Everest Group, Ltd. (NYSE:EG) Shares Sold by Erste Asset Management GmbH

Erste Asset Management GmbH trimmed its position in Everest Group, Ltd. (NYSE:EG) by 9.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,000 shares of the company’s stock after selling 100 shares during the quarter. Erste Asset Management GmbH’s holdings in Everest Group were worth $360,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Achmea Investment Management B.V. boosted its holdings in Everest Group by 11.7% in the 4th quarter. Achmea Investment Management B.V. now owns 4,111 shares of the company’s stock valued at $1,490,000 after purchasing an additional 432 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Everest Group by 43.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 211 shares of the company’s stock valued at $76,000 after acquiring an additional 64 shares during the period. HighTower Advisors LLC raised its stake in shares of Everest Group by 68.7% in the 4th quarter. HighTower Advisors LLC now owns 3,963 shares of the company’s stock valued at $1,436,000 after acquiring an additional 1,614 shares during the period. Vista Investment Partners II LLC purchased a new stake in shares of Everest Group in the 4th quarter valued at approximately $1,702,000. Finally, Johnson Investment Counsel Inc. raised its stake in shares of Everest Group by 5.1% in the 4th quarter. Johnson Investment Counsel Inc. now owns 186,327 shares of the company’s stock valued at $67,536,000 after acquiring an additional 8,984 shares during the period. 92.64% of the stock is currently owned by institutional investors and hedge funds.

Everest Group Trading Up 2.8 %

NYSE EG opened at $359.35 on Friday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.26. Everest Group, Ltd. has a 52 week low of $327.37 and a 52 week high of $407.30. The stock has a market capitalization of $15.43 billion, a PE ratio of 11.44, a price-to-earnings-growth ratio of 0.24 and a beta of 0.61. The firm has a 50 day moving average of $351.55 and a two-hundred day moving average of $368.44.

Everest Group (NYSE:EG) last issued its earnings results on Monday, February 3rd. The company reported ($18.39) earnings per share (EPS) for the quarter, missing the consensus estimate of $11.64 by ($30.03). Everest Group had a net margin of 7.95% and a return on equity of 9.04%. As a group, research analysts expect that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Everest Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 17th will be issued a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 2.23%. The ex-dividend date is Monday, March 17th. Everest Group’s payout ratio is 25.47%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on EG shares. Jefferies Financial Group downgraded shares of Everest Group from a “buy” rating to a “hold” rating and boosted their price target for the company from $420.00 to $429.00 in a research note on Tuesday, November 26th. Wells Fargo & Company cut their target price on shares of Everest Group from $390.00 to $380.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. Barclays upped their target price on shares of Everest Group from $461.00 to $470.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 4th. Keefe, Bruyette & Woods upped their target price on shares of Everest Group from $420.00 to $434.00 and gave the stock an “outperform” rating in a research note on Friday, January 10th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $340.00 target price (down from $425.00) on shares of Everest Group in a research note on Wednesday, February 5th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $416.50.

Everest Group Company 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.