Employers (NYSE:EIG) Research Coverage Started at StockNews.com

Investment analysts at StockNews.com began coverage on shares of Employers (NYSE:EIG – Get Rating) in a research report issued to clients and investors on Thursday. The firm set a “hold” rating on the financial services provider’s stock.

Other analysts also recently issued research reports about the company. Janney Montgomery Scott began coverage on Employers in a research report on Friday, February 24th. They issued a “buy” rating and a $50.00 target price on the stock. Truist Financial lifted their price target on Employers from $52.00 to $53.00 and gave the stock a “buy” rating in a report on Tuesday, February 21st. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $51.50.

Employers Stock Performance

NYSE:EIG opened at $41.14 on Thursday. The stock’s 50-day simple moving average is $43.11 and its 200 day simple moving average is $41.25. The company has a market cap of $1.12 billion, a P/E ratio of 23.11 and a beta of 0.24. Employers has a 52-week low of $32.58 and a 52-week high of $46.73.

Employers (NYSE:EIG – Get Rating) last released its earnings results on Friday, February 17th. The financial services provider reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.49. The business had revenue of $221.80 million for the quarter, compared to the consensus estimate of $197.02 million. Employers had a return on equity of 8.21% and a net margin of 6.78%. Employers’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.06 earnings per share. As a group, equities analysts predict that Employers will post 3.1 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Employers

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Martingale Asset Management L P grew its holdings in Employers by 1.0% during the second quarter. Martingale Asset Management L P now owns 30,162 shares of the financial services provider’s stock worth $1,265,000 after purchasing an additional 300 shares during the period. US Bancorp DE boosted its holdings in shares of Employers by 31.6% during the third quarter. US Bancorp DE now owns 2,140 shares of the financial services provider’s stock worth $74,000 after acquiring an additional 514 shares during the period. Pathstone Family Office LLC boosted its holdings in shares of Employers by 3.7% during the fourth quarter. Pathstone Family Office LLC now owns 17,091 shares of the financial services provider’s stock worth $737,000 after acquiring an additional 617 shares during the period. Mutual of America Capital Management LLC boosted its holdings in shares of Employers by 15.6% during the second quarter. Mutual of America Capital Management LLC now owns 4,659 shares of the financial services provider’s stock worth $195,000 after acquiring an additional 629 shares during the period. Finally, Financial Management Professionals Inc. bought a new stake in shares of Employers during the fourth quarter worth approximately $27,000. Institutional investors own 78.14% of the company’s stock.

About Employers

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Employers Holdings, Inc engages in the provision of workers compensation products and services. It operates through following segments: Employers, Cerity, and Corporate and Others. The Employers segment includes traditional business offered under the EMPLOYERS brand name through agents. The Cerity segment operates under the Cerity brand name, which includes direct-to-customer business.