Everest Group, Ltd. $EG Shares Purchased by Simplicity Wealth LLC

Simplicity Wealth LLC boosted its stake in Everest Group, Ltd. (NYSE:EG) by 14.3% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 710 shares of the company’s stock after purchasing an additional 89 shares during the period. Simplicity Wealth LLC’s holdings in Everest Group were worth $241,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. SVB Wealth LLC acquired a new stake in Everest Group in the 1st quarter valued at approximately $30,000. Tsfg LLC acquired a new stake in Everest Group in the 1st quarter valued at approximately $33,000. Zions Bancorporation National Association UT acquired a new stake in Everest Group in the 1st quarter valued at approximately $34,000. WPG Advisers LLC acquired a new stake in Everest Group in the 1st quarter valued at approximately $37,000. Finally, Geneos Wealth Management Inc. increased its holdings in Everest Group by 98.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 181 shares of the company’s stock valued at $66,000 after purchasing an additional 90 shares during the last quarter. Institutional investors and hedge funds own 92.64% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on EG shares. Citigroup initiated coverage on shares of Everest Group in a research note on Wednesday, August 13th. They issued a “neutral” rating and a $362.00 price target for the company. Cowen restated a “hold” rating on shares of Everest Group in a research note on Tuesday. Wells Fargo & Company boosted their price target on shares of Everest Group from $371.00 to $383.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Weiss Ratings restated a “hold (c)” rating on shares of Everest Group in a research note on Wednesday. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Everest Group from $405.00 to $416.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 6th. Six analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Everest Group presently has a consensus rating of “Hold” and an average target price of $389.60.

Everest Group Price Performance

Everest Group stock opened at $359.88 on Thursday. The stock has a market cap of $15.09 billion, a P/E ratio of 19.10, a price-to-earnings-growth ratio of 0.27 and a beta of 0.48. The company has a fifty day simple moving average of $341.12 and a 200-day simple moving average of $342.84. Everest Group, Ltd. has a 12-month low of $320.00 and a 12-month high of $402.11. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.24.

Everest Group (NYSE:EG) last released its quarterly earnings data on Wednesday, July 30th. The company reported $17.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $15.14 by $2.22. Everest Group had a net margin of 4.56% and a return on equity of 5.89%. The business had revenue of $4.49 billion during the quarter, compared to analysts’ expectations of $4.22 billion. During the same period in the previous year, the company earned $16.85 EPS. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. Equities analysts expect that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Everest Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Wednesday, September 3rd were given a $2.00 dividend. The ex-dividend date of this dividend was Wednesday, September 3rd. This represents a $8.00 dividend on an annualized basis and a yield of 2.2%. Everest Group’s payout ratio is 42.46%.

Everest Group 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.