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Verdict
Quantitative factor alignment verified for current market regime.
Quant Score
Rank
#4016
Positioning
Market Dominance
Finance, Insurance, And Real Estate
Insurance
$999M
Katherine H. Antonello
Employers Holdings, Inc. operates in the commercial property and casualty insurance industry. 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.
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Dates updated upon official exchange announcement.
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X-AXIS: EV/EBITDA (LOWER = CHEAPER) | Y-AXIS: ROE (HIGHER = ELITE) | RED CIRCLE = EIG ANALYSIS TARGET
| Stock | Rating | Score▼ | Quality | Value | Momentum | P/E | EV/EBITDA | ROE | ROA | Gross Mgn | Op Mgn | Net Mgn | Rev Growth | Div Yield | D/E | Mkt Cap | AUDIT |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
$SII SPROTT INC. | 75 | 91 | 87 | 98 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$PUK PRUDENTIAL PLC | 73 | 88 | 97 | 80 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$NMR NOMURA HOLDINGS INC | 72 | 81 | 92 | 87 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$PSLV Sprott Physical Silver Trust | 69 | 82 | 80 | 98 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$UFCS UNITED FIRE GROUP INC | 68 | 81 | 93 | 76 | 5.0x | 3.5x | 13.2% | 4.1% | 99.9% | 14.7% | 11.1% | 9.2% | 2.1% | 16.0x | $775M | VS | |
$SLF SUN LIFE FINANCIAL INC | 68 | 83 | 95 | 63 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$CBOE Cboe Global Markets, Inc. | 68 | 75 | 63 | 77 | 21.3x | 15.7x | 24.0% | 13.7% | 41.7% | 32.4% | 26.4% | 8.2% | 1.1% | 30.0x | $25.7B | VS | |
$VTMX Vesta Real Estate Corporation, S.A.B. de C.V. | 67 | 69 | 77 | 80 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$PHYS Sprott Physical Gold Trust | 67 | 64 | 82 | 91 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$GLDM World Gold Trust | 66 | 54 | 85 | 92 | 11.3x | 11.3x | - | 20.9% | 100.0% | 97.1% | 554.8% | -19.0% | 0.0% | - | $32.0B | VS | |
$EIG Employers Holdings, Inc. | 36 | 36 | 23 | 26 | 13.7x | 10.7x | 6.2% | 1.8% | 35.9% | 8.6% | 7.1% | 10.3% | 2.9% | 239.0x | $999M | ||
| SECTOR BENCH | - | - | - | - | - | 11.9x | 7.8x | 9.0% | 1.3% | 77.7% | 18.1% | 21.9% | 10.7% | 2.0% | 0.5x | - | REF |
Employers Holdings, Inc. (EIG) receives a "Avoid" rating with a composite score of 35.9/100. It ranks #4016 out of 7,333 stocks in our coverage universe and carries a 1-star rating. Ratings are driven by a 6-factor quantitative model measuring quality, value, momentum, investment, stability, and short interest.
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Lagging peers — losers tend to keep underperforming
Expensive relative to fundamentals — limited margin of safety
Average quality profile
Average volatility — neutral timing signal
Moderate investment profile
Below-average composite — caution warranted
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Relative valuation derived from Finance, Insurance, And Real Estate sector benchmarks. Model weights: EV/EBITDA (40%), P/B (35%), P/S (25%). Re-calculated daily.
Projection based on user-defined inputs. Re-calculated daily against current market data.
Reverse DCF Framework — Mauboussin Methodology
Institutional-grade Reverse DCF analysis. This model identifies the growth hurdles embedded in current market prices. When implied growth is significantly lower than historical or projected rates, a margin of safety may exist. Re-audited daily.
No analyst ratings for EIG.
View All Ratings| Factor | Global | Sector | Tilt |
|---|---|---|---|
| PROFITABILITY | 36 | 70 | -34DRAG |
| MOMENTUM | 26 | 19 | +7ALPHA |
| VALUATION | 23 | 7 | +16ALPHA |
| INVESTMENT | 49 | 93 | -44DRAG |
| STABILITY | 58 | 64 | -6DRAG |
| SHORT INT | 31 | 21 | +10ALPHA |
Global = full universe. Sector = relative to industry peers. Positive tilt indicates idiosyncratic strength.
ROE proxy 6.2% (sector 9.0%)
GM 36% vs sector 78%, OM 9% vs sector 18%
Capital turnover N/A
Rev growth 10%, 10yr history
Interest coverage N/A
Composite assessment of profitability, capital efficiency, and financial strength. Top-tier entities demonstrate sustainable cash flow generation and elite competitive moats.
Profit generated per dollar of shareholder equity
Efficiency of asset utilization
Pricing power and cost efficiency
Core business profitability
Bottom-line profitability
The Quality factor evaluates the persistence and magnitude of realized cash flows. Companies with scores >70 exhibit superior pricing power and structural financial resilience through diverse economic regimes.
Our uncertainty rating tracks the predictability of future cash flows and potential for permanent capital loss. Moderate visibility with standard industry cyclicality.
We rate Employers Holdings, Inc. (EIG) as Avoid with a composite score of 35.9/100 at a current price of $40.44. The stock falls in the bottom quintile, and the multi-factor weakness suggests a high probability of continued underperformance.
Employers Holdings, Inc. holds a top-quartile position (#0 of 50) within the Finance, Insurance, And Real Estate sector, based on our composite quantitative scoring across quality, value, momentum, and stability factors. The composite score of 35.9/100 places it at rank #4016 in our full universe.
No Moat
Medium
Poor
Fair Value
Stable competitive position in a defensive sector.
Leverage of 239% D/E amplifies downside risk.
Weak momentum suggests persistent institutional selling pressure.
Vulnerability to macroeconomic shocks and interest rate volatility.
Employers Holdings, Inc. represents a avoid based on multi-factor quantitative performance.
Our quantitative model flags Employers Holdings, Inc. with an Avoid rating, assigning a composite score of 35.9/100 and 1 out of 5 stars. Ranked #4016 of 7,333 stocks, EIG falls in the bottom tier across key factors. Historically, stocks with this profile have faced elevated risk of underperformance and capital loss.
EIG's quality score of 36/100 is below average, suggesting challenges with profitability or capital efficiency. The company reports a return on equity of 6.2% (sector avg: 9.0%), gross margins of 35.9% (sector avg: 77.7%), net margins of 7.1% (sector avg: 21.9%). Investors should examine whether management is actively addressing these weaknesses or if they reflect structural industry headwinds.
EIG registers a value score of just 23/100, suggesting the stock trades at a significant premium to its fundamental metrics. Key valuation metrics include a P/E ratio of 13.65x, an EV/EBITDA of 10.73x, a P/B ratio of 0.85x. High-premium valuations like this require strong future execution to avoid multiple compression, and downside risk is elevated if growth disappoints.
With an investment score of 49/100, EIG exhibits moderate growth-oriented spending. Key growth metrics include revenue growth of 10.3% vs. a sector average of 10.7% and a return on assets of 1.8% (sector: 1.3%). The company appears to be balancing growth investments with capital returns, though the pace of investment may not be enough to accelerate top-line growth meaningfully.
Employers Holdings, Inc. is experiencing notably weak momentum with a score of just 26/100. The stock has underperformed its peers and is trending below major moving averages. Revenue growth stands at 10.3% year-over-year, while a beta of 0.32 reflects its sensitivity to broader market moves. While deep momentum weakness can occasionally present value opportunities, it often reflects deteriorating fundamentals or structural headwinds that may persist.
With a stability score of 58/100, EIG exhibits average financial resilience. Key stability metrics include a beta of 0.32 and a debt-to-equity ratio of 239.00x (sector avg: 0.5x). While the balance sheet is not a major concern, the stock is subject to typical market volatility and may experience sharper drawdowns during risk-off episodes.
Employers Holdings, Inc.'s short interest score of 31/100 reveals significant bearish positioning, suggesting institutional investors are actively betting against the stock. Specific risk factors include elevated leverage (D/E: 239.00x), small-cap liquidity risk. At $999M (small-cap), EIG carries meaningful risk and is best suited for investors with high risk tolerance who have thoroughly evaluated the bear thesis.
EIG pays a solid dividend yield of 2.9%, contributing an income component to total returns. This compares to a sector average dividend yield of 2.0%. This moderate yield suggests a balance between returning capital to shareholders and retaining earnings for reinvestment — a common profile among quality compounders.
Employers Holdings, Inc. is a small-cap company in the Finance, Insurance, And Real Estate sector, ranked #0 of 50 in its sector (100th percentile) and #4016 of 7,333 overall (45th percentile). Key comparisons include ROE of 6.2% trailing the 9.0% sector median and operating margins of 8.6% below the 18.1% sector average. This top-quartile standing reflects exceptional competitive strength relative to Finance, Insurance, And Real Estate peers.
While EIG currently exhibits a AVOID profile, superior opportunities exist within the FINANCE, INSURANCE, AND REAL ESTATE sector. Our model identifies several "Strong Buy" candidates with higher quality scores and more attractive valuations among direct industry competitors.
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Improvement in Value (23) would have the largest impact on the composite score.
EV/EBITDA 38% ABOVE SECTOR MEDIAN
ROE 31% BELOW SECTOR MEDIAN
Gross Margin 54% BELOW SECTOR MEDIAN
Above 50MA
37.18%
Net New Highs
+51081
Employers Holdings reports mixed Q4 2025 results with a significant earnings beat but a substantial revenue miss, amid underwriting challenges and strong capital returns.
Azarias Capital Management initiated a new $2.98 million position in Employers Holdings (EIG), acquiring 69,108 shares despite the stock being down 10% over the past year. The workers' compensation insurance company recently faced challenges with a 129.7% combined ratio in Q3 and an $8.3 million net loss, but management responded with reserve strengthening, tightened underwriting, and a $250 million share repurchase authorization. The stock trades below its adjusted book value of $51.31, presenting a contrarian investment opportunity.
Although the revenue and EPS for Employers Holdings (EIG) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Lower claims frequency, moderate pricing and the adoption of technology are likely to boost the performance of Zacks Accident and Health Insurance industry players like AFL, UNM, EIG, AMSF and TRUP.