Public Employees Retirement Association of Colorado Makes New Investment in Everest Group, Ltd. (NYSE:EG)

Public Employees Retirement Association of Colorado purchased a new stake in shares of Everest Group, Ltd. (NYSE:EGFree Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 4,099 shares of the company’s stock, valued at approximately $1,449,000.

Several other large investors have also made changes to their positions in the company. Assenagon Asset Management S.A. acquired a new stake in shares of Everest Group in the 4th quarter valued at $1,866,000. Red Door Wealth Management LLC bought a new position in Everest Group during the fourth quarter valued at about $237,000. Uncommon Cents Investing LLC acquired a new stake in shares of Everest Group in the fourth quarter worth about $1,016,000. Traynor Capital Management Inc. bought a new stake in shares of Everest Group during the 4th quarter worth about $466,000. Finally, Global Retirement Partners LLC acquired a new position in shares of Everest Group during the 4th quarter valued at about $102,000. Institutional investors own 92.64% of the company’s stock.

Everest Group Stock Down 0.3 %

Shares of EG 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 company has a 50-day simple moving average of $378.35 and a 200-day simple moving average of $377.10. Everest Group, Ltd. has a 52 week low of $331.08 and a 52 week high of $417.92. The firm has a market capitalization of $16.59 billion, a P/E ratio of 5.67, a P/E/G ratio of 3.36 and a beta of 0.62.

Everest Group (NYSE:EGGet Free Report) last posted its quarterly earnings results on Monday, April 29th. The company reported $16.32 EPS for the quarter, beating the consensus estimate of $15.98 by $0.34. The firm had revenue of $4.13 billion during 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 revenue for the quarter was up 25.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $11.31 EPS. On average, equities research analysts expect 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. Shareholders of record on Wednesday, May 29th will be paid a dividend of $2.00 per share. The ex-dividend date of this dividend is Wednesday, May 29th. This represents a $8.00 dividend on an annualized basis and a yield of 2.10%. This is an increase from Everest Group’s previous quarterly dividend of $1.75. Everest Group’s payout ratio is currently 11.89%.

Analyst Upgrades and Downgrades

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

Get Our Latest Analysis on EG

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

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