Everest Group, Ltd. (NYSE:EG) Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC raised its stake in Everest Group, Ltd. (NYSE:EG) by 133.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 63,708 shares of the company’s stock after buying an additional 36,384 shares during the quarter. Intech Investment Management LLC’s holdings in Everest Group were worth $23,092,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new position in Everest Group in the fourth quarter valued at about $31,000. Brooklyn Investment Group acquired a new stake in shares of Everest Group during the third quarter worth about $39,000. Private Trust Co. NA lifted its position in shares of Everest Group by 51.7% during the third quarter. Private Trust Co. NA now owns 132 shares of the company’s stock worth $52,000 after purchasing an additional 45 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Everest Group during the third quarter worth about $64,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Everest Group by 43.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 211 shares of the company’s stock worth $76,000 after purchasing an additional 64 shares in the last quarter. Institutional investors and hedge funds own 92.64% of the company’s stock.

Everest Group Trading Up 1.9 %

Shares of EG stock opened at $365.35 on Tuesday. Everest Group, Ltd. has a fifty-two week low of $327.37 and a fifty-two week high of $407.30. The stock has a market cap of $15.69 billion, a P/E ratio of 11.63, a P/E/G ratio of 0.24 and a beta of 0.61. The business has a fifty day simple moving average of $351.63 and a 200-day simple moving average of $368.12. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.26.

Everest Group (NYSE:EG) last posted 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, analysts forecast that Everest Group, Ltd. will post 47.93 earnings per share for the current fiscal year.

Everest Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 17th will be issued a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 2.19%. The ex-dividend date is Monday, March 17th. Everest Group’s dividend payout ratio (DPR) is 25.47%.

Analysts Set New Price Targets

A number of analysts recently weighed in on EG shares. Barclays upped their target price on shares of Everest Group from $461.00 to $470.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 4th. Jefferies Financial Group lowered shares of Everest Group from a “buy” rating to a “hold” rating and raised their target price for the stock from $420.00 to $429.00 in a research report on Tuesday, November 26th. TD Cowen decreased their price target on Everest Group from $444.00 to $419.00 and set a “hold” rating for the company in a report on Monday, November 18th. BMO Capital Markets downgraded Everest Group from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $453.00 to $375.00 in a report on Thursday, January 30th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $340.00 price target (down from $425.00) on shares of Everest Group in a report on Wednesday, February 5th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Everest Group has an average 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.