Employers Holdings, Inc. (EIG) to Issue Quarterly Dividend of $0.30 on March 19th

Employers Holdings, Inc. (NYSE:EIG) announced a quarterly dividend on Thursday, February 20th, Wall Street Journal reports. Stockholders 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 dividend yield of 2.45%. 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 payout ratio of 35.1% meaning its dividend is sufficiently covered by earnings. 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 0.3 %

Shares of Employers stock opened at $48.97 on Friday. The stock has a market capitalization of $1.21 billion, a P/E ratio of 10.40 and a beta of 0.27. Employers has a 12-month low of $38.67 and a 12-month high of $54.44. The company has a 50-day simple moving average of $49.71 and a 200 day simple moving average of $49.38.

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

Analyst Ratings Changes

EIG has been the topic of a number of recent analyst reports. StockNews.com lowered Employers from a “buy” rating to a “hold” rating in a research note on Friday, December 20th. Truist Financial increased their price objective on shares of Employers from $55.00 to $58.00 and gave the stock a “buy” rating in a report on Friday, November 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.