On Friday, Shares of Employers Holdings Inc. (NYSE: EIG) lost -0.24% to $41.73. The stock grabbed the investor’s attention and traded 79.004K shares as compared to its average daily volume of 148.20K shares. The stock’s institutional ownership stands at 83.20%.
Employers Holdings, Inc. (EIG) recently stated the following for the first quarter of 2019: (i) net income of $51.80M ($1.57 per diluted share); (ii) net income before the impact of the LPT of $49.30M ($1.50 per diluted share); and (iii) adjusted net income of $30.90M ($0.94 per diluted share).
The Company’s adjusted net income for the first quarter of 2019 increased $1.60M year-over-year. This increase mainly reflects the after-tax impact of the following items: (i) $22.00M of favorable prior year loss reserve development on voluntary business as compared to $12.00M of favorable development a year ago, (ii) $21.80M of net investment income as compared to $19.40M a year ago; partially offset by (iii) $47.50M of underwriting and other operating expenses as compared to $39.20M a year ago.
The Company’s net income and net income before the impact of the LPT for the first quarter of 2019 increased $26.20M and $26.30M, respectively, year-over-year. These first quarter 2019 net income measures were each favorably influenced by the after-tax impact of the items formerly mentioned, as well as the after-tax impact of $21.20M of unrealized investment gains regarding the Company’s equity investments as compared to $12.9 of unrealized investment losses recognized a year ago.
EIG has a market value of $1.34B while its EPS was booked as $5.03 in the last 12 months. The stock has 32.13M shares outstanding. In the profitability analysis, the company has net profit margin of 20.10%. Beta value of the company was 0.75; beta is used to measure riskiness of the security. Analyst recommendation for this stock stands at 2.60.