Vista Investment Partners II LLC acquired a new stake in shares of Everest Group, Ltd. (NYSE:EG - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,695 shares of the company's stock, valued at approximately $1,702,000.
A number of other large investors also recently modified their holdings of EG. Geode Capital Management LLC raised its holdings in shares of Everest Group by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,155,760 shares of the company's stock worth $453,818,000 after purchasing an additional 16,180 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Everest Group by 6.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 490,691 shares of the company's stock worth $192,267,000 after purchasing an additional 30,458 shares during the period. Assetmark Inc. boosted its holdings in shares of Everest Group by 1.4% during the fourth quarter. Assetmark Inc. now owns 415,638 shares of the company's stock worth $150,652,000 after purchasing an additional 5,649 shares during the period. Mizuho Securities USA LLC grew its stake in shares of Everest Group by 12,263.1% in the third quarter. Mizuho Securities USA LLC now owns 415,400 shares of the company's stock worth $162,766,000 after purchasing an additional 412,040 shares during the last quarter. Finally, FMR LLC increased its holdings in Everest Group by 21.5% during the 3rd quarter. FMR LLC now owns 410,861 shares of the company's stock valued at $160,988,000 after purchasing an additional 72,822 shares during the period. 92.64% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several research firms have weighed in on EG. Morgan Stanley reaffirmed an "equal weight" rating and set a $340.00 price objective (down from $425.00) on shares of Everest Group in a research report on Wednesday, February 5th. Barclays upped their target price on shares of Everest Group from $461.00 to $470.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 4th. TD Cowen dropped their price objective on shares of Everest Group from $444.00 to $419.00 and set a "hold" rating on the stock in a research note on Monday, November 18th. BMO Capital Markets cut shares of Everest Group from an "outperform" rating to a "market perform" rating and cut their price objective for the stock from $453.00 to $375.00 in a report on Thursday, January 30th. Finally, Wells Fargo & Company lowered their target price 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. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $416.50.
View Our Latest Report on EG
Everest Group Stock Up 0.4 %
Shares of EG traded up $1.53 on Thursday, hitting $349.28. 430,585 shares of the stock traded hands, compared to its average volume of 348,551. The company has a market capitalization of $15.00 billion, a PE ratio of 11.12, 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. Everest Group, Ltd. has a one year low of $327.37 and a one year high of $407.30. The business has a 50 day simple moving average of $351.95 and a 200 day simple moving average of $368.93.
Everest Group (NYSE:EG - Get Free Report) last posted its 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 net margin of 7.95% and a return on equity of 9.04%. As a group, equities analysts forecast that Everest Group, Ltd. will post 47.93 earnings per share for the current fiscal year.
Everest Group Announces Dividend
The business also recently announced 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 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date of this dividend is Monday, March 17th. Everest Group's dividend payout ratio (DPR) is presently 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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