Buckingham Research assumed coverage on shares of Employers Holdings Inc (NYSE:EIG) in a report issued on Monday. The firm set an “underperform” rating and a $36.00 price target on the financial services provider’s stock. Buckingham Research’s target price points to a potential downside of 11.98% from the company’s current price.
EIG has been the subject of several other reports. Zacks Investment Research lowered shares of Employers Holdings from a “buy” rating to a “hold” rating in a research report on Friday, September 8th. ValuEngine upgraded shares of Employers Holdings from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. Employers Holdings currently has a consensus rating of “Hold” and an average price target of $40.50.
Employers Holdings (NYSE:EIG) opened at 40.90 on Monday. Employers Holdings has a 52 week low of $28.81 and a 52 week high of $44.55. The company has a 50-day moving average of $42.28 and a 200 day moving average of $40.53. The company has a market cap of $1.33 billion, a P/E ratio of 12.66 and a beta of 1.10.
Employers Holdings (NYSE:EIG) last announced its earnings results on Wednesday, July 26th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.05. Employers Holdings had a net margin of 13.72% and a return on equity of 10.25%. The business had revenue of $191.10 million during the quarter, compared to analyst estimates of $194.78 million. On average, equities analysts forecast that Employers Holdings will post $2.30 EPS for the current fiscal year.
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Several institutional investors and hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio lifted its holdings in shares of Employers Holdings by 21.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 70,838 shares of the financial services provider’s stock worth $2,996,000 after acquiring an additional 12,286 shares during the last quarter. Piedmont Investment Advisors LLC bought a new stake in shares of Employers Holdings in the 2nd quarter worth approximately $295,000. Sterling Capital Management LLC lifted its holdings in shares of Employers Holdings by 8.6% in the 2nd quarter. Sterling Capital Management LLC now owns 33,377 shares of the financial services provider’s stock worth $1,412,000 after acquiring an additional 2,655 shares during the last quarter. Westwood Holdings Group Inc. lifted its holdings in shares of Employers Holdings by 20.7% in the 2nd quarter. Westwood Holdings Group Inc. now owns 433,061 shares of the financial services provider’s stock worth $18,319,000 after acquiring an additional 74,415 shares during the last quarter. Finally, Susquehanna International Group LLP bought a new stake in shares of Employers Holdings in the 2nd quarter worth approximately $393,000. Hedge funds and other institutional investors own 77.33% of the company’s stock.
Employers Holdings Company Profile
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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