Candriam S.C.A. Purchases 1,586 Shares of Everest Group, Ltd. (NYSE:EG)

Candriam S.C.A. boosted its stake in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 42.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,340 shares of the company's stock after buying an additional 1,586 shares during the quarter. Candriam S.C.A.'s holdings in Everest Group were worth $1,936,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Principal Financial Group Inc. grew its holdings in Everest Group by 5.5% during the 3rd quarter. Principal Financial Group Inc. now owns 53,892 shares of the company's stock valued at $21,117,000 after purchasing an additional 2,818 shares in the last quarter. CWA Asset Management Group LLC acquired a new position in Everest Group during the 3rd quarter valued at about $340,000. Verdence Capital Advisors LLC acquired a new position in shares of Everest Group in the 3rd quarter worth approximately $389,000. Mesirow Financial Investment Management Inc. acquired a new position in shares of Everest Group in the third quarter worth about $262,000. Finally, Covestor Ltd boosted its holdings in shares of Everest Group by 9.0% in the third quarter. Covestor Ltd now owns 520 shares of the company's stock worth $204,000 after buying an additional 43 shares during the period. Hedge funds and other institutional investors own 92.64% of the company's stock.

Wall Street Analysts Forecast Growth

EG has been the topic of a number of recent analyst reports. Barclays lifted their price target on shares of Everest Group from $461.00 to $470.00 and gave the company an "overweight" rating in a research report on Tuesday, February 4th. Wells Fargo & Company dropped their price target on shares of Everest Group from $390.00 to $380.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 14th. TD Cowen dropped their target price on shares of Everest Group from $444.00 to $419.00 and set a "hold" rating on the stock in a research report on Monday, November 18th. Keefe, Bruyette & Woods boosted their target price on shares of Everest Group from $420.00 to $434.00 and gave the stock an "outperform" rating in a research report on Friday, January 10th. Finally, Jefferies Financial Group lowered shares of Everest Group from a "buy" rating to a "hold" rating and boosted their price target for the company from $420.00 to $429.00 in a report on Tuesday, November 26th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Everest Group currently has a consensus rating of "Hold" and an average target price of $416.50.

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Everest Group Price Performance

NYSE EG traded up $1.53 on Thursday, hitting $349.28. 430,394 shares of the company were exchanged, compared to its average volume of 348,551. The firm has a 50 day moving average of $351.95 and a two-hundred day moving average of $368.93. The company has a market cap of $15.00 billion, a P/E ratio of 11.12, a P/E/G ratio of 0.24 and a beta of 0.61. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.26. Everest Group, Ltd. has a 1-year low of $327.37 and a 1-year high of $407.30.

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 for the quarter, missing the consensus estimate of $11.64 by ($30.03). Everest Group had a return on equity of 9.04% and a net margin of 7.95%. On average, equities analysts predict that Everest Group, Ltd. will post 47.93 EPS for the current year.

Everest Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 17th will be given a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date of this dividend is Monday, March 17th. Everest Group's dividend payout ratio (DPR) is currently 25.47%.

Everest Group Company Profile

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.