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

Employers (NYSE:EIG) issued its quarterly earnings data on Thursday. The financial services provider reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.07, Zacks reports. Employers had a return on equity of 9.78% and a net margin of 15.27%.

Employers Stock Performance

Shares of NYSE:EIG traded down $0.20 on Thursday, hitting $48.86. The company’s stock had a trading volume of 87,058 shares, compared to its average volume of 125,105. Employers has a 12 month low of $38.67 and a 12 month high of $54.44. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of 9.15 and a beta of 0.27. The stock’s 50-day moving average is $49.86 and its two-hundred day moving average is $49.37.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on EIG shares. StockNews.com downgraded Employers from a “buy” rating to a “hold” rating in a research note on Friday, December 20th. Truist Financial upped their price objective on Employers from $55.00 to $58.00 and gave the stock a “buy” rating in a research note on Friday, November 1st.

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.