Employers Holdings, Inc. (NYSE:EIG – Get Free Report) announced a quarterly dividend on Thursday, April 25th, Zacks reports. Stockholders of record on Wednesday, May 8th will be given a dividend of 0.30 per share by the financial services provider on Wednesday, May 22nd. This represents a $1.20 annualized dividend and a dividend yield of 2.73%. The ex-dividend date is Tuesday, May 7th. This is a positive change from Employers’s previous quarterly dividend of $0.28.
Employers has raised its dividend by an average of 3.2% annually over the last three years and has raised its dividend every year for the last 2 years. Employers has a payout ratio of 30.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Employers to earn $3.70 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 30.3%.
Employers Stock Up 1.1 %
Shares of Employers stock traded up $0.50 on Friday, reaching $44.01. The company’s stock had a trading volume of 301,795 shares, compared to its average volume of 111,785. The company has a market capitalization of $1.12 billion, a P/E ratio of 9.32 and a beta of 0.24. The stock has a 50-day moving average price of $44.50 and a 200-day moving average price of $41.26. Employers has a 52-week low of $35.43 and a 52-week high of $46.78.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on the company. Truist Financial lifted their price objective on Employers from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, February 20th. Janney Montgomery Scott lowered Employers from a “buy” rating to a “neutral” rating in a report on Tuesday, February 27th.
Read Our Latest Stock Analysis on Employers
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.
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