Employers Holdings Inc (EIG) to Issue Quarterly Dividend of $0.32 on March 18th

Employers Holdings Inc (NYSE:EIG) announced a quarterly dividend on Wednesday, February 18th. Stockholders of record on Wednesday, March 4th will be given a dividend of 0.32 per share by the financial services provider on Wednesday, March 18th. This represents a c) dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Wednesday, March 4th.

Employers has raised its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 4 consecutive years. Employers has a payout ratio of 36.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Employers to earn $3.45 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 37.1%.

Employers Stock Down 0.1%

NYSE EIG opened at $41.24 on Monday. Employers has a 12 month low of $35.73 and a 12 month high of $52.28. The company has a market capitalization of $803.34 million, a P/E ratio of 124.97 and a beta of 0.57. The company’s 50 day simple moving average is $43.42 and its 200 day simple moving average is $41.98. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.40 and a quick ratio of 0.40.

Employers (NYSE:EIG) last posted its quarterly earnings results on Thursday, February 19th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.25. Employers had a net margin of 1.26% and a return on equity of 2.10%. The firm had revenue of $170.50 million for the quarter, compared to analyst estimates of $217.35 million. During the same quarter in the previous year, the business posted $1.15 earnings per share. The firm’s quarterly revenue was down 21.3% compared to the same quarter last year. Equities research analysts expect that Employers will post 3.63 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on EIG. Wall Street Zen upgraded shares of Employers from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. Weiss Ratings reissued a “hold (c-)” rating on shares of Employers in a research note on Monday, December 29th. Finally, Zacks Research upgraded shares of Employers from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 24th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy”.

Employers Company Profile

Employers Holdings, Inc (NYSE: EIG) is a publicly traded property and casualty insurance holding company headquartered in Des Moines, Iowa. Through its subsidiaries, Employers Mutual Casualty Company and Employers Preferred Insurance Company, the firm specializes in providing workers’ compensation coverage alongside an array of commercial insurance products. Its service offerings include general liability, commercial auto, businessowners policies and umbrella coverages, tailored to meet the risk-management needs of small and mid-sized businesses across multiple industries.

The company markets its insurance solutions primarily through a network of independent agencies and brokers, leveraging local market expertise to underwrite policies that address the unique exposures faced by clients in manufacturing, construction, healthcare, retail and service sectors.