Gitterman Wealth Management LLC purchased a new position in shares of Everest Group, Ltd. (NYSE:EG - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 850 shares of the company's stock, valued at approximately $308,000.
A number of other hedge funds also recently modified their holdings of EG. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of 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 purchasing an additional 8,345 shares during the period. Oppenheimer & Co. Inc. lifted its holdings in Everest Group by 1.2% in the third quarter. Oppenheimer & Co. Inc. now owns 6,257 shares of the company's stock valued at $2,452,000 after buying an additional 76 shares during the period. OneDigital Investment Advisors LLC raised its holdings in shares of Everest Group by 4.7% during the third quarter. OneDigital Investment Advisors LLC now owns 12,708 shares of the company's stock valued at $4,979,000 after purchasing an additional 574 shares during the period. CIBC Asset Management Inc increased its holdings in shares of Everest Group by 7.9% during the third quarter. CIBC Asset Management Inc now owns 6,309 shares of the company's stock valued at $2,472,000 after acquiring an additional 460 shares in the last quarter. Finally, Empowered Funds LLC increased its holdings in shares of Everest Group by 290.5% during the third quarter. Empowered Funds LLC now owns 9,622 shares of the company's stock valued at $3,770,000 after acquiring an additional 7,158 shares in the last quarter. Institutional investors and hedge funds own 92.64% of the company's stock.
Everest Group Price Performance
Shares of Everest Group stock traded down $2.02 during trading on Wednesday, hitting $357.60. 83,425 shares of the stock traded hands, compared to its average volume of 346,003. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.26. The stock has a market cap of $15.35 billion, a price-to-earnings ratio of 11.38, a PEG ratio of 0.24 and a beta of 0.61. The firm's fifty day moving average is $351.40 and its 200-day moving average is $367.89. Everest Group, Ltd. has a 52 week low of $327.37 and a 52 week high of $407.30.
Everest Group (NYSE:EG - Get Free Report) last posted its quarterly 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%. Research analysts expect that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.
Everest Group Announces Dividend
The firm 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 $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend is Monday, March 17th. Everest Group's dividend payout ratio (DPR) is currently 25.47%.
Analyst Ratings Changes
EG has been the subject of a number of recent analyst reports. Jefferies Financial Group downgraded 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 note on Tuesday, November 26th. Morgan Stanley restated an "equal weight" rating and issued a $340.00 price objective (down previously from $425.00) on shares of Everest Group in a research note on Wednesday, February 5th. 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. Wells Fargo & Company reduced their price objective on Everest Group from $390.00 to $380.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 14th. Finally, Barclays upped their price target on Everest Group from $461.00 to $470.00 and gave the company an "overweight" rating in a research report on Tuesday, February 4th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Everest Group has a consensus rating of "Hold" and an average price target of $416.50.
Check Out Our Latest Stock Report on EG
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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