Employers Holdings, Inc. (NYSE:EIG – Get Free Report) declared a quarterly dividend on Thursday, April 25th, Zacks reports. Stockholders of record on Wednesday, May 8th will be paid a dividend of 0.30 per share by the financial services provider on Wednesday, May 22nd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date is Tuesday, May 7th. This is a positive change from Employers’s previous quarterly dividend of $0.28.
Employers has increased its dividend payment by an average of 3.2% per year over the last three years and has raised its dividend every year for the last 2 years. Employers has a dividend payout ratio of 30.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Employers to earn $3.70 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 30.3%.
Employers Stock Performance
NYSE:EIG traded up $0.50 during mid-day trading on Friday, hitting $44.01. The stock had a trading volume of 301,795 shares, compared to its average volume of 111,785. Employers has a twelve month low of $35.43 and a twelve month high of $46.78. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of 9.32 and a beta of 0.24. The company’s 50 day simple moving average is $44.50 and its 200 day simple moving average is $41.26.
Analyst Ratings Changes
Several research firms have commented on EIG. Janney Montgomery Scott downgraded shares of Employers from a “buy” rating to a “neutral” rating in a report on Tuesday, February 27th. Truist Financial lifted their target price on shares of Employers from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, February 20th.
Check Out Our Latest Analysis on EIG
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.
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