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

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 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 increased its dividend by an average of 5.7% per year over the last three years. Employers has a payout ratio of 35.1% indicating that its dividend is sufficiently covered by earnings. Equities 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 Up 0.3 %

Shares of Employers stock traded up $0.16 during trading on Friday, reaching $48.97. The company’s stock had a trading volume of 198,080 shares, compared to its average volume of 127,246. 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. The company has a 50-day simple moving average of $49.79 and a two-hundred day simple moving average of $49.36.

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 analysts’ consensus estimates of $1.08 by $0.07. The firm had revenue of $216.60 million during the quarter, compared to analysts’ expectations of $221.18 million. Employers had a return on equity of 9.78% and a net margin of 15.27%. As a group, analysts anticipate that Employers will post 3.65 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. StockNews.com cut Employers from a “buy” rating to a “hold” rating in a research report on Friday, December 20th. Truist Financial raised their target price on Employers from $55.00 to $58.00 and gave the stock a “buy” rating in a research note on Friday, November 1st.

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.