Employers Holdings, Inc. (EIG) to Issue Quarterly Dividend of $0.30 on November 27th

Employers Holdings, Inc. (NYSE:EIG) announced a quarterly dividend on Wednesday, October 30th, Zacks reports. Investors of record on Wednesday, November 13th will be given a dividend of 0.30 per share by the financial services provider on Wednesday, November 27th. This represents a $1.20 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date of this dividend is Wednesday, November 13th.

Employers has raised its dividend by an average of 3.2% annually over the last three years. Employers has a dividend payout ratio of 33.1% indicating that its dividend is sufficiently covered by earnings. Research 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 Trading Up 0.6 %

Shares of EIG stock traded up $0.29 during mid-day trading on Friday, reaching $49.01. The stock had a trading volume of 4,111 shares, compared to its average volume of 129,581. Employers has a 52-week low of $37.33 and a 52-week high of $50.00. The stock’s 50-day moving average price is $47.94 and its two-hundred day moving average price is $45.08. The firm has a market capitalization of $1.22 billion, a PE ratio of 9.13 and a beta of 0.24.

Employers (NYSE:EIG) last announced its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.03. Employers had a net margin of 15.27% and a return on equity of 9.96%. The company had revenue of $224.00 million for the quarter, compared to analysts’ expectations of $225.19 million. On average, equities research analysts forecast that Employers will post 3.63 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Truist Financial upped 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 raised Employers to a “hold” rating in a research report on Thursday, August 1st.

About Employers

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.