Zurcher Kantonalbank Zurich Cantonalbank lowered its stake in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 34.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 23,340 shares of the company's stock after selling 12,517 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned 0.05% of Everest Group worth $8,460,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Dakota Wealth Management lifted its stake in shares of Everest Group by 1.7% in the 4th quarter. Dakota Wealth Management now owns 1,945 shares of the company's stock valued at $705,000 after purchasing an additional 32 shares during the last quarter. Wilmington Savings Fund Society FSB lifted its stake in shares of Everest Group by 19.6% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 195 shares of the company's stock valued at $71,000 after purchasing an additional 32 shares during the last quarter. Steph & Co. lifted its stake in shares of Everest Group by 10.6% in the 4th quarter. Steph & Co. now owns 366 shares of the company's stock valued at $133,000 after purchasing an additional 35 shares during the last quarter. Lester Murray Antman dba SimplyRich lifted its stake in shares of Everest Group by 2.7% in the 4th quarter. Lester Murray Antman dba SimplyRich now owns 1,328 shares of the company's stock valued at $481,000 after purchasing an additional 35 shares during the last quarter. Finally, Foundations Investment Advisors LLC lifted its stake in Everest Group by 5.9% during the 4th quarter. Foundations Investment Advisors LLC now owns 661 shares of the company's stock worth $239,000 after acquiring an additional 37 shares in the last quarter. Institutional investors and hedge funds own 92.64% of the company's stock.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on EG. Keefe, Bruyette & Woods increased their target price on Everest Group from $420.00 to $434.00 and gave the stock an "outperform" rating in a research note on Friday, January 10th. Wells Fargo & Company decreased 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. TD Cowen decreased 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. Jefferies Financial Group lowered Everest Group from a "buy" rating to a "hold" rating and increased their target price for the stock from $420.00 to $429.00 in a research note on Tuesday, November 26th. Finally, Morgan Stanley reissued 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 investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $416.50.
Check Out Our Latest Stock Analysis on Everest Group
Everest Group Price Performance
NYSE EG traded up $9.76 during mid-day trading on Friday, hitting $359.35. The stock had a trading volume of 353,264 shares, compared to its average volume of 349,119. Everest Group, Ltd. has a 52-week low of $327.37 and a 52-week high of $407.30. The company has a market cap of $15.43 billion, a price-to-earnings ratio of 11.44, a P/E/G ratio of 0.24 and a beta of 0.61. The company has a 50 day simple moving average of $351.67 and a 200 day simple moving average of $368.79. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.26.
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 the consensus estimate of $11.64 by ($30.03). Everest Group had a net margin of 7.95% and a return on equity of 9.04%. Equities analysts forecast that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.
Everest Group Dividend Announcement
The firm 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 2.23%. The ex-dividend date is Monday, March 17th. Everest Group's dividend payout ratio is currently 25.47%.
Everest Group Company Profile
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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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