Swiss National Bank Sells 6,500 Shares of Everest Group, Ltd. (NYSE:EG)

Swiss National Bank decreased its holdings in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 5.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 122,300 shares of the company's stock after selling 6,500 shares during the period. Swiss National Bank owned about 0.28% of Everest Group worth $44,329,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC increased its holdings in shares of Everest Group by 43.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 211 shares of the company's stock worth $76,000 after buying an additional 64 shares in the last quarter. HighTower Advisors LLC increased its holdings in shares of Everest Group by 68.7% during the fourth quarter. HighTower Advisors LLC now owns 3,963 shares of the company's stock worth $1,436,000 after buying an additional 1,614 shares in the last quarter. Vista Investment Partners II LLC acquired a new stake in shares of Everest Group during the fourth quarter worth approximately $1,702,000. Johnson Investment Counsel Inc. increased its holdings in shares of Everest Group by 5.1% during the fourth quarter. Johnson Investment Counsel Inc. now owns 186,327 shares of the company's stock worth $67,536,000 after buying an additional 8,984 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its holdings in shares of Everest Group by 5.8% during the fourth quarter. Daiwa Securities Group Inc. now owns 5,704 shares of the company's stock worth $2,067,000 after buying an additional 312 shares in the last quarter. Institutional investors own 92.64% of the company's stock.

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Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on EG shares. Wells Fargo & Company dropped their price objective on shares of Everest Group from $390.00 to $380.00 and set an "equal weight" rating for the company in a report on Tuesday, January 14th. TD Cowen lowered their price target 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. Barclays raised their price target on shares of Everest Group from $461.00 to $470.00 and gave the company an "overweight" rating in a report on Tuesday, February 4th. BMO Capital Markets lowered shares of Everest Group from an "outperform" rating to a "market perform" rating and lowered their price target for the company from $453.00 to $375.00 in a report on Thursday, January 30th. Finally, Jefferies Financial Group lowered shares of Everest Group from a "buy" rating to a "hold" rating and raised their price target for the company from $420.00 to $429.00 in a report on Tuesday, November 26th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $416.50.

Everest Group Trading Down 0.7 %

EG traded down $2.69 during trading on Tuesday, reaching $362.38. 126,306 shares of the company's stock were exchanged, compared to its average volume of 432,070. The company's fifty day moving average price is $351.63 and its 200-day moving average price is $368.12. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.40 and a current ratio of 0.40. Everest Group, Ltd. has a fifty-two week low of $327.37 and a fifty-two week high of $407.30. The firm has a market capitalization of $15.56 billion, a PE ratio of 11.54, a P/E/G ratio of 0.24 and a beta of 0.61.

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 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%. As a group, equities analysts forecast that Everest Group, Ltd. will post 47.93 EPS for the current year.

Everest Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 17th will be given a dividend of $2.00 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.21%. Everest Group's dividend payout ratio is 25.47%.

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.