833 Shares in Everest Group, Ltd. (NYSE:EG) Purchased by Impact Partnership Wealth LLC

Impact Partnership Wealth LLC acquired a new position in shares of Everest Group, Ltd. (NYSE:EG) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 833 shares of the company’s stock, valued at approximately $326,000.

A number of other institutional investors have also added to or reduced their stakes in EG. SG Americas Securities LLC raised its holdings in shares of Everest Group by 284.8% in the 3rd quarter. SG Americas Securities LLC now owns 24,556 shares of the company’s stock valued at $9,622,000 after acquiring an additional 18,175 shares in the last quarter. Diversified Trust Co bought a new position in shares of Everest Group during the 1st quarter valued at about $1,621,000. Wealth Enhancement Advisory Services LLC increased its position in shares of Everest Group by 163.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,772 shares of the company’s stock valued at $1,897,000 after purchasing an additional 2,964 shares during the last quarter. Whittier Trust Co. bought a new position in shares of Everest Group during the 1st quarter valued at about $1,505,000. Finally, Clearbridge Investments LLC increased its position in shares of Everest Group by 1.5% during the 1st quarter. Clearbridge Investments LLC now owns 289,439 shares of the company’s stock valued at $115,052,000 after purchasing an additional 4,412 shares during the last quarter. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Wall Street Analysts Forecast Growth

EG has been the topic of several recent research reports. Wells Fargo & Company increased their price objective on Everest Group from $393.00 to $406.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. BMO Capital Markets reiterated a “market perform” rating and set a $403.00 price objective on shares of Everest Group in a research report on Friday, August 30th. Bank of America reduced their price objective on Everest Group from $496.00 to $485.00 and set a “buy” rating on the stock in a research report on Thursday, October 10th. TD Cowen reduced their price objective on Everest Group from $419.00 to $405.00 and set a “hold” rating on the stock in a research report on Tuesday, August 13th. Finally, Jefferies Financial Group raised their price target on Everest Group from $440.00 to $457.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Five investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $439.27.

Everest Group Price Performance

Shares of EG stock opened at $386.93 on Friday. The firm has a market cap of $16.66 billion, a P/E ratio of 5.71, a P/E/G ratio of 2.71 and a beta of 0.61. Everest Group, Ltd. has a fifty-two week low of $343.76 and a fifty-two week high of $417.92. The business’s 50 day moving average price is $387.21 and its 200-day moving average price is $380.49. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.38 and a current ratio of 0.38.

Everest Group (NYSE:EG) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $16.85 earnings per share for the quarter, missing analysts’ consensus estimates of $16.97 by ($0.12). The business had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.32 billion. Everest Group had a return on equity of 24.09% and a net margin of 18.36%. Everest Group’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $15.21 earnings per share. On average, equities research analysts anticipate that Everest Group, Ltd. will post 60.97 earnings per share for the current year.

Everest Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 16th were given a $2.00 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.07%. Everest Group’s dividend payout ratio is currently 11.81%.

About Everest Group

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.