Employers Holdings, Inc. (NYSE:EIG) saw a large decrease in short interest during the month of September. As of September 30th, there was short interest totalling 886,100 shares, a decrease of 5.5% from the August 30th total of 938,100 shares. Based on an average daily volume of 122,500 shares, the short-interest ratio is presently 7.2 days. Currently, 2.9% of the company’s stock are short sold.
Shares of EIG stock opened at $41.63 on Wednesday. Employers has a fifty-two week low of $39.31 and a fifty-two week high of $47.97. The stock’s 50-day moving average is $43.22 and its two-hundred day moving average is $42.61. The firm has a market cap of $1.34 billion, a P/E ratio of 10.15 and a beta of 0.72.
Employers (NYSE:EIG) last issued its earnings results on Wednesday, July 24th. The financial services provider reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.41. Employers had a return on equity of 12.98% and a net margin of 19.82%. The company had revenue of $204.30 million for the quarter, compared to analyst estimates of $206.19 million. During the same period in the prior year, the firm posted $0.94 EPS. As a group, sell-side analysts forecast that Employers will post 2.73 earnings per share for the current fiscal year.
Several research analysts have weighed in on the company. Zacks Investment Research lowered Employers from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 29th. Boenning Scattergood reaffirmed a “buy” rating and issued a $50.00 target price on shares of Employers in a research report on Thursday, July 25th.
Employers Holdings, Inc, through its subsidiaries, operates in the commercial property and casualty insurance industry primarily in the United States. It offers workers' compensation insurance to small businesses in low to medium hazard industries. The company markets its products through independent local, regional, and national agents and brokers; alternative distribution channels comprising its partners; and through national, regional, and local trade groups and associations, as well as directly to customers.
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