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.
TRADEMARK VIOLATION NOTICE: “Employers Holdings Inc Announces Quarterly Dividend of $0.15 (EIG)” was published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this piece on another domain, it was copied illegally and republished in violation of US and international trademark and copyright legislation. The legal version of this piece can be read at https://www.dispatchtribunal.com/2017/10/27/employers-holdings-inc-announces-quarterly-dividend-of-0-15-eig.html.
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.
Receive News & Ratings for Employers Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Employers Holdings Inc and related companies with MarketBeat.com's FREE daily email newsletter.