Pathway Financial Advisers LLC Acquires 13,679 Shares of Everest Group, Ltd. (NYSE:EG)

Pathway Financial Advisers LLC boosted its holdings in Everest Group, Ltd. (NYSE:EG - Free Report) by 39,082.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,714 shares of the company's stock after acquiring 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.

Several other hedge funds have also recently added to or reduced their stakes in the business. American National Bank bought a new stake in shares of 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 third quarter valued at $29,000. Bruce G. Allen Investments LLC lifted its holdings in shares of Everest Group by 200.0% during the third 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 during the period. Eastern Bank bought a new position in shares of Everest Group during the third quarter valued at $35,000. Finally, Massmutual Trust Co. FSB ADV boosted its stake in shares of Everest Group by 36.9% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 115 shares of the company's stock valued at $44,000 after purchasing an additional 31 shares in the last quarter. Institutional investors and hedge funds own 92.64% of the company's stock.

Everest Group Trading Up 1.1 %

NYSE:EG traded up $4.06 on Wednesday, hitting $380.82. 109,140 shares of the stock were exchanged, compared to its average volume of 340,523. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.38 and a current ratio of 0.38. Everest Group, Ltd. has a 52 week low of $343.76 and a 52 week high of $417.92. The stock has a market capitalization of $16.40 billion, a price-to-earnings ratio of 5.56, a P/E/G ratio of 2.67 and a beta of 0.61. The company's 50-day moving average price is $387.36 and its 200 day moving average price is $380.82.

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

Everest Group Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts recently issued reports on EG shares. BMO Capital Markets reissued a "market perform" rating and set a $403.00 price target on shares of Everest Group in a report on Friday, August 30th. Barclays initiated coverage on Everest Group in a report on Wednesday, September 4th. They issued an "overweight" rating and a $527.00 target price on the stock. UBS Group raised Everest Group to a "hold" rating in a report on Wednesday, October 9th. Keefe, Bruyette & Woods cut their price objective on Everest Group from $454.00 to $438.00 and set an "outperform" rating for the company in a research report on Thursday, August 8th. Finally, Jefferies Financial Group increased their target price on Everest Group from $440.00 to $457.00 and gave the stock a "buy" rating in a report on Wednesday, October 9th. Five analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Everest Group has a consensus rating of "Moderate Buy" and a consensus target price of $439.27.

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.