Employers Holdings Inc (NYSE:EIG) Shareholders to Get $0.34 Quarterly Dividend

Key Points

• Employers Holdings declared a quarterly dividend of $0.34 per share, payable December 3 to shareholders of record on November 12. The annualized dividend is $1.36 per share, representing a 2.6% yield.
• The dividend appears supported by earnings, with a current payout ratio of 38.9%; analysts expect a future payout ratio of 58.4% based on projected earnings of $2.33 per share.
• Employers reported quarterly EPS of $0.71, exceeding analyst expectations of $0.59, while revenue of $189.3 million fell short of the $191.46 million consensus estimate. Institutional investors own approximately 80.5% of the company’s shares.

Employers Holdings Inc (NYSE:EIG - Get Free Report) declared a quarterly dividend on Wednesday, October 28th. Stockholders of record on Thursday, November 12th will be paid 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 dividend yield of 2.6%. The ex-dividend date is Thursday, November 12th.

Employers has a dividend payout ratio of 38.9% meaning its dividend is sufficiently covered by earnings. 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 Stock Down 1.1%

EIG opened at $51.37 on Thursday. 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 business has a 50 day simple moving average of $49.51 and a 200-day simple moving average of $45.87. The stock has a market capitalization of $922.57 million, a P/E ratio of 74.44 and a beta of 0.46. Employers has a 12 month low of $35.73 and a 12 month high of $53.51.

Employers (NYSE:EIG - Get Free Report) last released its earnings results on Wednesday, October 28th. The financial services provider reported $0.71 EPS 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 company had revenue of $189.30 million during the quarter, compared to the consensus estimate of $191.46 million. During the same quarter last year, the company earned ($1.10) earnings per share. On average, equities analysts anticipate that Employers will post 2.23 earnings per share for the current fiscal year.

Institutional Trading of Employers

Several hedge funds and other institutional investors have recently bought and sold shares of EIG. Bessemer Group Inc. increased its position in shares of Employers by 227.1% during the first quarter. Bessemer Group Inc. now owns 651 shares of the financial services provider's stock worth $27,000 after acquiring an additional 452 shares during the last quarter. Nykredit A S acquired a new position in shares of Employers in the second quarter worth about $30,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Employers in the second quarter valued at about $35,000. Global Retirement Partners LLC purchased a new position in Employers in the second quarter valued at about $41,000. Finally, Fortitude Family Office LLC acquired a new stake in Employers during the 3rd quarter valued at approximately $78,000. 80.49% of the stock is owned by hedge funds and other institutional investors.

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.

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