Carolina Wealth Advisors LLC Buys 889 Shares of Employers Holdings Inc $EIG

Carolina Wealth Advisors LLC increased its stake in Employers Holdings Inc (NYSE:EIG) by 1.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 73,309 shares of the financial services provider’s stock after purchasing an additional 889 shares during the quarter. Employers makes up approximately 1.7% of Carolina Wealth Advisors LLC’s portfolio, making the stock its 21st biggest holding. Carolina Wealth Advisors LLC’s holdings in Employers were worth $3,459,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. GAMMA Investing LLC raised its holdings in shares of Employers by 16.4% in the 1st quarter. GAMMA Investing LLC now owns 2,147 shares of the financial services provider’s stock worth $109,000 after purchasing an additional 302 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of Employers by 8.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,895 shares of the financial services provider’s stock worth $147,000 after purchasing an additional 215 shares during the period. XTX Topco Ltd purchased a new position in Employers in the 1st quarter valued at approximately $294,000. Royal Bank of Canada grew its stake in Employers by 32.8% in the 1st quarter. Royal Bank of Canada now owns 6,037 shares of the financial services provider’s stock valued at $306,000 after buying an additional 1,490 shares in the last quarter. Finally, Handelsbanken Fonder AB grew its stake in Employers by 22.7% in the 1st quarter. Handelsbanken Fonder AB now owns 7,037 shares of the financial services provider’s stock valued at $356,000 after buying an additional 1,300 shares in the last quarter. Institutional investors own 80.49% of the company’s stock.

Employers Stock Performance

NYSE EIG opened at $42.62 on Friday. Employers Holdings Inc has a 52-week low of $38.19 and a 52-week high of $54.44. The company has a market capitalization of $1.00 billion, a P/E ratio of 10.40 and a beta of 0.50. The company has a fifty day moving average of $42.36 and a 200-day moving average of $46.05.

Employers (NYSE:EIG) last posted 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 return on equity of 7.56% and a net margin of 11.37%.The company had revenue of $246.30 million for the quarter, compared to the consensus estimate of $217.17 million. During the same period in the prior year, the firm posted $1.10 earnings per share. The business’s revenue was up 13.5% on a year-over-year basis. As a group, analysts forecast that Employers Holdings Inc will post 3.63 EPS for the current fiscal year.

Employers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Wednesday, August 13th. Employers’s payout ratio is currently 31.22%.

Analyst Ratings Changes

EIG has been the subject of a number of recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Employers in a research report on Saturday, September 27th. Wall Street Zen lowered shares of Employers from a “hold” rating to a “sell” rating in a research report on Monday, August 25th. Finally, Zacks Research upgraded shares of Employers from a “strong sell” rating to a “hold” rating in a research report on Monday, September 29th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $58.00.

Employers 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.