Charles Schwab Investment Management Inc. decreased its holdings in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 0.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 380,095 shares of the company's stock after selling 2,965 shares during the period. Charles Schwab Investment Management Inc. owned 0.88% of Everest Group worth $137,769,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the business. SBI Securities Co. Ltd. purchased a new stake in shares of Everest Group during the 4th quarter worth $31,000. Brooklyn Investment Group purchased a new position in shares of Everest Group in the 3rd quarter worth approximately $39,000. Private Trust Co. NA raised its stake in shares of 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 in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Everest Group during the third quarter valued at approximately $64,000. Finally, Avior Wealth Management LLC boosted its stake in Everest Group by 22.4% in the fourth quarter. Avior Wealth Management LLC now owns 257 shares of the company's stock valued at $93,000 after acquiring an additional 47 shares in the last quarter. Institutional investors own 92.64% of the company's stock.
Everest Group Stock Performance
NYSE:EG traded down $3.16 during midday trading on Tuesday, hitting $354.04. The company's stock had a trading volume of 489,917 shares, compared to its average volume of 348,166. Everest Group, Ltd. has a fifty-two week low of $327.37 and a fifty-two week high of $407.30. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.40 and a quick ratio of 0.40. The firm has a market cap of $15.20 billion, a P/E ratio of 11.27, a P/E/G ratio of 0.24 and a beta of 0.61. The firm's 50 day moving average is $352.43 and its 200-day moving average is $369.48.
Everest Group (NYSE:EG - Get Free Report) last released its quarterly earnings data on Monday, February 3rd. The company reported ($18.39) earnings per share 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%. Equities analysts anticipate that Everest Group, Ltd. will post 47.93 earnings per share for the current fiscal year.
Everest Group Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 17th will be paid a $2.00 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.26%. Everest Group's payout ratio is 25.47%.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on the company. Barclays upped their price target on Everest Group from $461.00 to $470.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 4th. Wells Fargo & Company reduced their target price on 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 lowered their price target on Everest Group from $444.00 to $419.00 and set a "hold" rating for the company in a report on Monday, November 18th. BMO Capital Markets downgraded shares of Everest Group from an "outperform" rating to a "market perform" rating and cut their price objective for the company from $453.00 to $375.00 in a report on Thursday, January 30th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Everest Group from $420.00 to $434.00 and gave the company an "outperform" rating in a research report on Friday, January 10th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $416.50.
Check Out Our Latest Research Report on Everest Group
Everest Group Profile
(
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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