Employers Holdings Inc Announces Quarterly Dividend of $0.32 (NYSE:EIG)

Key Points

• Employers Holdings Inc announced a quarterly dividend of $0.32 per share, with an annualized yield of 2.81% and a projected payout ratio of 37.1% for the upcoming year based on expected earnings.
• The company's stock traded down 1.2% on Wednesday, with a market cap of $1.10 billion and a PE ratio of 11.07.
• Recent insider trading activity includes EVP John M. Mutschink selling 2,000 shares, while EVP Michael Pedraja increased his holdings by purchasing 3,050 shares, reflecting differing investor sentiments within the company management.

Employers Holdings Inc (NYSE:EIG - Get Free Report) announced a quarterly dividend on Wednesday, July 30th, RTT News reports. Investors of record on Wednesday, August 13th will be given a dividend of 0.32 per share by the financial services provider on Wednesday, August 27th. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Wednesday, August 13th.

Employers has a payout ratio of 36.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Employers to earn $3.45 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 37.1%.

Employers Trading Down 5.5%

Shares of NYSE:EIG traded down $2.29 during mid-day trading on Friday, reaching $38.99. The stock had a trading volume of 472,258 shares, compared to its average volume of 166,309. The company has a market cap of $937.39 million, a P/E ratio of 9.51 and a beta of 0.52. Employers has a 1 year low of $38.19 and a 1 year high of $54.44. The business's 50 day moving average price is $46.71 and its 200 day moving average price is $48.36.

Employers (NYSE:EIG - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.94 by ($0.46). Employers had a net margin of 11.37% and a return on equity of 7.56%. The company had revenue of $246.30 million for the quarter, compared to analysts' expectations of $217.17 million. During the same quarter last year, the company earned $1.10 earnings per share. The company's revenue for the quarter was up 13.5% on a year-over-year basis. Analysts predict that Employers will post 3.63 earnings per share for the current fiscal year.

Employers Company Profile

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.