Proficio Capital Partners LLC acquired a new stake in Everest Group, Ltd. (NYSE:EG - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 28,272 shares of the company's stock, valued at approximately $10,247,000. Proficio Capital Partners LLC owned about 0.07% of Everest Group at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. SBI Securities Co. Ltd. acquired a new stake in Everest Group in the fourth quarter valued at $31,000. Brooklyn Investment Group purchased a new position in shares of Everest Group in the 3rd quarter valued at about $39,000. Private Trust Co. NA raised its position in shares of Everest Group by 51.7% during the 3rd quarter. Private Trust Co. NA now owns 132 shares of the company's stock worth $52,000 after acquiring an additional 45 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Everest Group during the third quarter worth approximately $64,000. Finally, Avior Wealth Management LLC boosted its holdings in Everest Group by 22.4% in the fourth quarter. Avior Wealth Management LLC now owns 257 shares of the company's stock valued at $93,000 after purchasing an additional 47 shares in the last quarter. 92.64% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of analysts have weighed in on EG shares. Morgan Stanley reissued an "equal weight" rating and set a $340.00 price objective (down previously from $425.00) on shares of Everest Group in a report on Wednesday, February 5th. Keefe, Bruyette & Woods boosted their price target 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 price objective on Everest Group from $390.00 to $380.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 14th. Jefferies Financial Group cut Everest Group from a "buy" rating to a "hold" rating and boosted their price objective for the company from $420.00 to $429.00 in a research note on Tuesday, November 26th. Finally, BMO Capital Markets cut shares of Everest Group from an "outperform" rating to a "market perform" rating and decreased their price target for the stock from $453.00 to $375.00 in a research note on Thursday, January 30th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $416.50.
Check Out Our Latest Analysis on Everest Group
Everest Group Stock Performance
Everest Group stock traded down $2.99 during trading hours on Wednesday, reaching $356.63. 240,432 shares of the stock were exchanged, compared to its average volume of 347,472. Everest Group, Ltd. has a 52-week low of $327.37 and a 52-week high of $407.30. The stock has a market cap of $15.31 billion, a P/E ratio of 11.35, a P/E/G ratio of 0.24 and a beta of 0.61. 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's 50 day moving average is $351.40 and its 200 day moving average is $367.89.
Everest Group (NYSE:EG - Get Free Report) last posted its quarterly earnings results on Monday, February 3rd. The company reported ($18.39) earnings per share (EPS) for the quarter, missing the consensus estimate of $11.64 by ($30.03). Everest Group had a return on equity of 9.04% and a net margin of 7.95%. Analysts predict that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.
Everest Group Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 17th will be given a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 2.24%. The ex-dividend date is Monday, March 17th. Everest Group's payout ratio is 25.47%.
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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