Cwm LLC Has $983,000 Stake in Employers Holdings, Inc. (NYSE:EIG)

Cwm LLC trimmed its holdings in shares of Employers Holdings, Inc. (NYSE:EIG) by 6.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,951 shares of the financial services provider’s stock after selling 1,631 shares during the quarter. Cwm LLC’s holdings in Employers were worth $983,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. PNC Financial Services Group Inc. increased its position in Employers by 13.6% during the third quarter. PNC Financial Services Group Inc. now owns 2,516 shares of the financial services provider’s stock worth $101,000 after buying an additional 302 shares during the last quarter. Swiss National Bank boosted its holdings in Employers by 0.7% during the third quarter. Swiss National Bank now owns 59,100 shares of the financial services provider’s stock valued at $2,361,000 after acquiring an additional 400 shares during the period. GSA Capital Partners LLP boosted its holdings in Employers by 1.8% during the third quarter. GSA Capital Partners LLP now owns 25,667 shares of the financial services provider’s stock valued at $1,025,000 after acquiring an additional 466 shares during the period. HighTower Advisors LLC boosted its holdings in Employers by 5.9% during the third quarter. HighTower Advisors LLC now owns 11,272 shares of the financial services provider’s stock valued at $452,000 after acquiring an additional 627 shares during the period. Finally, SG Americas Securities LLC boosted its holdings in Employers by 14.8% during the fourth quarter. SG Americas Securities LLC now owns 5,702 shares of the financial services provider’s stock valued at $225,000 after acquiring an additional 737 shares during the period. 80.49% of the stock is owned by institutional investors and hedge funds.

Employers Trading Up 1.1 %

NYSE EIG opened at $44.01 on Monday. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 9.32 and a beta of 0.24. The company has a 50 day moving average of $44.50 and a 200-day moving average of $41.28. Employers Holdings, Inc. has a 1-year low of $35.43 and a 1-year high of $46.78.

Employers (NYSE:EIG) last posted its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.02). The firm had revenue of $223.10 million for the quarter, compared to analyst estimates of $217.46 million. Employers had a return on equity of 10.65% and a net margin of 14.16%. The business’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.60 EPS. On average, analysts forecast that Employers Holdings, Inc. will post 3.73 earnings per share for the current year.

Employers Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.73%. This is a positive change from Employers’s previous quarterly dividend of $0.28. Employers’s dividend payout ratio (DPR) is currently 23.73%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Truist Financial upped their price target on shares of Employers from $53.00 to $55.00 and gave the company a “buy” rating in a report on Tuesday, February 20th. Janney Montgomery Scott cut shares of Employers from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 27th.

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.