William Blair Investment Management LLC raised its holdings in Everest Group, Ltd. (NYSE:EG - Free Report) by 10.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 642,813 shares of the company's stock after acquiring an additional 61,026 shares during the quarter. William Blair Investment Management LLC owned approximately 1.50% of Everest Group worth $232,994,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new position in Everest Group in the 4th quarter valued at approximately $31,000. Brooklyn Investment Group acquired a new position in Everest Group in the third quarter valued at $39,000. Private Trust Co. NA grew its holdings in Everest Group by 51.7% during the 3rd quarter. Private Trust Co. NA now owns 132 shares of the company's stock worth $52,000 after acquiring an additional 45 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Everest Group in the 3rd quarter worth about $64,000. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Everest Group by 43.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 211 shares of the company's stock valued at $76,000 after purchasing an additional 64 shares during the period. 92.64% of the stock is currently owned by institutional investors and hedge funds.
Everest Group Stock Performance
EG stock traded down $5.52 during midday trading on Tuesday, hitting $359.54. The company's stock had a trading volume of 340,873 shares, compared to its average volume of 347,231. Everest Group, Ltd. has a 1 year low of $327.37 and a 1 year high of $407.30. 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 stock's 50-day moving average price is $351.40 and its 200 day moving average price is $367.89. The stock has a market cap of $15.44 billion, a price-to-earnings ratio of 11.45, a PEG ratio of 0.24 and a beta of 0.61.
Everest Group (NYSE:EG - Get Free Report) last issued its quarterly earnings results 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 net margin of 7.95% and a return on equity of 9.04%. On average, equities analysts forecast that Everest Group, Ltd. will post 47.93 EPS for the current year.
Everest Group Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 17th will be paid a $2.00 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $8.00 dividend on an annualized basis and a yield of 2.23%. Everest Group's dividend payout ratio (DPR) is currently 25.47%.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on the company. Morgan Stanley reaffirmed an "equal weight" rating and set a $340.00 target price (down previously from $425.00) on shares of Everest Group in a research note on Wednesday, February 5th. Barclays boosted their price target on Everest Group from $461.00 to $470.00 and gave the company an "overweight" rating in a research note on Tuesday, February 4th. Wells Fargo & Company dropped their price target on 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. TD Cowen dropped their price target on Everest Group from $444.00 to $419.00 and set a "hold" rating on the stock in a research note on Monday, November 18th. Finally, BMO Capital Markets lowered Everest Group from an "outperform" rating to a "market perform" rating and dropped their price target for the company from $453.00 to $375.00 in a research note on Thursday, January 30th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $416.50.
Get Our Latest Research Report on Everest Group
Everest Group Company 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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