StockNews.com Downgrades Employers (NYSE:EIG) to Hold

Employers (NYSE:EIG) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a report released on Tuesday.

EIG has been the subject of several other reports. Truist Financial lifted their price target on Employers from $55.00 to $58.00 and gave the company a “buy” rating in a research report on Friday, November 1st. JMP Securities upgraded Employers to a “hold” rating in a research report on Thursday, August 1st.

Employers Stock Performance

Employers stock opened at $53.86 on Tuesday. Employers has a one year low of $37.33 and a one year high of $54.44. The stock has a market cap of $1.33 billion, a PE ratio of 10.09 and a beta of 0.24. The stock has a 50-day moving average of $48.32 and a two-hundred day moving average of $45.40.

Employers (NYSE:EIG) last announced its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.03. Employers had a return on equity of 9.78% and a net margin of 15.27%. The firm had revenue of $224.00 million during the quarter, compared to analysts’ expectations of $225.19 million. As a group, sell-side analysts predict that Employers will post 3.63 EPS for the current fiscal year.

Institutional Trading of Employers

Several institutional investors have recently bought and sold shares of the business. Texas Permanent School Fund Corp boosted its stake in Employers by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 22,511 shares of the financial services provider’s stock worth $1,022,000 after buying an additional 292 shares during the last quarter. Inspire Investing LLC raised its position in Employers by 4.3% in the second quarter. Inspire Investing LLC now owns 8,225 shares of the financial services provider’s stock valued at $351,000 after purchasing an additional 336 shares during the period. GAMMA Investing LLC raised its holdings in shares of Employers by 45.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,145 shares of the financial services provider’s stock valued at $55,000 after buying an additional 358 shares during the period. Isthmus Partners LLC raised its holdings in shares of Employers by 0.5% in the 2nd quarter. Isthmus Partners LLC now owns 81,362 shares of the financial services provider’s stock valued at $35,000 after buying an additional 375 shares during the period. Finally, Ellsworth Advisors LLC raised its holdings in shares of Employers by 6.0% in the 3rd quarter. Ellsworth Advisors LLC now owns 12,312 shares of the financial services provider’s stock valued at $591,000 after buying an additional 692 shares during the period. 80.49% of the stock is owned by institutional investors and hedge funds.

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.