Atria Investments Inc purchased a new position in Everest Group, Ltd. (NYSE:EG - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 1,602 shares of the company's stock, valued at approximately $581,000.
Other hedge funds have also made changes to their positions in the company. SBI Securities Co. Ltd. bought a new stake in shares of Everest Group in the 4th quarter worth approximately $31,000. Brooklyn Investment Group bought a new stake in shares of Everest Group in the 3rd quarter worth approximately $39,000. Private Trust Co. NA lifted its holdings in shares of Everest Group by 51.7% in the 3rd quarter. Private Trust Co. NA now owns 132 shares of the company's stock worth $52,000 after purchasing an additional 45 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Everest Group in the 3rd quarter worth approximately $64,000. Finally, Avior Wealth Management LLC lifted its holdings 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 worth $93,000 after purchasing an additional 47 shares during the last quarter. Institutional investors own 92.64% of the company's stock.
Everest Group Price Performance
Shares of EG stock traded down $5.52 during mid-day trading on Tuesday, hitting $359.54. 298,973 shares of the stock traded hands, compared to its average volume of 347,211. Everest Group, Ltd. has a twelve month low of $327.37 and a twelve month high of $407.30. The firm has a market cap of $15.44 billion, a price-to-earnings ratio of 11.45, a price-to-earnings-growth ratio of 0.24 and a beta of 0.61. The company's 50-day simple moving average is $351.63 and its 200-day simple moving average is $368.12. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.40 and a current ratio of 0.40.
Everest Group (NYSE:EG - Get Free Report) last issued its earnings results 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%. As a group, equities research analysts expect that Everest Group, Ltd. will post 47.93 earnings per share for the current year.
Everest Group Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 17th will be issued a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date of this dividend is Monday, March 17th. Everest Group's payout ratio is 25.47%.
Wall Street Analyst Weigh In
Several analysts have weighed in on EG shares. Jefferies Financial Group downgraded Everest Group from a "buy" rating to a "hold" rating and lifted their target price for the company from $420.00 to $429.00 in a research note on Tuesday, November 26th. Wells Fargo & Company cut their target price on Everest Group from $390.00 to $380.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods lifted their target price on Everest Group from $420.00 to $434.00 and gave the company an "outperform" rating in a research note on Friday, January 10th. TD Cowen cut their target price on Everest Group from $444.00 to $419.00 and set a "hold" rating on the stock in a research note on Monday, November 18th. Finally, Morgan Stanley reaffirmed an "equal weight" rating and set a $340.00 target price (down previously from $425.00) on shares of Everest Group in a research note on Wednesday, February 5th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $416.50.
Check Out Our Latest Stock Analysis on EG
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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