Tredje AP fonden Has $2.57 Million Position in Everest Group, Ltd. (NYSE:EG)

Tredje AP fonden lessened its holdings in shares of Everest Group, Ltd. (NYSE:EG) by 1.6% in the second quarter, according to its most recent filing with the SEC. The firm owned 6,747 shares of the company’s stock after selling 107 shares during the period. Tredje AP fonden’s holdings in Everest Group were worth $2,571,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. American National Bank acquired a new stake in shares of Everest Group during the second quarter worth $27,000. Heritage Wealth Advisors bought a new position in Everest Group during the fourth quarter worth about $30,000. FinTrust Capital Advisors LLC acquired a new position in shares of Everest Group during the 4th quarter worth about $33,000. Massmutual Trust Co. FSB ADV bought a new stake in shares of Everest Group in the 1st quarter valued at about $33,000. Finally, Hollencrest Capital Management raised its position in shares of Everest Group by 575.0% in the 1st quarter. Hollencrest Capital Management now owns 135 shares of the company’s stock valued at $54,000 after acquiring an additional 115 shares during the period. Institutional investors own 92.64% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on EG. Morgan Stanley decreased their price objective on shares of Everest Group from $450.00 to $445.00 and set an “overweight” rating for the company in a report on Wednesday, July 10th. TD Cowen lowered their price objective on shares of Everest Group from $419.00 to $405.00 and set a “hold” rating for the company in a research report on Tuesday, August 13th. Keefe, Bruyette & Woods reduced their target price on Everest Group from $454.00 to $438.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Wells Fargo & Company increased their price target on Everest Group from $392.00 to $393.00 and gave the stock an “equal weight” rating in a report on Monday, August 12th. Finally, Barclays assumed coverage on Everest Group in a report on Wednesday, September 4th. They set an “overweight” rating and a $527.00 price objective on the stock. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $438.09.

Everest Group Trading Down 0.1 %

NYSE:EG opened at $388.30 on Friday. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.24. Everest Group, Ltd. has a twelve month low of $343.76 and a twelve month high of $417.92. The company has a market cap of $16.80 billion, a P/E ratio of 5.77, a price-to-earnings-growth ratio of 2.71 and a beta of 0.62. The business has a 50 day moving average price of $381.42 and a two-hundred day moving average price of $379.69.

Everest Group (NYSE:EG) last announced its earnings results on Wednesday, July 31st. The company reported $16.85 EPS for the quarter, missing the consensus estimate of $16.97 by ($0.12). Everest Group had a return on equity of 24.09% and a net margin of 18.36%. The business had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.32 billion. During the same quarter in the previous year, the company posted $15.21 EPS. The business’s revenue for the quarter was up 15.8% compared to the same quarter last year. As a group, analysts expect that Everest Group, Ltd. will post 61.66 EPS for the current fiscal year.

Everest Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Monday, September 16th will be issued a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend is Monday, September 16th. Everest Group’s payout ratio is presently 11.89%.

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.