Employers Holdings Inc Announces Quarterly Dividend of $0.15 (EIG)

Employers Holdings Inc (NYSE:EIG) announced a quarterly dividend on Thursday, October 26th, Wall Street Journal reports. Investors of record on Wednesday, November 8th will be paid a dividend of 0.15 per share by the financial services provider on Wednesday, November 22nd. This represents a $0.60 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend is Tuesday, November 7th.

Employers Holdings has increased its dividend by an average of 14.5% per year over the last three years. Employers Holdings has a dividend payout ratio of 25.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Employers Holdings to earn $2.35 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 25.5%.

Shares of Employers Holdings (NYSE EIG) opened at 46.80 on Friday. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of 14.49 and a beta of 1.12. Employers Holdings has a 52 week low of $29.55 and a 52 week high of $47.25. The company has a 50-day moving average price of $44.31 and a 200 day moving average price of $42.15.

Employers Holdings (NYSE:EIG) last posted its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.65 EPS for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.08. Employers Holdings had a return on equity of 10.53% and a net margin of 13.32%. The firm had revenue of $210.50 million for the quarter, compared to analyst estimates of $193.04 million. Analysts expect that Employers Holdings will post $2.28 EPS for the current fiscal year.

EIG has been the topic of a number of recent research reports. Zacks Investment Research lowered Employers Holdings from a “buy” rating to a “hold” rating in a research note on Friday, September 8th. Buckingham Research initiated coverage on Employers Holdings in a research note on Monday, September 11th. They set an “underperform” rating and a $36.00 price objective on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $42.00.

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About Employers Holdings

Employers Holdings, Inc is a holding company. Through its insurance subsidiaries, the Company provides workers’ compensation insurance coverage to select, small businesses in low to medium hazard industries. It provides workers’ compensation insurance under a statutory system wherein employers are required to provide coverage for their employees’ medical, disability, vocational rehabilitation, and/or death benefit costs for work-related injuries or illnesses.

Dividend History for Employers Holdings (NYSE:EIG)

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