Employers (NYSE:EIG) Issues Earnings Results, Beats Expectations By $0.07 EPS

Employers (NYSE:EIG) issued its quarterly earnings data on Thursday. The financial services provider reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.07, Zacks reports. The business had revenue of $216.60 million for the quarter, compared to the consensus estimate of $221.18 million. Employers had a net margin of 13.47% and a return on equity of 8.99%.

Employers Stock Performance

Shares of NYSE:EIG opened at $48.97 on Friday. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 10.40 and a beta of 0.27. The firm has a fifty day moving average price of $49.71 and a 200 day moving average price of $49.38. Employers has a fifty-two week low of $38.67 and a fifty-two week high of $54.44.

Employers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.45%. The ex-dividend date is Wednesday, March 5th. Employers’s payout ratio is currently 25.48%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Truist Financial lifted their price target on shares of Employers from $55.00 to $58.00 and gave the company a “buy” rating in a research report on Friday, November 1st. StockNews.com cut Employers from a “buy” rating to a “hold” rating in a report on Friday, December 20th.

About Employers

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.