Everest Group, Ltd. (NYSE:EG) Position Boosted by Pathway Financial Advisers LLC

Pathway Financial Advisers LLC lifted its position in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 39,082.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,714 shares of the company's stock after buying an additional 13,679 shares during the quarter. Pathway Financial Advisers LLC's holdings in Everest Group were worth $5,374,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Boston Partners lifted its position in shares of Everest Group by 29.1% in the first quarter. Boston Partners now owns 1,197,457 shares of the company's stock valued at $475,750,000 after acquiring an additional 269,665 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Everest Group by 1.8% during the second quarter. AQR Capital Management LLC now owns 1,032,479 shares of the company's stock worth $393,395,000 after buying an additional 17,885 shares in the last quarter. Champlain Investment Partners LLC lifted its stake in shares of Everest Group by 5.3% during the first quarter. Champlain Investment Partners LLC now owns 906,100 shares of the company's stock valued at $360,175,000 after buying an additional 45,705 shares during the period. William Blair Investment Management LLC lifted its stake in shares of Everest Group by 30.2% during the second quarter. William Blair Investment Management LLC now owns 580,171 shares of the company's stock valued at $221,057,000 after buying an additional 134,517 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Everest Group by 7.7% during the second quarter. Dimensional Fund Advisors LP now owns 535,121 shares of the company's stock worth $203,891,000 after acquiring an additional 38,254 shares during the last quarter. 92.64% of the stock is currently owned by hedge funds and other institutional investors.

Everest Group Stock Down 1.9 %

Shares of NYSE EG traded down $7.49 on Friday, hitting $379.61. The company had a trading volume of 347,641 shares, compared to its average volume of 342,236. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.24. Everest Group, Ltd. has a 12-month low of $343.76 and a 12-month high of $417.92. The firm has a market capitalization of $16.50 billion, a P/E ratio of 5.64, a PEG ratio of 2.71 and a beta of 0.61. The business has a 50 day moving average of $387.31 and a two-hundred day moving average of $380.54.

Everest Group (NYSE:EG - Get Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $16.85 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $16.97 by ($0.12). The firm had revenue of $4.23 billion for the quarter, compared to analysts' expectations of $4.32 billion. Everest Group had a net margin of 18.36% and a return on equity of 24.09%. The company's revenue for the quarter was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $15.21 EPS. As a group, equities research analysts forecast that Everest Group, Ltd. will post 60.97 earnings per share for the current fiscal year.

Everest Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 16th were given a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend was Monday, September 16th. Everest Group's payout ratio is 11.89%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on EG. Bank of America cut their price target on Everest Group from $496.00 to $485.00 and set a "buy" rating for the company in a report on Thursday, October 10th. Morgan Stanley dropped their price objective on shares of Everest Group from $450.00 to $445.00 and set an "overweight" rating for the company in a research note on Wednesday, July 10th. TD Cowen decreased their target price on shares of Everest Group from $419.00 to $405.00 and set a "hold" rating on the stock in a research report on Tuesday, August 13th. Barclays began coverage on shares of Everest Group in a research note on Wednesday, September 4th. They set an "overweight" rating and a $527.00 price target on the stock. Finally, BMO Capital Markets reissued a "market perform" rating and set a $403.00 price objective on shares of Everest Group in a research note on Friday, August 30th. Five investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $439.27.

Everest Group Company 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.