Employers (EIG) Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Employers in the last twelve months. 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 analysts have issued 12 month price targets for Employers' stock. Their EIG share price forecasts range from $50.00 to $53.00. On average, they anticipate the company's share price to reach $51.50 in the next year. This suggests a possible upside of 34.4% 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 on January 1st, 2023. Since then, EIG stock has decreased by 11.1% and is now trading at $38.33.
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Employers saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 281,800 shares, an increase of 22.5% from the April 30th total of 230,000 shares. Based on an average daily volume of 150,000 shares, the days-to-cover ratio is presently 1.9 days. Currently, 1.1% of the shares of the company are short sold.
View Employers' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our EIG earnings forecast.

Employers Holdings, Inc. (NYSE:EIG) issued its quarterly earnings data on Thursday, April, 27th. The financial services provider reported $0.60 EPS for the quarter, beating the consensus estimate of $0.57 by $0.03. The financial services provider earned $206.50 million during the quarter, compared to analysts' expectations of $206.81 million. Employers had a trailing twelve-month return on equity of 9.26% and a net margin of 9.67%. The company's revenue for the quarter was up 35.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.33 EPS.

Employers declared a quarterly dividend on Wednesday, April 26th. Shareholders of record on Wednesday, May 10th will be paid a dividend of $0.28 per share on Wednesday, May 24th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date of this dividend is Tuesday, May 9th. This is an increase from the stock's previous quarterly dividend of $0.26.
Read our dividend analysis for EIG.

ETFs with the largest weight of Employers (NYSE:EIG) stock in their portfolio include Cambria Value and Momentum ETF (VAMO), ETC 6 Meridian Small Cap Equity ETF (SIXS), Hypatia Women Ceo ETF (WCEO), Invesco S&P SmallCap Low Volatility ETF (XSLV), Inspire Fidelis Multi Factor ETF (FDLS), Hartford Multifactor Small Cap ETF (ROSC), Invesco S&P SmallCap Financials ETF (PSCF) and iShares US Small Cap Value Factor ETF (SVAL).

Employers (NYSE:EIG) pays an annual dividend of $1.12 per share and currently has a dividend yield of 3.10%. 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 41.18%. 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."

Employers' stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (14.77%), Dimensional Fund Advisors LP (7.94%), State Street Corp (3.73%), FMR LLC (2.94%), Geode Capital Management LLC (1.95%) and Ameriprise Financial Inc. (1.83%). Insiders that own company stock include Figueiredo Joao M De, James R Kroner, Jeanne L Mockard, Katherine H Antonello, Michael J Mcsally, Stephen V Festa and Tracey Lynn Berg.
View institutional ownership trends.

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 $38.33.

Employers (NYSE:EIG) has a market capitalization of $1.03 billion and generates $713.50 million in revenue each year. The financial services provider earns $48.40 million in net income (profit) each year or $2.72 on an earnings per share basis.

The company employs 608 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.