Employers Holdings, Inc. (NYSE:EIG) Shares Sold by Carolina Wealth Advisors LLC

Carolina Wealth Advisors LLC reduced its stake in Employers Holdings, Inc. (NYSE:EIG) by 1.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 73,300 shares of the financial services provider’s stock after selling 1,224 shares during the period. Employers accounts for about 2.0% of Carolina Wealth Advisors LLC’s holdings, making the stock its 20th biggest position. Carolina Wealth Advisors LLC’s holdings in Employers were worth $3,755,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Texas Permanent School Fund Corp lifted its position in Employers by 12.3% in the second quarter. Texas Permanent School Fund Corp now owns 25,282 shares of the financial services provider’s stock valued at $1,078,000 after acquiring an additional 2,771 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Employers by 24.2% in the 2nd quarter. American Century Companies Inc. now owns 458,722 shares of the financial services provider’s stock valued at $19,555,000 after purchasing an additional 89,429 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Employers by 0.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,103,051 shares of the financial services provider’s stock valued at $89,653,000 after purchasing an additional 13,889 shares during the period. Mercer Global Advisors Inc. ADV grew its stake in Employers by 23.3% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 12,151 shares of the financial services provider’s stock worth $518,000 after buying an additional 2,298 shares during the last quarter. Finally, Inspire Investing LLC lifted its stake in Employers by 4.3% in the second quarter. Inspire Investing LLC now owns 8,225 shares of the financial services provider’s stock valued at $351,000 after buying an additional 336 shares during the last quarter. Institutional investors and hedge funds own 80.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Truist Financial raised their price objective on shares of Employers from $55.00 to $58.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. StockNews.com downgraded shares of Employers from a “buy” rating to a “hold” rating in a report on Friday, December 20th.

Employers Stock Up 0.9 %

Shares of NYSE EIG opened at $49.79 on Thursday. The stock has a market capitalization of $1.23 billion, a PE ratio of 9.32 and a beta of 0.27. The firm has a fifty day moving average of $51.74 and a 200-day moving average of $48.58. Employers Holdings, Inc. has a 52-week low of $38.67 and a 52-week high of $54.44.

Employers (NYSE:EIG) last released its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.03. The business had revenue of $224.00 million during the quarter, compared to analyst estimates of $225.19 million. Employers had a net margin of 15.27% and a return on equity of 9.78%. Equities research analysts expect that Employers Holdings, Inc. will post 3.65 EPS for the current fiscal year.

Employers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.41%. The ex-dividend date was Wednesday, November 13th. Employers’s dividend payout ratio (DPR) is presently 22.47%.

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.