Employers Holdings, Inc. (NYSE:EIG) Plans $0.30 Quarterly Dividend

Employers Holdings, Inc. (NYSE:EIG - Get Free Report) declared a quarterly dividend on Thursday, February 20th, Wall Street Journal reports. Shareholders of record on Wednesday, March 5th will be paid a dividend of 0.30 per share by the financial services provider on Wednesday, March 19th. This represents a $1.20 annualized dividend and a yield of 2.36%. The ex-dividend date is Wednesday, March 5th.

Employers has raised its dividend payment by an average of 5.7% per year over the last three years. Employers has a dividend payout ratio of 35.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Employers to earn $3.45 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 34.8%.

Employers Stock Up 3.2 %

Shares of EIG traded up $1.57 during midday trading on Tuesday, hitting $50.90. The company's stock had a trading volume of 210,344 shares, compared to its average volume of 130,262. Employers has a one year low of $38.67 and a one year high of $54.44. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of 10.81 and a beta of 0.27. The company's fifty day simple moving average is $49.64 and its two-hundred day simple moving average is $49.49.

Employers (NYSE:EIG - Get Free Report) last released its earnings results on Thursday, February 20th. The financial services provider reported $1.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.08 by $0.07. The firm had revenue of $216.60 million for the quarter, compared to analysts' expectations of $221.18 million. Employers had a return on equity of 8.99% and a net margin of 13.47%. On average, research analysts predict that Employers will post 3.63 earnings per share for the current year.

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Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Truist Financial upped their price objective on shares of Employers from $55.00 to $58.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. StockNews.com cut shares of Employers from a "buy" rating to a "hold" rating in a research note on Friday, December 20th.

Employers Company Profile

Employers Holdings, Inc, through its subsidiaries, operates in the commercial property and casualty insurance industry primarily in the United States. The company operates in two segments, Employers and Cerity. It offers workers' compensation insurance to small businesses in low to medium hazard industries under the Employers and Cerity brands.