NEW YORK (
-- Employers Holdings
) has been upgraded by TheStreet Ratings from hold to buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.
Employers Holdings, Inc., through its subsidiaries, operates in the commercial property and casualty insurance industry in the United States. The company provides workers' compensation insurance to small businesses engaged in low to medium hazard industries. The company has a P/E ratio of 14.3, equal to the average insurance industry P/E ratio and below the S&P 500 P/E ratio of 22.7. Employers has a market cap of $728.5 million and is part of the
industry. Shares are up 4.2% year to date as of the close of trading on Wednesday.
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