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

Employers Holdings, Inc. (NYSE:EIG) announced a quarterly dividend on Thursday, February 20th, Wall Street Journal reports. Investors 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 dividend yield of 2.45%. The ex-dividend date of this dividend 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 payout ratio of 35.1% meaning its dividend is sufficiently covered by earnings. Equities 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 Performance

EIG opened at $48.97 on Friday. The company has a fifty day moving average price of $49.71 and a two-hundred day moving average price of $49.38. The firm has a market capitalization of $1.21 billion, a PE ratio of 10.40 and a beta of 0.27. Employers has a 52 week low of $38.67 and a 52 week high of $54.44.

Employers (NYSE:EIG) last posted its quarterly earnings results on Thursday, February 20th. The financial services provider reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.07. The business had revenue of $216.60 million for the quarter, compared to analyst estimates of $221.18 million. Employers had a return on equity of 8.99% and a net margin of 13.47%. Equities analysts forecast that Employers will post 3.63 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on EIG. Truist Financial boosted their target price on 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 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.