Employers Holdings Inc (EIG) To Go Ex-Dividend on May 13th

Employers Holdings Inc (NYSE:EIG) declared a quarterly dividend on Wednesday, April 29th. Stockholders of record on Wednesday, May 13th will be given a dividend of 0.34 per share by the financial services provider on Wednesday, May 27th. This represents a c) dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Wednesday, May 13th. This is a 6.3% increase from Employers’s previous quarterly dividend of $0.32.

Employers has increased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 4 years. Employers has a payout ratio of 38.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Employers to earn $2.35 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 57.9%.

Employers Stock Up 0.0%

EIG stock opened at $42.03 on Monday. The business’s 50-day moving average price is $41.23 and its 200-day moving average price is $41.63. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.14. Employers has a twelve month low of $35.73 and a twelve month high of $50.37. The stock has a market cap of $766.65 million, a P/E ratio of 127.37 and a beta of 0.48.

Employers (NYSE:EIG) last posted its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.02). Employers had a return on equity of 1.10% and a net margin of 0.95%.The business had revenue of $207.60 million during the quarter, compared to the consensus estimate of $213.04 million. During the same quarter in the previous year, the company earned $0.87 earnings per share. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, equities research analysts forecast that Employers will post 2.22 EPS for the current year.

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.