Investors received a note on Tuesday that changed the rating from 'hold' to 'buy'.
Employers Stock Performance
During mid-day trading, the stock fell $0.08 to $36.35. The company traded 54,764 more shares than its average of 139,056. The 50-day simple moving is $37.57, and the 200-day simple moving is $40.87. Employers's 1-year low is $32.58. Its 1-year high is $46.73. The last time ) released its earnings was on Thursday, 27th April. The financial services provider posted $0.60 per share for the quarter. This was $0.03 higher than the consensus estimate of $0.575. Employers' net margin was 9.67%, and their return on equity was 9.26%. Business revenue for the quarter was $206.50m, which is higher than the consensus estimate. In the same quarter last year, the firm earned $0.33 per share. Revenue was up by 35.9% from the same quarter of last year. Analysts predict that Employers' earnings per share will be 3.13 for the current fiscal period.
Insiders Bet on the Future
Katherine H. Antonello, the CEO of the company, purchased 6,880 stock shares in a transaction that took place on Thursday, 1st June. The stock was bought at an average of $36.46 a share for a transaction totaling $250,844.80. The chief executive now owns 77.177 shares of the company valued at $2.813,873.42. Insiders of the company own 1,30% of its stock.
Institutional Trading Employers
Recently, several hedge funds changed their stock holdings. Brandywine Global Investment Management LLC increased its position in Employers in the first quarter by 108.6%. Brandywine Global Investment Management LLC owns now 70,006 shares in the financial services provider valued at $2.919,000, after buying an additional 36,446 during the period. JPMorgan Chase & Co. increased its holdings of Employers by 28.7% in the first quarter. JPMorgan Chase & Co. owns 428 599 shares of Employers' stock, worth $17 869 000, after acquiring 95 574 shares in the last quarter. Thrivent Financial For Lutherans increased its holdings of Employers by 24.0% in the first quarter. Thrivent Financial for Lutherans owns 43737 shares of Employers' stock, worth $1,823,000, after acquiring 8,460 additional shares in the last quarter. Jane Street Group LLC increased its holdings of Employers by 14.3% in the first quarter. Jane Street Group LLC owns 21,976 of the financial services provider’s stock, worth $916,000. This is after purchasing an additional 2,754 during the previous quarter. State Street Corp increased its Employers holdings by 1.9% in the first quarter. State Street Corp owns now 1,001,872 of the financial services company's stock valued at $41,768,000. This is after purchasing an additional 18,755 share during the last quarter. Institutional investors hold 79.80% the company's shares.
Employers Company Profile
Get Free Report
Employers Holdings, Inc., through its subsidiary companies, is a commercial property and casualty insurer based primarily in the United States. Employers Holdings, Inc. operates under two segments: Cerity and Employers. Employers and Cerity offer workers' compensation to small businesses operating in low- to medium-hazard industries.
MarketBeat.com offers a FREE daily email newsletter