Employers Holdings Inc (NYSE: EIG) has reported earnings for its first fiscal quarter (ending March 31) of $1.12 versus $0.87 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $4.75 versus $2.74 for the same period a year ago.
Recent Price Action
On 4/25/24, Employers Holdings Inc (NYSE: EIG) stock declined by -3.1%, closing at $43.51. Moreover, exceptionally high trading volume at 203% of normal accompanied the decline. The stock has been strong relative to the market over the last nine months and has risen 2.4% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, EIG is expected to continue to be Value Creation neutral.
Employers Holdings has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Employers Holdings has a slightly negative Appreciation Score of 38 but a good Power Rating of 80, producing the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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