Symmetry Partners LLC Acquires Shares of 738 Everest Group, Ltd. (NYSE:EG)

Symmetry Partners LLC acquired a new stake in Everest Group, Ltd. (NYSE:EGFree Report) during the first quarter, HoldingsChannel reports. The firm acquired 738 shares of the company’s stock, valued at approximately $293,000.

A number of other institutional investors also recently bought and sold shares of the business. Nomura Holdings Inc. purchased a new stake in Everest Group during the fourth quarter worth about $6,211,000. Quadrature Capital Ltd purchased a new stake in shares of Everest Group in the fourth quarter valued at about $2,570,000. PNC Financial Services Group Inc. purchased a new stake in shares of Everest Group in the fourth quarter valued at about $1,438,000. Grayhawk Investment Strategies Inc. purchased a new stake in shares of Everest Group in the fourth quarter valued at about $775,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Everest Group during the fourth quarter worth approximately $9,498,000. 92.64% of the stock is currently owned by institutional investors and hedge funds.

Everest Group Stock Up 0.2 %

Everest Group stock traded up $0.86 during midday trading on Tuesday, hitting $377.25. 218,307 shares of the stock were exchanged, compared to its average volume of 330,815. Everest Group, Ltd. has a 1 year low of $331.08 and a 1 year high of $417.92. The firm has a market cap of $16.40 billion, a P/E ratio of 5.59, a P/E/G ratio of 3.22 and a beta of 0.62. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.38 and a quick ratio of 0.38. The company has a 50 day moving average price of $377.06 and a two-hundred day moving average price of $375.67.

Everest Group (NYSE:EGGet Free Report) last released its quarterly earnings results on Monday, April 29th. The company reported $16.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $15.98 by $0.34. The firm had revenue of $4.13 billion for the quarter, compared to the consensus estimate of $4.05 billion. Everest Group had a net margin of 18.69% and a return on equity of 24.86%. The firm’s quarterly revenue was up 25.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $11.31 EPS. On average, sell-side analysts predict that Everest Group, Ltd. will post 61.65 earnings per share for the current fiscal year.

Everest Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Wednesday, May 29th were issued a $2.00 dividend. The ex-dividend date of this dividend was Wednesday, May 29th. This is a positive change from Everest Group’s previous quarterly dividend of $1.75. This represents a $8.00 annualized dividend and a dividend yield of 2.12%. Everest Group’s payout ratio is 11.89%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Keefe, Bruyette & Woods lifted their price target on shares of Everest Group from $445.00 to $457.00 and gave the company an “outperform” rating in a report on Wednesday, April 10th. Morgan Stanley decreased their price target on shares of Everest Group from $466.00 to $450.00 and set an “overweight” rating on the stock in a report on Monday, April 15th. Finally, Wells Fargo & Company decreased their price target on shares of Everest Group from $402.00 to $397.00 and set an “equal weight” rating on the stock in a report on Thursday, April 11th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $432.11.

View Our Latest Research Report on Everest Group

Everest Group Company 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.

Featured Stories

Want to see what other hedge funds are holding EG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Everest Group, Ltd. (NYSE:EGFree Report).

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

Receive News & Ratings for Everest Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Everest Group and related companies with MarketBeat.com's FREE daily email newsletter.