850 Shares in Everest Group, Ltd. (NYSE:EG) Acquired by Gitterman Wealth Management LLC

Gitterman Wealth Management LLC purchased a new position in Everest Group, Ltd. (NYSE:EG - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 850 shares of the company's stock, valued at approximately $308,000.

Several other institutional investors and hedge funds also recently made changes to their positions in EG. Sumitomo Mitsui Trust Group Inc. grew its position in Everest Group by 7.7% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 116,752 shares of the company's stock worth $45,747,000 after buying an additional 8,345 shares in the last quarter. Oppenheimer & Co. Inc. grew its holdings in shares of Everest Group by 1.2% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 6,257 shares of the company's stock worth $2,452,000 after purchasing an additional 76 shares in the last quarter. OneDigital Investment Advisors LLC grew its holdings in shares of Everest Group by 4.7% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 12,708 shares of the company's stock worth $4,979,000 after purchasing an additional 574 shares in the last quarter. CIBC Asset Management Inc raised its stake in shares of Everest Group by 7.9% in the third quarter. CIBC Asset Management Inc now owns 6,309 shares of the company's stock valued at $2,472,000 after purchasing an additional 460 shares in the last quarter. Finally, Empowered Funds LLC lifted its position in Everest Group by 290.5% in the third quarter. Empowered Funds LLC now owns 9,622 shares of the company's stock worth $3,770,000 after purchasing an additional 7,158 shares during the period. Institutional investors own 92.64% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Barclays boosted their price target on shares of Everest Group from $461.00 to $470.00 and gave the company an "overweight" rating in a 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 for the company in a research report on Tuesday, January 14th. Jefferies Financial Group downgraded Everest Group from a "buy" rating to a "hold" rating and lifted their price objective for the company from $420.00 to $429.00 in a report on Tuesday, November 26th. Keefe, Bruyette & Woods upped their price objective on Everest Group from $420.00 to $434.00 and gave the company an "outperform" rating in a research note on Friday, January 10th. Finally, Morgan Stanley restated an "equal weight" rating and set a $340.00 target price (down previously from $425.00) on shares of Everest Group in a research report on Wednesday, February 5th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $416.50.

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Everest Group Price Performance

Shares of NYSE:EG traded up $6.69 during trading on Monday, reaching $365.35. The stock had a trading volume of 528,005 shares, compared to its average volume of 347,802. The stock has a market capitalization of $15.69 billion, a PE ratio of 11.63, a P/E/G ratio of 0.24 and a beta of 0.61. Everest Group, Ltd. has a 52 week low of $327.37 and a 52 week high of $407.30. The business's 50-day moving average price is $351.63 and its 200 day moving average price is $368.12. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.40 and a quick ratio of 0.40.

Everest Group (NYSE:EG - Get Free Report) last issued its quarterly earnings data on Monday, February 3rd. The company reported ($18.39) earnings per share (EPS) 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%. As a group, equities analysts predict that Everest Group, Ltd. will post 47.93 earnings per share for the current year.

Everest Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 17th will be issued a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date is Monday, March 17th. Everest Group's dividend payout ratio 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.