Employers Holdings, Inc. (NYSE:EIG) announced a quarterly dividend on Wednesday, July 22nd, Zacks reports. Shareholders of record on Wednesday, August 5th will be paid a dividend of 0.25 per share by the financial services provider on Wednesday, August 19th. This represents a $1.00 annualized dividend and a yield of 3.08%. The ex-dividend date of this dividend is Tuesday, August 4th.

Employers has raised its dividend by an average of 144.4% annually over the last three years and has raised its dividend every year for the last 4 years. Employers has a dividend payout ratio of 83.3% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect Employers to earn $1.75 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 57.1%.

Employers stock opened at $32.52 on Friday. Employers has a fifty-two week low of $25.53 and a fifty-two week high of $44.90. The stock has a market cap of $951.89 million, a P/E ratio of 11.49 and a beta of 0.14. The firm’s fifty day moving average price is $30.39 and its 200-day moving average price is $34.85.

Employers (NYSE:EIG) last released its earnings results on Thursday, July 23rd. The financial services provider reported $0.85 EPS for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.58. Employers had a return on equity of 7.12% and a net margin of 11.30%. The business had revenue of $211.40 million for the quarter, compared to analysts’ expectations of $164.18 million. On average, equities research analysts forecast that Employers will post 1.68 EPS for the current year.

EIG has been the subject of a number of recent research reports. Boenning Scattergood downgraded Employers from an “outperform” rating to a “neutral” rating in a research report on Monday, April 27th. Zacks Investment Research raised shares of Employers from a “hold” rating to a “strong-buy” rating and set a $38.00 price target on the stock in a research note on Friday, July 24th.

In related news, CEO Douglas D. Dirks acquired 6,000 shares of the company’s stock in a transaction dated Monday, May 4th. The stock was purchased at an average price of $29.17 per share, with a total value of $175,020.00. Following the completion of the purchase, the chief executive officer now owns 474,347 shares in the company, valued at approximately $13,836,701.99. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Lawrence S. Rogers sold 1,360 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $29.38, for a total transaction of $39,956.80. Following the completion of the transaction, the senior vice president now owns 11,598 shares in the company, valued at approximately $340,749.24. The disclosure for this sale can be found here. In the last quarter, insiders bought 9,500 shares of company stock worth $276,590. Company insiders own 2.90% of the company’s stock.

Employers Company Profile

Employers Holdings, Inc, through its subsidiaries, operates in the commercial property and casualty insurance industry primarily in the United States. It offers workers' compensation insurance to small businesses in low to medium hazard industries. The company markets its products through independent local, regional, and national agents and brokers; alternative distribution channels comprising its partners; and through national, regional, and local trade groups and associations, as well as directly to customers.

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Dividend History for Employers (NYSE:EIG)

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