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

Employers Holdings, Inc. (NYSE:EIG) declared a quarterly dividend on Wednesday, October 30th,Zacks Dividends 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 2.23%. The ex-dividend date of this dividend is Wednesday, November 13th.

Employers has increased its dividend by an average of 3.2% per year over the last three years. Employers has a dividend payout ratio of 32.8% meaning 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

Shares of NYSE:EIG opened at $53.86 on Tuesday. The business’s 50 day simple moving average is $48.32 and its two-hundred day simple moving average is $45.40. The firm has a market cap of $1.33 billion, a P/E ratio of 10.09 and a beta of 0.24. Employers has a 52-week low of $37.33 and a 52-week high of $54.44.

Employers (NYSE:EIG) last issued its quarterly earnings data 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 firm had revenue of $224.00 million during the quarter, compared to the consensus estimate of $225.19 million. Employers had a return on equity of 9.78% and a net margin of 15.27%. On average, equities analysts forecast that Employers will post 3.63 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on EIG shares. Truist Financial increased their price target on Employers from $55.00 to $58.00 and gave the company a “buy” rating in a research report on Friday, November 1st. JMP Securities raised Employers to a “hold” rating in a research report on Thursday, August 1st. Finally, StockNews.com downgraded Employers from a “buy” rating to a “hold” rating in a research report on Tuesday.

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.