Employers (NYSE:EIG) Issues Earnings Results

Employers (NYSE:EIG) posted its quarterly earnings data on Thursday. The financial services provider reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.02), Briefing.com reports. Employers had a return on equity of 10.65% and a net margin of 14.16%. The company had revenue of $223.10 million for the quarter, compared to the consensus estimate of $217.46 million. During the same quarter last year, the business earned $0.60 EPS. Employers’s revenue was up 8.0% on a year-over-year basis.

Employers Price Performance

EIG stock traded up $0.50 during midday trading on Friday, reaching $44.01. 301,795 shares of the stock were exchanged, compared to its average volume of 111,785. The stock has a market capitalization of $1.12 billion, a PE ratio of 9.32 and a beta of 0.24. Employers has a 52 week low of $35.43 and a 52 week high of $46.78. The company has a fifty day moving average price of $44.50 and a 200 day moving average price of $41.27.

Employers Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Wednesday, May 8th will be paid a $0.30 dividend. This is a positive change from Employers’s previous quarterly dividend of $0.28. The ex-dividend date is Tuesday, May 7th. This represents a $1.20 annualized dividend and a dividend yield of 2.73%. Employers’s dividend payout ratio (DPR) is presently 23.73%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on EIG shares. Janney Montgomery Scott lowered Employers from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 27th. Truist Financial lifted their price target on Employers from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Tuesday, February 20th.

Employers Company Profile

Employers Holdings, Inc, through its subsidiaries, operates in the commercial property and casualty insurance industry primarily in the United States. The company operates in two segments, Employers and Cerity. It offers workers' compensation insurance to small businesses in low to medium hazard industries under the Employers and Cerity brands.