Gitterman Wealth Management LLC purchased a new stake in shares of Everest Group, Ltd. (NYSE:EG - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 850 shares of the company's stock, valued at approximately $308,000.
Several other hedge funds and other institutional investors also recently modified their holdings of EG. SBI Securities Co. Ltd. bought a new stake in Everest Group during the fourth quarter valued at approximately $31,000. Brooklyn Investment Group purchased a new stake in shares of Everest Group during the 3rd quarter valued at $39,000. Private Trust Co. NA lifted its holdings 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 during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Everest Group in the third quarter worth $64,000. Finally, EverSource Wealth Advisors LLC increased its stake in Everest Group by 43.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 211 shares of the company's stock valued at $76,000 after acquiring an additional 64 shares during the last quarter. Hedge funds and other institutional investors own 92.64% of the company's stock.
Everest Group Trading Down 1.5 %
EG traded down $5.60 during trading on Tuesday, hitting $359.46. 164,487 shares of the stock traded hands, compared to its average volume of 346,806. The firm has a 50-day moving average of $351.63 and a 200 day moving average of $368.12. Everest Group, Ltd. has a 12-month low of $327.37 and a 12-month high of $407.30. The firm has a market capitalization of $15.43 billion, a P/E ratio of 11.46, a price-to-earnings-growth ratio of 0.24 and a beta of 0.61. 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 posted its earnings results 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 return on equity of 9.04% and a net margin of 7.95%. Equities research analysts anticipate that Everest Group, Ltd. will post 47.93 EPS for the current year.
Everest Group Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 17th will be paid a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend is Monday, March 17th. Everest Group's payout ratio is 25.47%.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on EG shares. Jefferies Financial Group cut Everest Group from a "buy" rating to a "hold" rating and upped their price objective for the stock from $420.00 to $429.00 in a report on Tuesday, November 26th. Barclays upped their target price on Everest Group from $461.00 to $470.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 4th. Morgan Stanley reissued an "equal weight" rating and set a $340.00 price target (down from $425.00) on shares of Everest Group in a research note on Wednesday, February 5th. Keefe, Bruyette & Woods upped their price objective on shares of Everest Group from $420.00 to $434.00 and gave the company an "outperform" rating in a research note on Friday, January 10th. Finally, Wells Fargo & Company reduced their target price on shares of Everest Group from $390.00 to $380.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 14th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $416.50.
View Our Latest Stock Report on Everest Group
Everest Group Company 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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