Everest Group, Ltd. (NYSE:EG) Stock Holdings Boosted by General American Investors Co. Inc.

General American Investors Co. Inc. raised its position in Everest Group, Ltd. (NYSE:EG) by 4.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 134,686 shares of the company’s stock after buying an additional 5,490 shares during the quarter. Everest Group comprises about 3.6% of General American Investors Co. Inc.’s holdings, making the stock its 10th largest position. General American Investors Co. Inc. owned about 0.31% of Everest Group worth $51,318,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in EG. American National Bank bought a new stake in shares of Everest Group during the 2nd quarter valued at about $27,000. Heritage Wealth Advisors purchased a new position in Everest Group in the 4th quarter worth approximately $30,000. FinTrust Capital Advisors LLC bought a new position in shares of Everest Group in the 4th quarter worth $33,000. Massmutual Trust Co. FSB ADV purchased a new stake in shares of Everest Group during the 1st quarter valued at $33,000. Finally, Benjamin F. Edwards & Company Inc. bought a new stake in shares of Everest Group during the 4th quarter worth $35,000. Institutional investors own 92.64% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Morgan Stanley reduced their target price on shares of Everest Group from $450.00 to $445.00 and set an “overweight” rating on the stock in a report on Wednesday, July 10th. BMO Capital Markets reiterated a “market perform” rating and issued a $403.00 price objective on shares of Everest Group in a report on Friday, August 30th. Barclays initiated coverage on Everest Group in a report on Wednesday. They set an “overweight” rating and a $527.00 target price for the company. Keefe, Bruyette & Woods decreased their price target on Everest Group from $454.00 to $438.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Finally, TD Cowen lowered their price objective on Everest Group from $419.00 to $405.00 and set a “hold” rating for the company in a research report on Tuesday, August 13th. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $439.00.

Everest Group Stock Down 1.6 %

EG stock opened at $383.39 on Friday. The business’s 50 day moving average price is $379.26 and its two-hundred day moving average price is $378.74. Everest Group, Ltd. has a fifty-two week low of $343.76 and a fifty-two week high of $417.92. The company has a market capitalization of $16.66 billion, a price-to-earnings ratio of 5.70, a price-to-earnings-growth ratio of 2.56 and a beta of 0.62. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.38 and a current ratio of 0.38.

Everest Group (NYSE:EG) last released its quarterly earnings results on Wednesday, July 31st. The company reported $16.85 EPS for the quarter, missing analysts’ consensus estimates of $16.97 by ($0.12). Everest Group had a return on equity of 24.09% and a net margin of 18.36%. The firm had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.32 billion. During the same period in the prior year, the firm posted $15.21 earnings per share. Everest Group’s revenue for the quarter was up 15.8% on a year-over-year basis. As a group, analysts forecast that Everest Group, Ltd. will post 61.76 earnings per share for the current fiscal year.

Everest Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Monday, September 16th will be issued a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date is Monday, September 16th. Everest Group’s payout ratio is currently 11.89%.

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.