Andra AP fonden lessened its stake in Everest Group, Ltd. (NYSE:EG - Free Report) by 19.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,700 shares of the company's stock after selling 6,400 shares during the quarter. Andra AP fonden owned about 0.06% of Everest Group worth $9,678,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently modified their holdings of the stock. SBI Securities Co. Ltd. bought a new position in shares of Everest Group in the 4th quarter valued at about $31,000. Brooklyn Investment Group bought a new position in Everest Group in the third quarter valued at approximately $39,000. Private Trust Co. NA grew its holdings in Everest Group by 51.7% during the 3rd quarter. Private Trust Co. NA now owns 132 shares of the company's stock worth $52,000 after acquiring an additional 45 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Everest Group during the 3rd quarter valued at $64,000. Finally, Avior Wealth Management LLC lifted its stake in shares of Everest Group by 22.4% in the 4th quarter. Avior Wealth Management LLC now owns 257 shares of the company's stock valued at $93,000 after purchasing an additional 47 shares during the period. 92.64% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on EG shares. BMO Capital Markets cut shares of Everest Group from an "outperform" rating to a "market perform" rating and reduced their price target for the stock from $453.00 to $375.00 in a research report on Thursday, January 30th. TD Cowen reduced their target price on Everest Group from $444.00 to $419.00 and set a "hold" rating on the stock in a report on Monday, November 18th. Wells Fargo & Company lowered their price target on Everest Group from $390.00 to $380.00 and set an "equal weight" rating for the company in a report on Tuesday, January 14th. Barclays lifted their price objective on Everest Group from $461.00 to $470.00 and gave the company an "overweight" rating in a report on Tuesday, February 4th. Finally, Jefferies Financial Group downgraded shares of Everest Group from a "buy" rating to a "hold" rating and raised their target price for the stock from $420.00 to $429.00 in a report on Tuesday, November 26th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Everest Group presently has a consensus rating of "Hold" and a consensus price target of $416.50.
Read Our Latest Research Report on EG
Everest Group Stock Down 1.7 %
Shares of NYSE:EG traded down $6.19 during midday trading on Wednesday, reaching $348.00. The company had a trading volume of 414,506 shares, compared to its average volume of 348,229. Everest Group, Ltd. has a 1-year low of $327.37 and a 1-year high of $407.30. The stock has a market cap of $14.94 billion, a PE ratio of 11.08, a P/E/G ratio of 0.24 and a beta of 0.61. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.26. The business's 50 day moving average price is $352.24 and its 200 day moving average price is $369.07.
Everest Group (NYSE:EG - Get Free Report) last announced its quarterly earnings data on Monday, February 3rd. The company reported ($18.39) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $11.64 by ($30.03). Everest Group had a return on equity of 9.04% and a net margin of 7.95%. Research analysts forecast that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.
Everest Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 17th will be given a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date is Monday, March 17th. Everest Group's dividend payout ratio (DPR) is presently 25.47%.
About Everest Group
(
Free Report)
Everest Group, Ltd., through its subsidiaries, provides reinsurance and insurance products in the United States, Europe, and internationally. The company operates through two segment, Insurance and Reinsurance. The Reinsurance segment writes property and casualty reinsurance; and specialty lines of business through reinsurance brokers, as well as directly with ceding companies in the United States, Bermuda, Ireland, Canada, Singapore, Switzerland, and the United Kingdom.
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