Employers Holdings Inc (EIG) to Distribute Quarterly Dividend of $0.34 on December 3rd

Employers Holdings Inc (NYSE:EIG) announced a quarterly dividend on Wednesday, October 28th. Shareholders of record on Thursday, November 12th will be given a dividend of $0.34 per share by the financial services provider on Thursday, December 3rd. This represents a $1.36 annualized dividend and a yield of 2.8%. The ex-dividend date is Thursday, November 12th.

Employers has a dividend payout ratio of 38.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Employers to earn $2.33 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 58.4%.

Employers Price Performance

Shares of NYSE EIG opened at $49.34 on Friday. The firm’s 50-day moving average price is $49.54 and its 200-day moving average price is $45.89. Employers has a 1-year low of $35.73 and a 1-year high of $53.51. The firm has a market capitalization of $886.16 million, a P/E ratio of 29.20 and a beta of 0.46. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.15.

Employers (NYSE:EIG) last released its quarterly earnings data on Wednesday, October 28th. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.12. Employers had a net margin of 3.49% and a return on equity of 5.64%. The company had revenue of $189.30 million for the quarter, compared to analysts’ expectations of $191.46 million. During the same quarter in the prior year, the firm earned ($1.10) EPS. Equities research analysts anticipate that Employers will post 2.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on EIG shares. Weiss Ratings reissued a “hold (c)” rating on shares of Employers in a research note on Tuesday, September 22nd. Truist Financial boosted their price objective on Employers from $49.00 to $59.00 and gave the company a “buy” rating in a report on Friday, July 31st. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Employers currently has a consensus rating of “Hold” and a consensus target price of $59.00.

Employers Company Profile

Employers Holdings, Inc (NYSE:EIG) is an insurance holding company specializing in workers’ compensation coverage for small and midsize businesses. Through its insurance subsidiaries, the company provides policies designed to cover workplace injuries, related medical expenses, rehabilitation, and wage-replacement benefits.

In addition to underwriting workers’ compensation insurance, Employers offers claims management, workplace-safety and loss-control services, risk-management resources, and policyholder support.