Pathway Financial Advisers LLC Has $5.37 Million Position in Everest Group, Ltd. (NYSE:EG)

Pathway Financial Advisers LLC grew its position in Everest Group, Ltd. (NYSE:EG) by 39,082.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,714 shares of the company’s stock after purchasing an additional 13,679 shares during the period. Pathway Financial Advisers LLC’s holdings in Everest Group were worth $5,374,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Boston Partners grew its stake in Everest Group by 29.1% during the first quarter. Boston Partners now owns 1,197,457 shares of the company’s stock worth $475,750,000 after buying an additional 269,665 shares during the last quarter. AQR Capital Management LLC grew its position in Everest Group by 1.8% during the 2nd quarter. AQR Capital Management LLC now owns 1,032,479 shares of the company’s stock worth $393,395,000 after acquiring an additional 17,885 shares during the last quarter. Champlain Investment Partners LLC increased its holdings in Everest Group by 5.3% during the 1st quarter. Champlain Investment Partners LLC now owns 906,100 shares of the company’s stock valued at $360,175,000 after purchasing an additional 45,705 shares in the last quarter. William Blair Investment Management LLC raised its position in Everest Group by 30.2% in the 2nd quarter. William Blair Investment Management LLC now owns 580,171 shares of the company’s stock valued at $221,057,000 after purchasing an additional 134,517 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Everest Group by 7.7% in the second quarter. Dimensional Fund Advisors LP now owns 535,121 shares of the company’s stock worth $203,891,000 after purchasing an additional 38,254 shares in the last quarter. Institutional investors own 92.64% of the company’s stock.

Everest Group Trading Down 1.9 %

Everest Group stock traded down $7.49 during midday trading on Friday, hitting $379.61. 347,641 shares of the stock were exchanged, compared to its average volume of 342,236. Everest Group, Ltd. has a 52 week low of $343.76 and a 52 week high of $417.92. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $16.50 billion, a PE ratio of 5.64, a P/E/G ratio of 2.71 and a beta of 0.61. The company has a fifty day simple moving average of $387.31 and a two-hundred day simple moving average of $380.48.

Everest Group (NYSE:EG) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $16.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $16.97 by ($0.12). The firm had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.32 billion. Everest Group had a net margin of 18.36% and a return on equity of 24.09%. Everest Group’s quarterly revenue was up 15.8% on a year-over-year basis. During the same period last year, the firm earned $15.21 EPS. Equities research analysts anticipate that Everest Group, Ltd. will post 60.97 EPS for the current fiscal year.

Everest Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 16th were given a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date was Monday, September 16th. Everest Group’s dividend payout ratio is currently 11.89%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Morgan Stanley lowered their target price on Everest Group from $450.00 to $445.00 and set an “overweight” rating for the company in a research note on Wednesday, July 10th. Barclays began coverage on shares of Everest Group in a research note on Wednesday, September 4th. They issued an “overweight” rating and a $527.00 target price for the company. Keefe, Bruyette & Woods decreased their price target on shares of Everest Group from $454.00 to $438.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. UBS Group raised shares of Everest Group to a “hold” rating in a report on Wednesday, October 9th. Finally, Jefferies Financial Group upped their price objective on Everest Group from $440.00 to $457.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Five equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Everest Group currently has an average rating of “Moderate Buy” and an average target price of $439.27.

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.