Swiss National Bank lowered its position in Everest Group, Ltd. (NYSE:EG - Free Report) by 5.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 122,300 shares of the company's stock after selling 6,500 shares during the quarter. Swiss National Bank owned 0.28% of Everest Group worth $44,329,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of EG. Dakota Wealth Management boosted its holdings in shares of Everest Group by 1.7% in the 4th quarter. Dakota Wealth Management now owns 1,945 shares of the company's stock worth $705,000 after acquiring an additional 32 shares in the last quarter. Wilmington Savings Fund Society FSB raised its position in Everest Group by 19.6% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 195 shares of the company's stock valued at $71,000 after purchasing an additional 32 shares during the last quarter. Steph & Co. boosted its stake in Everest Group by 10.6% in the fourth quarter. Steph & Co. now owns 366 shares of the company's stock worth $133,000 after purchasing an additional 35 shares in the last quarter. Lester Murray Antman dba SimplyRich grew its holdings in shares of Everest Group by 2.7% during the fourth quarter. Lester Murray Antman dba SimplyRich now owns 1,328 shares of the company's stock worth $481,000 after purchasing an additional 35 shares during the last quarter. Finally, Foundations Investment Advisors LLC increased its stake in shares of Everest Group by 5.9% in the fourth quarter. Foundations Investment Advisors LLC now owns 661 shares of the company's stock valued at $239,000 after buying an additional 37 shares in the last quarter. Institutional investors and hedge funds own 92.64% of the company's stock.
Everest Group Stock Performance
Shares of Everest Group stock traded up $6.69 during trading on Monday, reaching $365.35. The company's stock had a trading volume of 528,005 shares, compared to its average volume of 347,802. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.26. The business's 50-day moving average price is $351.63 and its 200-day moving average price is $368.12. Everest Group, Ltd. has a 52 week low of $327.37 and a 52 week high of $407.30. The firm has a market cap of $15.69 billion, a PE ratio of 11.63, a P/E/G ratio of 0.24 and a beta of 0.61.
Everest Group (NYSE:EG - Get Free Report) last posted its quarterly earnings data on Monday, February 3rd. The company reported ($18.39) EPS for the quarter, missing analysts' consensus estimates 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 Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 17th will be issued a $2.00 dividend. The ex-dividend date is Monday, March 17th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.19%. Everest Group's dividend payout ratio (DPR) is currently 25.47%.
Analysts Set New Price Targets
A number of research analysts have commented on EG shares. Keefe, Bruyette & Woods increased their price objective on Everest Group from $420.00 to $434.00 and gave the company an "outperform" rating in a research report on Friday, January 10th. Barclays upped their target price on shares of Everest Group from $461.00 to $470.00 and gave the company an "overweight" rating in a research report on Tuesday, February 4th. Wells Fargo & Company lowered their price target on shares of Everest Group from $390.00 to $380.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 14th. BMO Capital Markets lowered shares of Everest Group from an "outperform" rating to a "market perform" rating and cut their price objective for the company from $453.00 to $375.00 in a report on Thursday, January 30th. Finally, TD Cowen lowered their target price on shares of Everest Group from $444.00 to $419.00 and set a "hold" rating for the company in a report on Monday, November 18th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $416.50.
View Our Latest Stock Report on EG
Everest Group Profile
(
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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