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

Employers Holdings, Inc. (NYSE:EIG) announced a quarterly dividend on Wednesday, July 31st, Wall Street Journal reports. Investors of record on Wednesday, August 14th will be paid a dividend of 0.30 per share by the financial services provider on Wednesday, August 28th. This represents a $1.20 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date of this dividend is Wednesday, August 14th.

Employers has increased its dividend by an average of 3.2% annually over the last three years. Employers has a payout ratio of 32.6% meaning its dividend is sufficiently covered by earnings. Equities research 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 Performance

Shares of Employers stock traded up $0.26 during trading on Tuesday, hitting $45.69. 662 shares of the company’s stock were exchanged, compared to its average volume of 135,553. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 9.62 and a beta of 0.24. The business has a 50-day simple moving average of $43.79 and a 200-day simple moving average of $43.53. Employers has a 52-week low of $36.65 and a 52-week high of $49.00.

Employers (NYSE:EIG) last released its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.02. Employers had a return on equity of 9.95% and a net margin of 13.76%. The business had revenue of $217.00 million during the quarter, compared to analyst estimates of $223.82 million. During the same quarter last year, the business posted $1.17 EPS. The company’s revenue was up .8% on a year-over-year basis. On average, equities analysts anticipate that Employers will post 3.65 earnings per share for the current fiscal year.

Insider Activity

In other Employers news, insider Ann Marie Smith sold 1,764 shares of the stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $41.26, for a total transaction of $72,782.64. Following the transaction, the insider now owns 6,741 shares in the company, valued at $278,133.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

Separately, JMP Securities upgraded Employers to a “hold” rating in a research report on Thursday, August 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.