Raymond James & Associates Buys 7,306 Shares of Everest Group, Ltd. (NYSE:EG)

Raymond James & Associates raised its position in Everest Group, Ltd. (NYSE:EG - Free Report) by 29.6% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 31,966 shares of the company's stock after acquiring an additional 7,306 shares during the period. Raymond James & Associates owned about 0.07% of Everest Group worth $12,525,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. American National Bank bought a new stake in Everest Group in the 2nd quarter valued at approximately $27,000. M&R Capital Management Inc. bought a new stake in Everest Group in the 3rd quarter valued at approximately $29,000. Bruce G. Allen Investments LLC lifted its stake in Everest Group by 200.0% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 78 shares of the company's stock valued at $31,000 after acquiring an additional 52 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its position in shares of Everest Group by 36.9% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 115 shares of the company's stock worth $44,000 after purchasing an additional 31 shares during the last quarter. Finally, American National Bank & Trust increased its position in shares of Everest Group by 80.0% during the 3rd quarter. American National Bank & Trust now owns 126 shares of the company's stock worth $49,000 after purchasing an additional 56 shares during the last quarter. Institutional investors own 92.64% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on EG. Bank of America lowered their price target on Everest Group from $496.00 to $485.00 and set a "buy" rating on the stock in a research report on Thursday, October 10th. Barclays began coverage on Everest Group in a research report on Wednesday, September 4th. They set an "overweight" rating and a $527.00 price target on the stock. Keefe, Bruyette & Woods lowered their price target on Everest Group from $454.00 to $438.00 and set an "outperform" rating on the stock in a research report on Thursday, August 8th. Jefferies Financial Group boosted their price target on Everest Group from $440.00 to $457.00 and gave the stock a "buy" rating in a research report on Wednesday, October 9th. Finally, TD Cowen lowered their price target on Everest Group from $419.00 to $405.00 and set a "hold" rating on the stock in a research report on Tuesday, August 13th. Five analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $439.27.

Everest Group Stock Performance

EG traded up $1.83 during trading on Monday, hitting $381.44. The stock had a trading volume of 241,214 shares, compared to its average volume of 341,795. The company has a 50 day moving average price of $387.37 and a 200-day moving average price of $380.71. The firm has a market cap of $16.42 billion, a price-to-earnings ratio of 5.63, a P/E/G ratio of 2.67 and a beta of 0.61. Everest Group, Ltd. has a one year low of $343.76 and a one year high of $417.92. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.38 and a quick ratio of 0.38.

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

Everest Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 16th were paid a $2.00 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $8.00 annualized dividend and a yield of 2.10%. Everest Group's dividend payout ratio (DPR) is presently 11.81%.

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.