Nisa Investment Advisors LLC Has $9.72 Million Stock Position in Everest Group, Ltd. (NYSE:EG)

Nisa Investment Advisors LLC lifted its holdings in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 73.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 24,805 shares of the company's stock after acquiring an additional 10,537 shares during the quarter. Nisa Investment Advisors LLC owned approximately 0.06% of Everest Group worth $9,719,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in EG. American National Bank bought a new stake in Everest Group in the 2nd quarter valued at $27,000. M&R Capital Management Inc. bought a new stake in Everest Group in the 3rd quarter valued at $29,000. Bruce G. Allen Investments LLC boosted 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 purchasing an additional 52 shares during the period. Eastern Bank bought a new stake in Everest Group in the 3rd quarter valued at $35,000. Finally, Massmutual Trust Co. FSB ADV boosted its stake in 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 during the period. 92.64% of the stock is currently owned by institutional investors.

Everest Group Price Performance

Shares of EG traded down $24.41 during trading hours on Thursday, reaching $355.59. The stock had a trading volume of 1,032,348 shares, compared to its average volume of 345,144. The stock has a market capitalization of $15.31 billion, a PE ratio of 5.34, a PEG ratio of 2.67 and a beta of 0.61. Everest Group, Ltd. has a 12 month low of $343.76 and a 12 month high of $417.92. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.38 and a current ratio of 0.38. The company's 50-day moving average is $387.38 and its two-hundred day moving average is $380.81.

Everest Group (NYSE:EG - Get Free Report) last released its quarterly earnings data 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). Everest Group had a net margin of 18.36% and a return on equity of 24.09%. The firm had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.32 billion. During the same period in the prior year, the company earned $15.21 EPS. The business's quarterly revenue was up 15.8% compared to the same quarter last year. Research analysts expect that Everest Group, Ltd. will post 60.97 EPS for the current year.

Everest Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 16th were given a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 2.25%. The ex-dividend date was Monday, September 16th. Everest Group's dividend payout ratio (DPR) is currently 11.81%.

Analyst Upgrades and Downgrades

EG has been the subject of several recent research reports. TD Cowen reduced their price target on Everest Group from $419.00 to $405.00 and set a "hold" rating for the company in a research note on Tuesday, August 13th. Morgan Stanley dropped their price target on Everest Group from $450.00 to $445.00 and set an "overweight" rating for the company in a research note on Wednesday, July 10th. Keefe, Bruyette & Woods reduced their price objective on shares of Everest Group from $454.00 to $438.00 and set an "outperform" rating on the stock in a research note on Thursday, August 8th. UBS Group upgraded shares of Everest Group to a "hold" rating in a research report on Wednesday, October 9th. Finally, Wells Fargo & Company increased their price target on shares of Everest Group from $393.00 to $406.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 10th. Five investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $438.36.

About Everest Group

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.