade groups and associations, as well as directly to customers. Employers Holdings, Inc. was founded in 2000 and is based in Reno, Nevada.

Beat the Market (BTM) Rank^™

3.2 Analyst's Opinion

Consensus Rating
Employers has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $50.00, Employers has a potential upside of 63.7% from its current price of $30.55.
Amount of Analyst Coverage
Employers has only been the subject of 2 research reports in the past 90 days.

2.4 Community Rank

Outperform Votes
Employers has received 265 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Employers has received 290 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Employers has received 52.25% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Employers and other stocks. Vote “Outperform” if you believe EIG will outperform the S&P 500 over the long term. Vote “Underperform” if you believe EIG will underperform the S&P 500 over the long term. You may vote once every thirty days.

2.5 Dividend Strength

Dividend Leadership
Employers is a leading dividend payer. It pays a dividend yield of 3.34%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Employers has only been increasing its dividend for 4 years.
Dividend Coverage
The dividend payout ratio of Employers is 31.25 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on EPS estimates, Employers will have a dividend payout ratio of 78.74 % in the coming year. This indicates that Employers may not be able to sustain their current dividend.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Employers insiders have bought 2,128.32% more of their company's stock than they have sold. Specifically, they have bought $890,371.00 in company stock and sold $39,957.00 in company stock.
Percentage Held by Insiders
Only 2.90% of the stock of Employers is held by insiders.
Percentage Held by Institutions
80.87% of the stock of Employers is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Employers are expected to grow by 10.43% in the coming year, from $1.15 to $1.27 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Employers is 14.48, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 13.94.
Price to Earnings Ratio vs. Sector
The P/E ratio of Employers is 14.48, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 15.96.
Price to Book Value per Share Ratio
Employers has a P/B Ratio of 0.83. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.79 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Fire, marine, & casualty insurance

Sub-IndustryProperty & Casualty Insurance

SectorFinance

Current SymbolNYSE:EIG

Previous Symbol

CUSIP29221810

CIK1379041

Webwww.employers.com

Phone888-682-6671

Debt

Debt-to-Equity RatioN/A

Current Ratio0.39

Quick Ratio0.39

Price-To-Earnings

Trailing P/E Ratio14.48

Forward P/E Ratio26.57

P/E GrowthN/A

Sales & Book Value

Annual Sales$784.80 million

Price / Sales1.18

Cash Flow$4.08 per share

Price / Cash Flow7.49

Book Value$36.64 per share

Price / Book0.83

Profitability

EPS (Most Recent Fiscal Year)$3.20

Net Income$157.10 million

Net Margins8.99%

Return on Equity7.47%

Return on Assets2.12%

Miscellaneous

Employees704

Outstanding Shares30,210,000

Market Cap$922.92 million

Next Earnings Date7/22/2020 (Estimated)

OptionableOptionable

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Employers (NYSE:EIG) Frequently Asked Questions

How has Employers' stock been impacted by COVID-19 (Coronavirus)?

Employers' stock was trading at $36.99 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, EIG stock has decreased by 17.4% and is now trading at $30.55. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Employers?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Employers in the last year. There are currently 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Employers.

When is Employers' next earnings date?

Employers is scheduled to release its next quarterly earnings announcement on Wednesday, July 22nd 2020. View our earnings forecast for Employers.

How were Employers' earnings last quarter?

Employers Holdings, Inc. (NYSE:EIG) posted its earnings results on Thursday, April, 23rd. The financial services provider reported $0.35 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.53 by $0.18. The financial services provider earned $188.10 million during the quarter, compared to analysts' expectations of $184.79 million. Employers had a net margin of 8.99% and a return on equity of 7.47%. During the same period in the prior year, the business earned $0.94 earnings per share. View Employers' earnings history.

How often does Employers pay dividends? What is the dividend yield for Employers?

Employers announced a quarterly dividend on Thursday, April 23rd. Stockholders of record on Wednesday, May 6th will be paid a dividend of $0.25 per share on Wednesday, May 20th. This represents a $1.00 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date is Tuesday, May 5th. View Employers' dividend history.

What price target have analysts set for EIG?

3 equities research analysts have issued 1 year price targets for Employers' shares. Their forecasts range from $50.00 to $50.00. On average, they anticipate Employers' share price to reach $50.00 in the next twelve months. This suggests a possible upside of 63.7% from the stock's current price. View analysts' price targets for Employers.

What are Wall Street analysts saying about Employers stock?

Here are some recent quotes from research analysts about Employers stock:

1. According to Zacks Investment Research, "Employers Holdings, Inc. is a specialty provider of workers compensation insurance focused on select small businesses engaged in low to medium hazard industries. It markets its products through independent local, regional, and national agents and brokers, as well as through its strategic partnerships and alliances and relationships with national, regional, and local trade groups and associations. Employers Holdings, Inc. is headquartered in Reno, Nevada. " (4/6/2020)
2. Boenning Scattergood analysts commented, "We are raising our target price to $53.00 (from $50.00) and maintaining our Outperform rating. The target price is approximately 1.25 times our 12-month forward adjusted BVPS estimate of $42.01. This is the same multiple we previously used to calculate the target price. The shares are currently trading near 1.1x adjusted BVPS – we believe the P/B multiple may expand if EIG continues to book higher-than-expected favorable reserve development." (7/25/2019)

Has Employers been receiving favorable news coverage?

Press coverage about EIG stock has been trending negative this week, according to InfoTrie Sentiment. InfoTrie scores the sentiment of press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Employers earned a news impact score of -2.3 on InfoTrie's scale. They also gave news coverage about the financial services provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near future. View the latest news aboutEmployers.

Are investors shorting Employers?

Employers saw a increase in short interest in April. As of April 30th, there was short interest totaling 801,600 shares, an increase of 6.0% from the April 15th total of 756,100 shares. Based on an average daily trading volume, of 218,800 shares, the short-interest ratio is presently 3.7 days. Approximately 2.7% of the company's shares are sold short. View Employers' Current Options Chain.

Who are some of Employers' key competitors?

Some companies that are related to Employers include Berkshire Hathaway (BRK.B), Progressive (PGR), Allstate (ALL), Travelers Companies (TRV), Markel (MKL), Arch Capital Group (ACGL), W. R. Berkley (WRB), Cincinnati Financial (CINF), Cna Financial (CNA), Erie Indemnity (ERIE), Fidelity National Financial (FNF), First American Financial (FAF), Old Republic International (ORI), Hanover Insurance Group (THG) and RLI (RLI). View all competitors.

What other stocks do shareholders of Employers own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Employers investors own include Ship Finance International (SFL), Verizon Communications (VZ), AbbVie (ABBV), Alibaba Group (BABA), Carnival (CCL), Delta Air Lines (DAL), Gilead Sciences (GILD), Appian (APPN), Chipotle Mexican Grill (CMG) and Walt Disney (DIS).

Who are Employers' key executives?

Employers' management team includes the following people:

Mr. Douglas Dean Dirks, Pres, CEO & Director (Age 60)
Mr. Michael Scott Paquette, Exec. VP, CFO & Treasurer (Age 55)
Mr. Stephen Vincent Festa, Exec. VP & COO (Age 59)
Mr. John P. Nelson, Exec. VP & Chief Admin. Officer (Age 57)
Mr. Matthew H. Hendricksen, VP of Treasury & Investments

What is Employers' stock symbol?

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

Who are Employers' major shareholders?

Employers' stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (15.26%), State Street Corp (3.60%), Invesco Ltd. (1.74%), Geode Capital Management LLC (1.51%), Bank of New York Mellon Corp (1.46%) and Loomis Sayles & Co. L P (1.27%). Company insiders that own Employers stock include Douglas D Dirks, John M Mutschink, John P Nelson, Lawrence S Rogers, Lenard T Ormsby, Michael J Mcsally, Michael Scott Paquette, Richard W Blakey, Stephen V Festa and Valerie R Glenn. View institutional ownership trends for Employers.

Which major investors are selling Employers stock?

EIG stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, AQR Capital Management LLC, Invesco Ltd., BlackRock Inc., Federated Hermes Inc., SG Americas Securities LLC, Nuveen Asset Management LLC, and Citigroup Inc.. Company insiders that have sold Employers company stock in the last year include Douglas D Dirks, and Lawrence S Rogers. View insider buying and selling activity for Employers.

Which major investors are buying Employers stock?

EIG stock was acquired by a variety of institutional investors in the last quarter, including Wasatch Advisors Inc., Deutsche Bank AG, State Street Corp, RDL Financial Inc., JPMorgan Chase & Co., Grantham Mayo Van Otterloo & Co. LLC, Geode Capital Management LLC, and 6 Meridian. Company insiders that have bought Employers stock in the last two years include Douglas D Dirks, John M Mutschink, Michael J Mcsally, Michael Scott Paquette, and Richard W Blakey. View insider buying and selling activity for Employers.

How do I buy shares of Employers?

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

What is Employers' stock price today?

One share of EIG stock can currently be purchased for approximately $30.55.

How big of a company is Employers?

Employers has a market capitalization of $922.92 million and generates $784.80 million in revenue each year. The financial services provider earns $157.10 million in net income (profit) each year or $3.20 on an earnings per share basis. Employers employs 704 workers across the globe.

What is Employers' official website?

The official website for Employers is www.employers.com.

How can I contact Employers?

Employers' mailing address is 10375 PROFESSIONAL CIRCLE, RENO NV, 89521. The financial services provider can be reached via phone at 888-682-6671 or via email at [email protected]

This page was last updated on 5/26/2020 by MarketBeat.com Staff