Employers Holdings Inc (NYSE:EIG) Declares Quarterly Dividend of $0.34

Employers Holdings Inc (NYSE:EIG) declared a quarterly dividend on Wednesday, October 28th. Investors 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 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Thursday, November 12th.

Employers has a dividend payout ratio of 38.9% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Trading Down 1.1%

Shares of NYSE EIG opened at $51.37 on Thursday. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.15. The stock’s 50 day moving average price is $49.51 and its two-hundred day moving average price is $45.87. Employers has a 52-week low of $35.73 and a 52-week high of $53.51. The stock has a market capitalization of $922.57 million, a P/E ratio of 74.44 and a beta of 0.46.

Employers (NYSE:EIG) last issued its quarterly earnings results on Wednesday, October 28th. The financial services provider reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.12. Employers had a return on equity of 1.30% and a net margin of 0.91%. The business had revenue of $189.30 million during the quarter, compared to the consensus estimate of $191.46 million. During the same period in the previous year, the business earned ($1.10) EPS. On average, analysts anticipate that Employers will post 2.23 earnings per share for the current fiscal year.

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.