Skandinaviska Enskilda Banken AB publ cut its holdings in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 32.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,536 shares of the company's stock after selling 5,157 shares during the quarter. Skandinaviska Enskilda Banken AB publ's holdings in Everest Group were worth $3,790,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in EG. SBI Securities Co. Ltd. bought a new position in shares of Everest Group during the fourth quarter worth approximately $31,000. Brooklyn Investment Group bought a new position in shares of Everest Group during the third quarter worth approximately $39,000. Private Trust Co. NA increased its holdings in shares of Everest Group by 51.7% during the third quarter. Private Trust Co. NA now owns 132 shares of the company's stock worth $52,000 after purchasing an additional 45 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Everest Group in the third quarter valued at approximately $64,000. Finally, EverSource Wealth Advisors LLC increased its stake in Everest Group by 43.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 211 shares of the company's stock valued at $76,000 after acquiring an additional 64 shares during the last quarter. 92.64% of the stock is owned by institutional investors.
Everest Group Price Performance
Shares of NYSE:EG traded down $3.25 during trading on Tuesday, hitting $361.81. 133,249 shares of the company were exchanged, compared to its average volume of 346,578. The business's 50 day moving average is $351.63 and its 200-day moving average is $368.12. The company has a market capitalization of $15.53 billion, a P/E ratio of 11.52, a price-to-earnings-growth ratio of 0.24 and a beta of 0.61. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.26. Everest Group, Ltd. has a 1-year low of $327.37 and a 1-year high of $407.30.
Everest Group (NYSE:EG - Get Free Report) last announced 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%. Equities analysts forecast that Everest Group, Ltd. will post 47.93 earnings per share for the current year.
Everest Group Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 17th will be paid a $2.00 dividend. The ex-dividend date is Monday, March 17th. This represents a $8.00 annualized dividend and a dividend yield of 2.21%. Everest Group's dividend payout ratio is 25.47%.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on EG shares. Jefferies Financial Group cut shares of Everest Group from a "buy" rating to a "hold" rating and lifted their price objective for the company from $420.00 to $429.00 in a research note on Tuesday, November 26th. Barclays lifted their price objective on shares of Everest Group from $461.00 to $470.00 and gave the company an "overweight" rating in a research note on Tuesday, February 4th. Keefe, Bruyette & Woods lifted their price objective on shares of Everest Group from $420.00 to $434.00 and gave the company an "outperform" rating in a research note on Friday, January 10th. BMO Capital Markets cut shares of Everest Group from an "outperform" rating to a "market perform" rating and decreased their price objective for the company from $453.00 to $375.00 in a research note on Thursday, January 30th. Finally, Wells Fargo & Company decreased their price objective on shares of Everest Group from $390.00 to $380.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 14th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $416.50.
Get Our Latest Stock Report on EG
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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