Johnson Investment Counsel Inc. Has $67.54 Million Stake in Everest Group, Ltd. (NYSE:EG)

Johnson Investment Counsel Inc. lifted its holdings in Everest Group, Ltd. (NYSE:EG - Free Report) by 5.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 186,327 shares of the company's stock after acquiring an additional 8,984 shares during the period. Johnson Investment Counsel Inc. owned approximately 0.43% of Everest Group worth $67,536,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of EG. Daiwa Securities Group Inc. lifted its position in Everest Group by 5.8% during the fourth quarter. Daiwa Securities Group Inc. now owns 5,704 shares of the company's stock worth $2,067,000 after purchasing an additional 312 shares during the period. Lifeworks Advisors LLC lifted its position in Everest Group by 38.3% during the fourth quarter. Lifeworks Advisors LLC now owns 16,959 shares of the company's stock worth $6,147,000 after purchasing an additional 4,694 shares during the period. Davis Selected Advisers lifted its position in Everest Group by 0.8% during the fourth quarter. Davis Selected Advisers now owns 39,212 shares of the company's stock worth $14,213,000 after purchasing an additional 329 shares during the period. Mesirow Financial Investment Management Inc. lifted its position in Everest Group by 60.1% during the fourth quarter. Mesirow Financial Investment Management Inc. now owns 1,071 shares of the company's stock worth $388,000 after purchasing an additional 402 shares during the period. Finally, Edgestream Partners L.P. lifted its position in Everest Group by 280.4% during the fourth quarter. Edgestream Partners L.P. now owns 7,109 shares of the company's stock worth $2,577,000 after purchasing an additional 5,240 shares during the period. 92.64% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

Several research firms recently weighed in on EG. Jefferies Financial Group cut shares of 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 research report on Tuesday, November 26th. TD Cowen dropped their price objective on shares of Everest Group from $444.00 to $419.00 and set a "hold" rating for the company in a report on Monday, November 18th. Keefe, Bruyette & Woods raised their price objective on shares of Everest Group from $420.00 to $434.00 and gave the company an "outperform" rating in a report on Friday, January 10th. Wells Fargo & Company dropped their price objective on shares of Everest Group from $390.00 to $380.00 and set an "equal weight" rating for the company in a report on Tuesday, January 14th. Finally, BMO Capital Markets lowered shares of Everest Group from an "outperform" rating to a "market perform" rating and dropped their price objective for the company from $453.00 to $375.00 in a report on Thursday, January 30th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $416.50.

Everest Group Trading Down 1.5 %

NYSE:EG traded down $5.45 on Monday, reaching $358.31. 568,211 shares of the stock traded hands, compared to its average volume of 347,651. The firm has a market capitalization of $15.38 billion, a price-to-earnings ratio of 11.41, a price-to-earnings-growth ratio of 0.24 and a beta of 0.61. The company's 50 day moving average is $352.43 and its 200-day moving average is $369.48. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.26. Everest Group, Ltd. has a 1-year low of $327.37 and a 1-year high of $407.30.

Everest Group (NYSE:EG - Get Free Report) last released its earnings results 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 net margin of 7.95% and a return on equity of 9.04%. Equities research analysts anticipate that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Everest Group Announces Dividend

The business 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 dividend of $2.00 per share. This represents a $8.00 annualized dividend and a dividend yield of 2.23%. The ex-dividend date of this dividend is Monday, March 17th. Everest Group's dividend payout ratio (DPR) is 25.47%.

Everest Group 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.