Employers Holdings Inc (NYSE:EIG) – Equities researchers at SunTrust Banks dropped their Q3 2017 earnings estimates for Employers Holdings in a note issued to investors on Thursday. SunTrust Banks analyst M. Hughes now anticipates that the financial services provider will post earnings of $0.60 per share for the quarter, down from their previous forecast of $0.61. SunTrust Banks also issued estimates for Employers Holdings’ Q4 2017 earnings at $0.56 EPS, FY2017 earnings at $2.33 EPS, Q1 2018 earnings at $0.54 EPS, Q2 2018 earnings at $0.61 EPS, Q3 2018 earnings at $0.62 EPS and Q4 2018 earnings at $0.58 EPS.
EIG has been the subject of several other research reports. Zacks Investment Research upgraded Employers Holdings from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research note on Friday, May 19th. BidaskClub cut Employers Holdings from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 22nd.
Employers Holdings (NYSE:EIG) last released its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $0.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.05. The business had revenue of $191.10 million during the quarter, compared to analyst estimates of $194.78 million. Employers Holdings had a net margin of 13.72% and a return on equity of 10.25%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its position in Employers Holdings by 5.4% in the first quarter. Dimensional Fund Advisors LP now owns 2,350,986 shares of the financial services provider’s stock valued at $89,220,000 after buying an additional 119,843 shares during the period. Victory Capital Management Inc. raised its position in Employers Holdings by 25.3% in the first quarter. Victory Capital Management Inc. now owns 5,768 shares of the financial services provider’s stock valued at $219,000 after buying an additional 1,163 shares during the period. Russell Investments Group Ltd. purchased a new position in Employers Holdings during the fourth quarter valued at approximately $930,000. Arizona State Retirement System raised its position in Employers Holdings by 1.8% in the first quarter. Arizona State Retirement System now owns 16,792 shares of the financial services provider’s stock valued at $637,000 after buying an additional 300 shares during the period. Finally, MARSHALL WACE ASIA Ltd purchased a new position in Employers Holdings during the first quarter valued at approximately $306,000. 77.77% of the stock is currently owned by institutional investors.
In other Employers Holdings news, CEO Douglas D. Dirks sold 83,890 shares of Employers Holdings stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $41.93, for a total transaction of $3,517,507.70. Following the transaction, the chief executive officer now owns 409,535 shares of the company’s stock, valued at $17,171,802.55. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 4.00% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 23rd. Shareholders of record on Wednesday, August 9th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.38%. The ex-dividend date is Monday, August 7th. Employers Holdings’s dividend payout ratio (DPR) is 18.63%.
About Employers Holdings
Employers Holdings, Inc is a holding company. Through its insurance subsidiaries, the Company provides workers’ compensation insurance coverage to select, small businesses in low to medium hazard industries. It provides workers’ compensation insurance under a statutory system wherein employers are required to provide coverage for their employees’ medical, disability, vocational rehabilitation, and/or death benefit costs for work-related injuries or illnesses.
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