Employers Holdings, Inc. to Issue Quarterly Dividend of $0.30 (NYSE:EIG)

Employers Holdings, Inc. (NYSE:EIG - Get Free Report) declared a quarterly dividend on Wednesday, October 30th, Zacks reports. Shareholders of record on Wednesday, November 13th will be paid a dividend of 0.30 per share by the financial services provider on Wednesday, November 27th. This represents a $1.20 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend is Wednesday, November 13th.

Employers has raised its dividend payment by an average of 3.2% per year over the last three years. Employers has a payout ratio of 33.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Employers to earn $3.58 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 33.5%.

Employers Stock Performance

EIG traded down $0.88 during trading on Friday, hitting $47.84. The stock had a trading volume of 88,127 shares, compared to its average volume of 129,977. The firm has a market capitalization of $1.19 billion, a P/E ratio of 9.13 and a beta of 0.24. The company's 50-day moving average price is $47.94 and its 200 day moving average price is $45.08. Employers has a twelve month low of $37.33 and a twelve month high of $50.00.

Employers (NYSE:EIG - Get Free Report) last issued its earnings results on Wednesday, October 30th. The financial services provider reported $0.81 EPS for the quarter, topping the consensus estimate of $0.78 by $0.03. The company had revenue of $224.00 million for the quarter, compared to analyst estimates of $225.19 million. Employers had a net margin of 15.27% and a return on equity of 9.96%. As a group, equities analysts expect that Employers will post 3.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have commented on EIG. Truist Financial boosted their target price on shares of Employers from $55.00 to $58.00 and gave the stock a "buy" rating in a research report on Friday. JMP Securities upgraded shares of Employers to a "hold" rating in a research report on Thursday, August 1st.

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.