Personal CFO Solutions LLC Purchases New Holdings in Everest Group, Ltd. (NYSE:EG)

Personal CFO Solutions LLC purchased a new stake in Everest Group, Ltd. (NYSE:EGFree Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,092 shares of the company’s stock, valued at approximately $386,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Intech Investment Management LLC bought a new position in Everest Group during the 4th quarter worth approximately $18,995,000. Dai ichi Life Insurance Company Ltd bought a new position in Everest Group during the 4th quarter worth approximately $1,271,000. Tower Research Capital LLC TRC bought a new position in Everest Group during the 4th quarter worth approximately $2,372,000. Corient Private Wealth LLC bought a new position in Everest Group during the 4th quarter worth approximately $7,139,000. Finally, New York State Common Retirement Fund bought a new position in Everest Group during the 4th quarter worth approximately $13,273,000. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Stock Analysis on EG

Everest Group Stock Down 0.3 %

Shares of EG stock opened at $381.69 on Tuesday. 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 stock has a market cap of $16.59 billion, a PE ratio of 5.67, a price-to-earnings-growth ratio of 3.36 and a beta of 0.62. The business’s fifty day moving average is $378.35 and its 200-day moving average is $377.10. Everest Group, Ltd. has a 1 year low of $331.08 and a 1 year high of $417.92.

Everest Group (NYSE:EGGet Free Report) last issued its earnings results on Monday, April 29th. The company reported $16.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $15.98 by $0.34. The business had revenue of $4.13 billion for the quarter, compared to analysts’ expectations of $4.05 billion. Everest Group had a return on equity of 24.86% and a net margin of 18.69%. The company’s quarterly revenue was up 25.8% on a year-over-year basis. During the same period in the previous year, the firm posted $11.31 EPS. Equities analysts expect that Everest Group, Ltd. will post 61.65 earnings per share for the current fiscal year.

Everest Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Wednesday, May 29th will be issued a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.10%. This is a boost from Everest Group’s previous quarterly dividend of $1.75. The ex-dividend date of this dividend is Wednesday, May 29th. Everest Group’s payout ratio is presently 11.89%.

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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Institutional Ownership by Quarter for Everest Group (NYSE:EG)

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