Employers Holdings Intrinsic Value Calculation – Str Ohio Reduces Stake in Employers Holdings, by 12.5% During First Quarter

July 26, 2023

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Employers Holdings ($NYSE:EIG), Inc. is a provider of workers’ compensation insurance to small businesses in the United States. The company has recently filed that Ohio Strs has decreased its ownership in Employers Holdings, Inc. by 12.5% during the first quarter. This reduction in ownership indicates a significant shift in the company’s ownership as it is the largest shareholder of the company. This decrease in shareholding is likely to impact the finances of Employers Holdings, Inc. as the company may not be able to count on the large capital from Ohio Strs for investments and other financial activities. As Ohio Strs was the largest shareholder of Employers Holdings, Inc., its decision to reduce its stake will likely influence other investors to follow suit. This could result in further decreases in ownership and potentially increased volatility for the stock price.

Additionally, other shareholders who previously followed Ohio Strs’ investments may have to consider alternative strategies for their portfolio allocation going forward.

Analysis – Employers Holdings Intrinsic Value Calculation

GoodWhale has conducted an analysis of EMPLOYERS HOLDINGS‘ financials, and have determined that the fair value of their share is around $38.9. This figure was calculated using our proprietary Valuation Line, which takes into account many factors to determine the fair price of the stock. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis
  • About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Employers Holdings. More…

    Total Revenues Net Income Net Margin
    768 74.3 9.7%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Employers Holdings. More…

    Operations Investing Financing
    87.3 -127.2 -3.9
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Employers Holdings. More…

    Total Assets Total Liabilities Book Value Per Share
    3.74k 2.77k 36.08
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Employers Holdings are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    1.1% 12.1%
    FCF Margin ROE ROA
    11.1% 6.1% 1.6%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Peers

    The four companies mentioned are all in the business of providing financial protection to employers in the event of employee injuries. They are all large, well-established companies with strong reputations. Employers Holdings is the smallest of the four, but it is growing rapidly and is increasingly seen as a serious competitor by its larger rivals.

    – MGIC Investment Corp ($NYSE:MTG)

    MGIC Investment Corporation, through its subsidiaries, provides private mortgage insurance, and ancillary services to lenders and government sponsored entities in the United States. The company operates through two segments, Primary Mortgage Insurance, and Ancillary Services and Other. The Primary Mortgage Insurance segment provides mortgage insurance on first-lien mortgage loans.

    – Brown & Brown Inc ($NYSE:BRO)

    Brown & Brown, Inc., through its subsidiaries, operates as an insurance and reinsurance intermediary that markets and sells insurance products and services in the United States and internationally. The company operates in two segments, Retail and Wholesale. The Retail segment offers a range of insurance products and services, including commercial property and casualty, workers’ compensation, surety, general liability, professional liability, automobile, and homeowners insurance products, as well as risk management consulting services. This segment also provides employee benefits products and services, including group health, workers’ compensation, property and casualty, and executive benefit products. The Wholesale segment offers excess and surplus lines, program business, and specialty lines of property and casualty insurance products, as well as professional liability insurance products. Brown & Brown, Inc. was founded in 1939 and is headquartered in Daytona Beach, Florida.

    – Protector Forsikring ASA ($LTS:0JXF)

    Protector Forsikring ASA is a Norway-based company engaged in the insurance industry. The Company offers a range of personal and corporate insurance products, including car, home, boat, travel, health, and life insurance.

    Summary

    This drop is likely to have major implications on the stock price, and investors should take note. Analysts are likely to be monitoring the company’s financial health and stock price performance in the coming quarters, looking for any signs of a rebound or further declines. Furthermore, investors should be aware of any further news on the company’s financial situation, as well as any potential changes in its business strategy or execution. Analyzing the company’s financials and making informed investing decisions is recommended to maximize returns in this volatile market.

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