Employers Holdings Inc (EIG) To Go Ex-Dividend on August 12th

Employers Holdings Inc (NYSE:EIG) declared a quarterly dividend on Wednesday, July 29th. Investors of record on Wednesday, August 12th will be paid a dividend of 0.34 per share by the financial services provider on Wednesday, August 26th. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Wednesday, August 12th.

Employers has raised its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 4 consecutive years. Employers has a dividend payout ratio of 38.9% indicating that 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 Down 0.1%

EIG opened at $49.46 on Monday. The company has a market capitalization of $888.37 million, a P/E ratio of 71.69 and a beta of 0.47. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.39 and a quick ratio of 0.39. The firm’s fifty day moving average price is $48.81 and its two-hundred day moving average price is $44.48. Employers has a fifty-two week low of $35.73 and a fifty-two week high of $52.59.

Employers (NYSE:EIG) last announced its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.13. Employers had a net margin of 0.91% and a return on equity of 1.30%. The company had revenue of $220.20 million during the quarter, compared to analysts’ expectations of $203.51 million. During the same quarter in the prior year, the company posted $0.48 EPS. The business’s revenue was down 10.6% on a year-over-year basis. On average, analysts anticipate that Employers will post 2.23 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.