Employers - EIG Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Employers in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" EIG shares.
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3 brokerages have issued twelve-month price objectives for Employers' shares. Their EIG share price forecasts range from $50.00 to $53.00. On average, they expect the company's stock price to reach $51.50 in the next twelve months. This suggests a possible upside of 21.5% 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 start of the year. Since then, EIG stock has decreased by 1.7% and is now trading at $42.40.
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Employers saw a increase in short interest during the month of February. As of February 28th, there was short interest totaling 339,100 shares, an increase of 8.6% from the February 13th total of 312,200 shares. Based on an average trading volume of 126,300 shares, the short-interest ratio is presently 2.7 days. Currently, 1.3% of the shares of the stock are short sold.
View Employers' Short Interest.

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

Employers Holdings, Inc. (NYSE:EIG) announced its quarterly earnings results on Friday, February, 17th. The financial services provider reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.49. The financial services provider earned $221.80 million during the quarter, compared to analyst estimates of $197.02 million. Employers had a trailing twelve-month return on equity of 8.21% and a net margin of 6.78%. The business's revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period last year, the business earned $1.06 EPS.

Employers declared a quarterly dividend on Thursday, February 16th. Shareholders of record on Wednesday, March 1st will be paid a dividend of $0.26 per share on Wednesday, March 15th. This represents a $1.04 annualized dividend and a yield of 2.45%. The ex-dividend date of this dividend is Tuesday, February 28th.
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), Invesco S&P SmallCap Low Volatility ETF (XSLV), Roundhill Acquirers Deep Value ETF (DEEP), Hartford Multifactor Small Cap ETF (ROSC), Invesco S&P SmallCap Financials ETF (PSCF), iShares US Small Cap Value Factor ETF (SVAL) and Invesco S&P SmallCap Momentum ETF (XSMO).

Employers (NYSE:EIG) pays an annual dividend of $1.04 per share and currently has a dividend yield of 2.47%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 58.43%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, EIG will have a dividend payout ratio of 30.59% 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 Charles Schwab Investment Management Inc. (2.94%), Geode Capital Management LLC (1.84%), Millennium Management LLC (1.79%), JPMorgan Chase & Co. (1.22%), Renaissance Technologies LLC (1.18%) and Boston Partners (1.11%). Insiders that own company stock include Douglas D Dirks, Figueiredo Joao M De, James R Kroner, Jeanne L Mockard, John M Mutschink, Katherine H Antonello, Lawrence S Rogers, Michael J Mcsally, Michael Scott Paquette, Richard W Blakey, Stephen V Festa and Tracey Lynn Berg.
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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 $42.40.

Employers (NYSE:EIG) has a market capitalization of $1.15 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 $1.78 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.