Lifeworks Advisors LLC boosted its stake in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 38.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,959 shares of the company's stock after purchasing an additional 4,694 shares during the quarter. Everest Group comprises 1.1% of Lifeworks Advisors LLC's portfolio, making the stock its 22nd largest holding. Lifeworks Advisors LLC's holdings in Everest Group were worth $6,147,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EG. SBI Securities Co. Ltd. bought a new position in shares of Everest Group in the fourth quarter worth about $31,000. Brooklyn Investment Group acquired a new stake in Everest Group in the 3rd quarter valued at approximately $39,000. Private Trust Co. NA increased its position in Everest Group by 51.7% in the 3rd quarter. Private Trust Co. NA now owns 132 shares of the company's stock worth $52,000 after buying an additional 45 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Everest Group in the 3rd quarter worth approximately $64,000. Finally, Avior Wealth Management LLC lifted its holdings in shares of Everest Group by 22.4% during the fourth quarter. Avior Wealth Management LLC now owns 257 shares of the company's stock worth $93,000 after buying an additional 47 shares during the last quarter. Institutional investors and hedge funds own 92.64% of the company's stock.
Everest Group Price Performance
NYSE:EG traded down $6.19 during mid-day trading on Wednesday, hitting $348.00. The company's stock had a trading volume of 414,506 shares, compared to its average volume of 348,229. The company has a market capitalization of $14.94 billion, a price-to-earnings ratio of 11.08, a P/E/G ratio of 0.24 and a beta of 0.61. 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 fifty-two week low of $327.37 and a fifty-two week high of $407.30. The stock has a fifty day moving average of $352.24 and a 200-day moving average of $369.07.
Everest Group (NYSE:EG - Get Free Report) last issued its earnings results on Monday, February 3rd. The company reported ($18.39) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $11.64 by ($30.03). Everest Group had a return on equity of 9.04% and a net margin of 7.95%. As a group, equities analysts forecast 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. Shareholders of record on Monday, March 17th will be issued a dividend of $2.00 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.30%. Everest Group's payout ratio is presently 25.47%.
Wall Street Analyst Weigh In
EG has been the topic of several research analyst reports. TD Cowen lowered their price objective on shares of Everest Group from $444.00 to $419.00 and set a "hold" rating on the stock in a research note on Monday, November 18th. Wells Fargo & Company decreased their price target on shares of Everest Group from $390.00 to $380.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 14th. 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 report on Friday, January 10th. Barclays increased their target price on shares of Everest Group from $461.00 to $470.00 and gave the company an "overweight" rating in a research note on Tuesday, February 4th. Finally, Morgan Stanley restated 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. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $416.50.
Get Our Latest Stock Analysis on Everest Group
About Everest Group
(
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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