Catalyst Funds Management Pty Ltd grew its stake in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 600.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,400 shares of the company's stock after acquiring an additional 1,200 shares during the quarter. Catalyst Funds Management Pty Ltd's holdings in Everest Group were worth $507,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Mizuho Securities USA LLC boosted its stake in Everest Group by 12,263.1% during the 3rd quarter. Mizuho Securities USA LLC now owns 415,400 shares of the company's stock valued at $162,766,000 after purchasing an additional 412,040 shares during the last quarter. World Investment Advisors LLC purchased a new stake in shares of Everest Group during the third quarter valued at $120,564,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Everest Group by 442.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 308,155 shares of the company's stock worth $120,744,000 after buying an additional 251,337 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Everest Group in the 4th quarter worth about $48,290,000. Finally, Truist Financial Corp raised its position in Everest Group by 7,580.7% in the 4th quarter. Truist Financial Corp now owns 92,936 shares of the company's stock worth $33,686,000 after buying an additional 91,726 shares during the last quarter. Hedge funds and other institutional investors own 92.64% of the company's stock.
Everest Group Stock Performance
Shares of NYSE EG traded up $6.69 during trading on Monday, hitting $365.35. The company had a trading volume of 528,005 shares, compared to its average volume of 347,802. Everest Group, Ltd. has a 12 month low of $327.37 and a 12 month high of $407.30. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.40 and a current ratio of 0.40. The firm has a market capitalization of $15.69 billion, a P/E ratio of 11.63, a price-to-earnings-growth ratio of 0.24 and a beta of 0.61. The stock has a 50 day simple moving average of $351.63 and a 200 day simple moving average of $368.12.
Everest Group (NYSE:EG - Get Free Report) last released its earnings results on Monday, February 3rd. The company reported ($18.39) 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, analysts anticipate that Everest Group, Ltd. will post 47.93 earnings per share for the current year.
Everest Group Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 17th will be paid a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend is Monday, March 17th. Everest Group's dividend payout ratio (DPR) is 25.47%.
Wall Street Analyst Weigh In
EG has been the subject of several research reports. Keefe, Bruyette & Woods boosted their price objective on shares of Everest Group from $420.00 to $434.00 and gave the company an "outperform" rating in a report on Friday, January 10th. Barclays boosted their target price on shares of Everest Group from $461.00 to $470.00 and gave the company an "overweight" rating in a research note on Tuesday, February 4th. BMO Capital Markets downgraded Everest Group from an "outperform" rating to a "market perform" rating and dropped their price target for the stock from $453.00 to $375.00 in a research note on Thursday, January 30th. Jefferies Financial Group cut Everest Group from a "buy" rating to a "hold" rating and upped their price objective for the company from $420.00 to $429.00 in a research report on Tuesday, November 26th. Finally, TD Cowen dropped their target price on Everest Group from $444.00 to $419.00 and set a "hold" rating on the stock in a research report on Monday, November 18th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $416.50.
Get Our Latest Stock Report 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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