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

Employers Holdings, Inc. (NYSE:EIG) announced a quarterly dividend on Friday, February 21st, Wall Street Journal reports. Shareholders of record on Wednesday, March 5th will be given a dividend of 0.30 per share by the financial services provider on Wednesday, March 19th. 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, March 5th.

Employers has increased its dividend by an average of 5.7% per year over the last three years. Employers has a dividend payout ratio of 35.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Employers to earn $3.63 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 33.1%.

Employers Stock Performance

NYSE EIG traded up $0.16 during trading on Friday, reaching $48.97. 120,823 shares of the company traded hands, compared to its average volume of 124,394. The stock’s 50 day moving average price is $49.79 and its two-hundred day moving average price is $49.36. The company has a market cap of $1.21 billion, a price-to-earnings ratio of 9.17 and a beta of 0.27. Employers has a 1-year low of $38.67 and a 1-year high of $54.44.

Employers (NYSE:EIG) last released its quarterly earnings data on Thursday, February 20th. The financial services provider reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.07. The company had revenue of $216.60 million for the quarter, compared to the consensus estimate of $221.18 million. Employers had a return on equity of 9.78% and a net margin of 15.27%. Equities research analysts expect that Employers will post 3.65 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Truist Financial lifted their price objective on Employers from $55.00 to $58.00 and gave the company a “buy” rating in a report on Friday, November 1st. StockNews.com downgraded Employers from a “buy” rating to a “hold” rating in a report 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.