Bokf Na Sells 7,506 Shares of Everest Group, Ltd. (NYSE:EG)

Bokf Na trimmed its holdings in shares of Everest Group, Ltd. (NYSE:EG) by 36.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,327 shares of the company’s stock after selling 7,506 shares during the period. Bokf Na’s holdings in Everest Group were worth $5,305,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Allworth Financial LP acquired a new stake in shares of Everest Group in the fourth quarter valued at $25,000. Avior Wealth Management LLC acquired a new stake in Everest Group in the 4th quarter valued at about $25,000. Headlands Technologies LLC acquired a new stake in Everest Group in the 4th quarter valued at about $25,000. Janiczek Wealth Management LLC bought a new position in shares of Everest Group in the fourth quarter worth about $27,000. Finally, Trifecta Capital Advisors LLC acquired a new position in shares of Everest Group during the fourth quarter worth approximately $28,000. Institutional investors and hedge funds own 92.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on EG. Wells Fargo & Company cut their price target on Everest Group from $402.00 to $397.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 11th. Keefe, Bruyette & Woods lowered their price target on shares of Everest Group from $457.00 to $454.00 and set an “outperform” rating for the company in a research report on Friday, July 12th. Morgan Stanley cut their price objective 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. Finally, Bank of America lifted their target price on shares of Everest Group from $470.00 to $493.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $437.40.

Everest Group Trading Up 2.5 %

Everest Group stock traded up $9.18 during midday trading on Friday, hitting $382.93. 332,477 shares of the stock were exchanged, compared to its average volume of 311,841. The stock has a market capitalization of $16.64 billion, a PE ratio of 5.69, a P/E/G ratio of 1.98 and a beta of 0.63. The company has a fifty day simple moving average of $381.95 and a two-hundred day simple moving average of $377.62. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.25. Everest Group, Ltd. has a 52 week low of $343.36 and a 52 week high of $417.92.

Everest Group (NYSE:EG) last announced its quarterly earnings results on Monday, April 29th. The company reported $16.32 earnings per share for the quarter, topping analysts’ consensus estimates of $15.98 by $0.34. Everest Group had a net margin of 18.69% and a return on equity of 24.86%. The company had revenue of $4.13 billion for the quarter, compared to analysts’ expectations of $4.05 billion. During the same period last year, the firm posted $11.31 earnings per share. The business’s quarterly revenue was up 25.8% compared to the same quarter last year. Equities research analysts anticipate that Everest Group, Ltd. will post 61.25 EPS for the current fiscal year.

Everest Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Wednesday, May 29th were issued a dividend of $2.00 per share. The ex-dividend date of this dividend was Wednesday, May 29th. This is a positive change from Everest Group’s previous quarterly dividend of $1.75. This represents a $8.00 annualized dividend and a yield of 2.09%. 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.