Metis Global Partners LLC increased its holdings in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 69.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,368 shares of the company's stock after acquiring an additional 972 shares during the quarter. Metis Global Partners LLC's holdings in Everest Group were worth $858,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Mizuho Securities USA LLC boosted its position in shares of Everest Group by 12,263.1% in the 3rd quarter. Mizuho Securities USA LLC now owns 415,400 shares of the company's stock valued at $162,766,000 after purchasing an additional 412,040 shares during the period. World Investment Advisors LLC acquired a new position in shares of Everest Group in the 3rd quarter valued at $120,564,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Everest Group by 442.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 308,155 shares of the company's stock valued at $120,744,000 after purchasing an additional 251,337 shares during the period. Assetmark Inc. boosted its position in shares of Everest Group by 39.7% in the 3rd quarter. Assetmark Inc. now owns 409,989 shares of the company's stock valued at $160,646,000 after purchasing an additional 116,559 shares during the period. Finally, Truist Financial Corp boosted its position in shares of Everest Group by 7,580.7% in the 4th quarter. Truist Financial Corp now owns 92,936 shares of the company's stock valued at $33,686,000 after purchasing an additional 91,726 shares during the period. Institutional investors and hedge funds own 92.64% of the company's stock.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on the company. TD Cowen reduced their price objective on Everest Group from $444.00 to $419.00 and set a "hold" rating for the company in a research note on Monday, November 18th. BMO Capital Markets downgraded Everest Group from an "outperform" rating to a "market perform" rating and reduced their price objective for the stock from $453.00 to $375.00 in a research note on Thursday, January 30th. Jefferies Financial Group downgraded Everest Group from a "buy" rating to a "hold" rating and increased their price objective for the stock from $420.00 to $429.00 in a research note on Tuesday, November 26th. Morgan Stanley reaffirmed 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. Finally, Barclays raised their price target on Everest Group from $461.00 to $470.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 4th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $416.50.
Read Our Latest Research Report on Everest Group
Everest Group Stock Performance
EG traded up $0.34 during midday trading on Friday, reaching $363.88. The company's stock had a trading volume of 359,689 shares, compared to its average volume of 434,802. The stock has a market cap of $15.62 billion, a P/E ratio of 11.58, a PEG ratio of 0.24 and a beta of 0.61. The company has a fifty day simple moving average of $352.36 and a 200 day simple moving average of $369.71. 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 twelve month low of $327.37 and a twelve month 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 (EPS) 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%. Research analysts expect that Everest Group, Ltd. will post 47.93 earnings per share for the current year.
Everest Group Announces Dividend
The firm also recently announced 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 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend is Monday, March 17th. Everest Group's dividend payout ratio (DPR) is currently 25.47%.
Everest Group Company Profile
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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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