Employers Holdings Inc (NYSE:EIG) declared a quarterly dividend on Thursday, October 26th, Wall Street Journal reports. Investors of record on Wednesday, November 8th will be given a dividend of 0.15 per share by the financial services provider on Wednesday, November 22nd. This represents a $0.60 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date is Tuesday, November 7th.
Employers Holdings has increased its dividend by an average of 14.5% per year over the last three years. Employers Holdings has a dividend payout ratio of 25.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Employers Holdings to earn $2.40 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 25.0%.
Employers Holdings (NYSE:EIG) last issued its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.08. The firm had revenue of $210.50 million during the quarter, compared to analysts’ expectations of $193.04 million. Employers Holdings had a net margin of 13.32% and a return on equity of 10.39%.
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A number of analysts recently weighed in on EIG shares. Zacks Investment Research cut shares of Employers Holdings from a “buy” rating to a “hold” rating in a research note on Monday, September 25th. SunTrust Banks, Inc. restated a “buy” rating and issued a $53.00 target price on shares of Employers Holdings in a research note on Friday, October 27th. BidaskClub cut shares of Employers Holdings from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Buckingham Research initiated coverage on shares of Employers Holdings in a research note on Monday, September 11th. They issued an “underperform” rating and a $36.00 target price for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $47.33.
About Employers Holdings
Employers Holdings, Inc is a holding company. Through its insurance subsidiaries, the Company provides workers’ compensation insurance coverage to select, small businesses in low to medium hazard industries. It provides workers’ compensation insurance under a statutory system wherein employers are required to provide coverage for their employees’ medical, disability, vocational rehabilitation, and/or death benefit costs for work-related injuries or illnesses.
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