Ieq Capital LLC Purchases Shares of 860 Everest Group, Ltd. (NYSE:EG)

Ieq Capital LLC purchased a new stake in Everest Group, Ltd. (NYSE:EGFree Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 860 shares of the company’s stock, valued at approximately $304,000.

Other hedge funds have also made changes to their positions in the company. Allworth Financial LP purchased a new position in shares of Everest Group in the 4th quarter valued at about $25,000. Avior Wealth Management LLC purchased a new position in Everest Group during the 4th quarter worth approximately $25,000. Headlands Technologies LLC purchased a new position in Everest Group during the 4th quarter worth approximately $25,000. Janiczek Wealth Management LLC purchased a new position in Everest Group during the 4th quarter worth approximately $27,000. Finally, Trifecta Capital Advisors LLC purchased a new position in Everest Group during the 4th quarter worth approximately $28,000. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Everest Group Stock Up 1.2 %

Everest Group stock opened at $392.92 on Friday. Everest Group, Ltd. has a twelve month low of $331.08 and a twelve month high of $417.92. The stock has a 50 day moving average of $378.71 and a two-hundred day moving average of $377.56. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $17.08 billion, a price-to-earnings ratio of 5.84, a PEG ratio of 3.45 and a beta of 0.57.

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 business 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 quarterly revenue was up 25.8% compared to the same quarter last year. During the same period last year, the firm earned $11.31 EPS. As a group, research analysts expect that Everest Group, Ltd. will post 61.64 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. Stockholders of record on Wednesday, May 29th will be issued a $2.00 dividend. This is a boost from Everest Group’s previous quarterly dividend of $1.75. This represents a $8.00 annualized dividend and a dividend yield of 2.04%. The ex-dividend date of this dividend is Wednesday, May 29th. Everest Group’s dividend payout ratio (DPR) is currently 10.40%.

Wall Street Analyst Weigh In

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

Read Our Latest Stock Analysis on Everest Group

Everest Group 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.

See Also

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

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