Everest Group, Ltd. (NYSE:EG) Shares Sold by Boston Partners

Boston Partners reduced its holdings in shares of Everest Group, Ltd. (NYSE:EG) by 50.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 674,333 shares of the company’s stock after selling 698,318 shares during the period. Boston Partners’ holdings in Everest Group were worth $244,420,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new position in Everest Group during the 4th quarter worth $31,000. Brooklyn Investment Group purchased a new position in Everest Group during the 3rd quarter worth $39,000. Private Trust Co. NA grew its position in Everest Group by 51.7% during the 3rd quarter. Private Trust Co. NA now owns 132 shares of the company’s stock worth $52,000 after purchasing an additional 45 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Everest Group during the 3rd quarter worth $64,000. Finally, EverSource Wealth Advisors LLC grew its position in Everest Group by 43.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 211 shares of the company’s stock worth $76,000 after purchasing an additional 64 shares during the last quarter. 92.64% of the stock is owned by hedge funds and other institutional investors.

Everest Group Stock Down 1.5 %

EG stock opened at $359.54 on Wednesday. The company has a market cap of $15.44 billion, a P/E ratio of 11.45, a P/E/G ratio of 0.24 and a beta of 0.61. Everest Group, Ltd. has a 52 week low of $327.37 and a 52 week high of $407.30. The company’s 50-day moving average price is $351.40 and its 200 day moving average price is $367.89. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.26.

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

Everest Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 17th will be given a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date is Monday, March 17th. Everest Group’s payout ratio is currently 25.47%.

Analyst Ratings Changes

Several research analysts have issued reports on EG shares. Jefferies Financial Group downgraded shares of Everest Group from a “buy” rating to a “hold” rating and raised their price objective for the stock from $420.00 to $429.00 in a research report on Tuesday, November 26th. Keefe, Bruyette & Woods lifted their target price on shares of Everest Group from $420.00 to $434.00 and gave the company an “outperform” rating in a report on Friday, January 10th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $340.00 target price (down previously from $425.00) on shares of Everest Group in a report on Wednesday, February 5th. Barclays lifted their target price on shares of Everest Group from $461.00 to $470.00 and gave the company an “overweight” rating in a report on Tuesday, February 4th. Finally, Wells Fargo & Company lowered 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 report on Tuesday, January 14th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Everest Group presently has a consensus rating of “Hold” and a consensus target price of $416.50.

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.