Skandinaviska Enskilda Banken AB publ Sells 5,157 Shares of Everest Group, Ltd. (NYSE:EG)

Skandinaviska Enskilda Banken AB publ decreased its holdings in Everest Group, Ltd. (NYSE:EG - Free Report) by 32.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund 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.

A number of other institutional investors and hedge funds also recently bought and sold shares of EG. Achmea Investment Management B.V. boosted its position in Everest Group by 11.7% in the 4th quarter. Achmea Investment Management B.V. now owns 4,111 shares of the company's stock valued at $1,490,000 after buying an additional 432 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in Everest Group by 43.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 211 shares of the company's stock worth $76,000 after purchasing an additional 64 shares during the period. HighTower Advisors LLC raised its holdings in Everest Group by 68.7% during the 4th quarter. HighTower Advisors LLC now owns 3,963 shares of the company's stock worth $1,436,000 after purchasing an additional 1,614 shares during the last quarter. Vista Investment Partners II LLC bought a new stake in Everest Group during the 4th quarter worth about $1,702,000. Finally, Johnson Investment Counsel Inc. lifted its position in Everest Group by 5.1% during the 4th quarter. Johnson Investment Counsel Inc. now owns 186,327 shares of the company's stock valued at $67,536,000 after purchasing an additional 8,984 shares during the period. Institutional investors and hedge funds own 92.64% of the company's stock.

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Everest Group Stock Up 1.9 %

NYSE:EG traded up $6.69 on Monday, hitting $365.35. 528,005 shares of the company's stock were exchanged, compared to its average volume of 347,802. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.40 and a quick ratio of 0.40. The firm has a 50-day moving average price of $351.63 and a 200-day moving average price of $368.12. The company has a market cap of $15.69 billion, a P/E ratio of 11.63, a price-to-earnings-growth ratio of 0.24 and a beta of 0.61. Everest Group, Ltd. has a 52 week low of $327.37 and a 52 week high of $407.30.

Everest Group (NYSE:EG - Get Free Report) last released its quarterly earnings data on Monday, February 3rd. The company reported ($18.39) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $11.64 by ($30.03). Everest Group had a net margin of 7.95% and a return on equity of 9.04%. As a group, analysts expect that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Everest Group Announces Dividend

The business 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 dividend of $2.00 per share. The ex-dividend date is Monday, March 17th. This represents a $8.00 dividend on an annualized basis and a yield of 2.19%. Everest Group's dividend payout ratio (DPR) is 25.47%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Morgan Stanley reissued an "equal weight" rating and set a $340.00 price target (down from $425.00) on shares of Everest Group in a research note on Wednesday, February 5th. TD Cowen decreased their target price on Everest Group from $444.00 to $419.00 and set a "hold" rating for the company in a research report on Monday, November 18th. BMO Capital Markets downgraded shares of Everest Group from an "outperform" rating to a "market perform" rating and cut their price target for the company from $453.00 to $375.00 in a research report on Thursday, January 30th. Keefe, Bruyette & Woods increased their target price on shares of Everest Group from $420.00 to $434.00 and gave the stock an "outperform" rating in a report on Friday, January 10th. Finally, Barclays boosted their target price on Everest Group from $461.00 to $470.00 and gave the company an "overweight" rating in a research note on Tuesday, February 4th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $416.50.

Everest Group Company 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.