Mutual of America Capital Management LLC lowered its stake in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 74.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,141 shares of the company's stock after selling 14,821 shares during the quarter. Mutual of America Capital Management LLC's holdings in Everest Group were worth $1,863,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently bought and sold shares of EG. Mizuho Securities USA LLC lifted its position in Everest Group by 12,263.1% during the 3rd quarter. Mizuho Securities USA LLC now owns 415,400 shares of the company's stock valued at $162,766,000 after acquiring an additional 412,040 shares during the period. World Investment Advisors LLC purchased a new position in shares of Everest Group during the third quarter valued at approximately $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 worth $120,744,000 after purchasing an additional 251,337 shares in the last quarter. Assetmark Inc. grew its stake in shares of Everest Group by 39.7% in the 3rd quarter. Assetmark Inc. now owns 409,989 shares of the company's stock worth $160,646,000 after buying an additional 116,559 shares during the last quarter. Finally, Truist Financial Corp increased its position in Everest Group by 7,580.7% during the 4th quarter. Truist Financial Corp now owns 92,936 shares of the company's stock valued at $33,686,000 after buying an additional 91,726 shares in the last quarter. 92.64% of the stock is owned by institutional investors.
Everest Group Price Performance
Shares of EG traded down $6.21 during mid-day trading on Wednesday, reaching $347.98. The stock had a trading volume of 284,636 shares, compared to its average volume of 435,316. Everest Group, Ltd. has a 12 month low of $327.37 and a 12 month high of $407.30. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.40 and a current ratio of 0.40. The firm has a market cap of $14.94 billion, a price-to-earnings ratio of 11.08, a PEG ratio of 0.24 and a beta of 0.61. The business 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 posted its earnings results on Monday, February 3rd. The company reported ($18.39) 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%. Equities analysts predict that Everest Group, Ltd. will post 47.93 EPS for the current year.
Everest Group Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 17th will be issued a $2.00 dividend. The ex-dividend date is Monday, March 17th. This represents a $8.00 annualized dividend and a dividend yield of 2.30%. Everest Group's dividend payout ratio (DPR) is presently 25.47%.
Analysts Set New Price Targets
EG has been the topic of several analyst reports. Jefferies Financial Group downgraded Everest Group from a "buy" rating to a "hold" rating and boosted their target price for the stock from $420.00 to $429.00 in a report on Tuesday, November 26th. Keefe, Bruyette & Woods increased 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. Wells Fargo & Company dropped 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 research note on Tuesday, January 14th. Barclays raised their price target on shares of Everest Group from $461.00 to $470.00 and gave the company an "overweight" rating in a research report on Tuesday, February 4th. Finally, TD Cowen lowered their price objective on Everest Group from $444.00 to $419.00 and set a "hold" rating on the stock in a research report on Monday, November 18th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $416.50.
Check Out Our Latest Stock Analysis on EG
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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