Wall Street brokerages predict that Employers Holdings, Inc. (NYSE:EIG) will report $206.19 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Employers’ earnings. The highest sales estimate is $207.00 million and the lowest is $205.37 million. Employers posted sales of $204.10 million during the same quarter last year, which suggests a positive year-over-year growth rate of 1%. The firm is scheduled to issue its next earnings report on Wednesday, July 24th.
According to Zacks, analysts expect that Employers will report full-year sales of $818.76 million for the current year, with estimates ranging from $818.70 million to $818.81 million. For the next year, analysts expect that the company will post sales of $841.84 million, with estimates ranging from $841.47 million to $842.20 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that cover Employers.
Employers (NYSE:EIG) last announced its earnings results on Wednesday, April 24th. The financial services provider reported $0.94 EPS for the quarter, topping the consensus estimate of $0.54 by $0.40. The company had revenue of $197.00 million for the quarter, compared to analysts’ expectations of $214.73 million. Employers had a return on equity of 13.71% and a net margin of 20.04%. During the same quarter in the prior year, the business earned $0.77 earnings per share.
In other Employers news, SVP Lawrence S. Rogers sold 607 shares of the firm’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $41.23, for a total transaction of $25,026.61. Following the transaction, the senior vice president now owns 9,558 shares in the company, valued at $394,076.34. The sale was disclosed in a document filed with the SEC, which is available through this link. 2.80% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of EIG. Norges Bank bought a new position in Employers during the fourth quarter worth about $28,982,000. Man Group plc boosted its holdings in Employers by 149.2% during the first quarter. Man Group plc now owns 391,531 shares of the financial services provider’s stock worth $15,705,000 after buying an additional 234,416 shares during the last quarter. WINTON GROUP Ltd boosted its holdings in Employers by 2,945.5% during the fourth quarter. WINTON GROUP Ltd now owns 168,659 shares of the financial services provider’s stock worth $7,079,000 after buying an additional 163,121 shares during the last quarter. American Century Companies Inc. bought a new position in Employers during the fourth quarter worth about $6,328,000. Finally, Westwood Holdings Group Inc. boosted its holdings in Employers by 43.0% during the first quarter. Westwood Holdings Group Inc. now owns 416,439 shares of the financial services provider’s stock worth $16,703,000 after buying an additional 125,173 shares during the last quarter. Hedge funds and other institutional investors own 79.82% of the company’s stock.
Shares of EIG stock traded down $0.10 during trading hours on Monday, hitting $41.73. 79,004 shares of the company’s stock were exchanged, compared to its average volume of 116,093. The stock has a market capitalization of $1.34 billion, a PE ratio of 10.15 and a beta of 0.77. Employers has a 52 week low of $39.31 and a 52 week high of $47.97.
The business also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend was Tuesday, May 7th. Employers’s dividend payout ratio (DPR) is currently 21.41%.
Employers Company Profile
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.
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