Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Employers in the 4th quarter valued at $7,310,000. Institutional investors own 80.49% of the company’s stock.
Employers Stock Performance
EIG opened at $47.97 on Wednesday. The stock has a market capitalization of $1.22 billion, a P/E ratio of 10.17 and a beta of 0.24. Employers Holdings, Inc. has a 12 month low of $36.65 and a 12 month high of $49.30. The firm’s fifty day simple moving average is $47.00 and its 200 day simple moving average is $44.43.
Employers (NYSE:EIG – Get Free Report) last issued its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.02. On average, equities research analysts predict that Employers Holdings, Inc. will post 3.63 EPS for the current fiscal year.
Employers Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Employers’s dividend payout ratio is currently 25.42%.
Wall Street Analyst Weigh In
Separately, JMP Securities upgraded Employers to a “hold” rating in a research report on Thursday, August 1st.
View Our Latest Stock Report on Employers
Employers Company Profile
(Free Report)
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.
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