Employers Repurchasing Stock, Paying Dividend

Only three months after going public, Employers Holdings on Friday announced that its board of directors has authorized a stock repurchase program for up to $75 million of the company's common stock. The carrier said it expects to purchase shares from time to time as prevailing market prices during the remainder of the year in the open market or in private transactions. Based on the May 10 closing price of the company's common stock, the authorized repurchase would represent approximately 7.3% of the 53.5 million outstanding shares, Employers said. "This repurchase program represen...