Quadrant Capital Group LLC Invests $72,000 in Everest Group, Ltd. (NYSE:EG)

Quadrant Capital Group LLC bought a new position in Everest Group, Ltd. (NYSE:EG) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 203 shares of the company’s stock, valued at approximately $72,000.

A number of other large investors have also bought and sold shares of EG. Allworth Financial LP acquired a new stake in Everest Group in the 4th quarter valued at about $25,000. Avior Wealth Management LLC bought a new position in Everest Group in the 4th quarter worth approximately $25,000. Headlands Technologies LLC acquired a new position in Everest Group during the 4th quarter worth $25,000. Janiczek Wealth Management LLC bought a new position in Everest Group in the 4th quarter valued at $27,000. Finally, Trifecta Capital Advisors LLC acquired a new stake in shares of Everest Group in the 4th quarter valued at $28,000. 92.64% of the stock is currently owned by institutional investors.

Everest Group Stock Up 1.1 %

Shares of NYSE:EG opened at $391.78 on Friday. The company has a 50 day moving average price of $379.35 and a two-hundred day moving average price of $377.74. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.38 and a current ratio of 0.38. The company has a market capitalization of $17.03 billion, a PE ratio of 5.82, a PEG ratio of 3.43 and a beta of 0.57. Everest Group, Ltd. has a 52 week low of $331.08 and a 52 week high of $417.92.

Everest Group (NYSE:EG) last released its quarterly earnings data on Monday, April 29th. The company reported $16.32 EPS for the quarter, beating analysts’ consensus estimates of $15.98 by $0.34. The business had revenue of $4.13 billion during the quarter, compared to analysts’ expectations of $4.05 billion. Everest Group had a net margin of 18.69% and a return on equity of 24.86%. The firm’s quarterly revenue was up 25.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $11.31 EPS. Analysts forecast that Everest Group, Ltd. will post 61.65 earnings per share for the current year.

Everest Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Wednesday, May 29th will be given a dividend of $2.00 per share. The ex-dividend date is Wednesday, May 29th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.04%. This is a positive change from Everest Group’s previous quarterly dividend of $1.75. Everest Group’s dividend payout ratio (DPR) is currently 10.40%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on EG shares. Keefe, Bruyette & Woods upped their price target on Everest Group from $445.00 to $457.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. Morgan Stanley lowered their price target on shares of Everest Group from $466.00 to $450.00 and set an “overweight” rating for the company in a research report on Monday, April 15th. Wells Fargo & Company cut their price objective on shares of Everest Group from $402.00 to $397.00 and set an “equal weight” rating on the stock in a report on Thursday, April 11th. Finally, Citigroup cut shares of Everest Group from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $452.00 to $375.00 in a research note on Monday, February 12th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Everest Group has a consensus rating of “Moderate Buy” and an average price target of $432.11.

Everest Group 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.