Carolina Wealth Advisors LLC Has $3.58 Million Holdings in Employers Holdings, Inc. (NYSE:EIG)

Carolina Wealth Advisors LLC trimmed its position in shares of Employers Holdings, Inc. (NYSE:EIG) by 4.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 74,524 shares of the financial services provider’s stock after selling 3,486 shares during the quarter. Employers makes up about 1.8% of Carolina Wealth Advisors LLC’s investment portfolio, making the stock its 21st largest holding. Carolina Wealth Advisors LLC owned approximately 0.29% of Employers worth $3,575,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in EIG. Vanguard Group Inc. grew its position in Employers by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 3,154,256 shares of the financial services provider’s stock worth $124,278,000 after acquiring an additional 16,997 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Employers by 81.2% during the 1st quarter. BNP Paribas Financial Markets now owns 13,171 shares of the financial services provider’s stock valued at $598,000 after acquiring an additional 5,903 shares during the last quarter. Mutual of America Capital Management LLC bought a new stake in Employers during the first quarter worth approximately $201,000. Texas Permanent School Fund Corp lifted its stake in shares of Employers by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 22,511 shares of the financial services provider’s stock worth $1,022,000 after buying an additional 292 shares during the last quarter. Finally, LSV Asset Management grew its stake in Employers by 58.9% in the 1st quarter. LSV Asset Management now owns 798,826 shares of the financial services provider’s stock valued at $36,259,000 after buying an additional 295,983 shares during the last quarter. Institutional investors own 80.49% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, JMP Securities upgraded Employers to a “hold” rating in a research note on Thursday, August 1st.

Employers Stock Performance

Shares of NYSE:EIG traded down $0.42 on Monday, hitting $48.95. 17,699 shares of the company were exchanged, compared to its average volume of 130,140. The company’s 50 day moving average price is $47.56 and its two-hundred day moving average price is $44.80. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 10.45 and a beta of 0.24. Employers Holdings, Inc. has a one year low of $36.65 and a one year high of $50.00.

Employers (NYSE:EIG) last posted its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.10 EPS for the quarter, beating the consensus estimate of $1.08 by $0.02. The firm had revenue of $217.00 million during the quarter, compared to analysts’ expectations of $223.82 million. Employers had a return on equity of 9.95% and a net margin of 13.76%. The company’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.17 EPS. Research analysts predict that Employers Holdings, Inc. will post 3.63 earnings per share for the current year.

Employers Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Wednesday, August 14th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.45%. The ex-dividend date was Wednesday, August 14th. Employers’s dividend payout ratio (DPR) is presently 25.42%.

About Employers

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.