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

Employers Holdings, Inc. (NYSE:EIG) announced a quarterly dividend on Thursday, August 1st, Wall Street Journal reports. Stockholders of record on Wednesday, August 14th will be given 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 dividend yield of 2.59%. The ex-dividend date of this dividend is Wednesday, August 14th.

Employers has increased its dividend payment by an average of 3.2% annually over the last three years. Employers has a payout ratio of 33.0% meaning its dividend is sufficiently covered by earnings. Equities 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 Trading Down 3.6 %

NYSE EIG traded down $1.73 during trading on Thursday, hitting $46.28. The company had a trading volume of 152,024 shares, compared to its average volume of 135,867. The company’s fifty day moving average is $43.04 and its 200-day moving average is $43.21. Employers has a one year low of $36.65 and a one year high of $49.00. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 9.85 and a beta of 0.24.

Employers (NYSE:EIG) last issued its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.10 EPS for the quarter, topping the consensus estimate of $1.08 by $0.02. The business had revenue of $217.00 million during the quarter, compared to analyst estimates of $223.82 million. Employers had a net margin of 14.16% and a return on equity of 10.49%. Employers’s quarterly revenue was up .8% compared to the same quarter last year. During the same period last year, the business posted $1.17 earnings per share. As a group, equities analysts anticipate that Employers will post 3.65 EPS for the current year.

Insider Buying and Selling

In other Employers news, insider Ann Marie Smith sold 1,764 shares of the stock in a transaction 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 sale, the insider now directly owns 6,741 shares in the company, valued at approximately $278,133.66. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.50% of the stock is owned by company insiders.

About Employers

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.