Employers Holdings, Inc. (NYSE:EIG – Get Free Report) declared a quarterly dividend on Wednesday, April 24th, Zacks reports. Investors 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 annualized dividend and a yield of 2.81%. 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 by an average of 3.2% per year over the last three years and has raised its dividend every year for the last 3 years. Employers has a payout ratio of 33.1% indicating that its dividend is sufficiently covered by earnings. 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 Down 1.1 %
Shares of NYSE:EIG opened at $42.71 on Monday. The business’s 50 day moving average is $44.23 and its 200 day moving average is $41.37. Employers has a 12-month low of $35.43 and a 12-month high of $46.78. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 9.05 and a beta of 0.25.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on EIG shares. Truist Financial upped their target price on Employers from $53.00 to $55.00 and gave the company a “buy” rating in a report on Tuesday, February 20th. Janney Montgomery Scott lowered shares of Employers from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 27th.
Check Out Our Latest Report on Employers
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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