Johnson Investment Counsel Inc. Buys 8,984 Shares of Everest Group, Ltd. (NYSE:EG)

Johnson Investment Counsel Inc. grew its position in Everest Group, Ltd. (NYSE:EG) by 5.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 186,327 shares of the company’s stock after purchasing an additional 8,984 shares during the period. Johnson Investment Counsel Inc. owned about 0.43% of Everest Group worth $67,536,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Mizuho Securities USA LLC raised its position in Everest Group by 12,263.1% in the 3rd quarter. Mizuho Securities USA LLC now owns 415,400 shares of the company’s stock valued at $162,766,000 after purchasing an additional 412,040 shares during the last quarter. World Investment Advisors LLC acquired a new stake in shares of Everest Group in the third quarter valued at $120,564,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Everest Group by 442.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 308,155 shares of the company’s stock valued at $120,744,000 after buying an additional 251,337 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Everest Group during the 4th quarter worth about $48,290,000. Finally, Truist Financial Corp lifted its position in Everest Group by 7,580.7% during the 4th quarter. Truist Financial Corp now owns 92,936 shares of the company’s stock worth $33,686,000 after buying an additional 91,726 shares in the last quarter. Institutional investors own 92.64% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Wells Fargo & Company dropped their target price on shares of Everest Group from $390.00 to $380.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. Morgan Stanley restated an “equal weight” rating and issued a $340.00 price objective (down previously from $425.00) on shares of Everest Group in a research report on Wednesday, February 5th. Jefferies Financial Group lowered Everest Group from a “buy” rating to a “hold” rating and increased their price objective for the company from $420.00 to $429.00 in a research report on Tuesday, November 26th. BMO Capital Markets cut Everest Group from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $453.00 to $375.00 in a research note on Thursday, January 30th. Finally, TD Cowen cut their price target on Everest Group from $444.00 to $419.00 and set a “hold” rating on the stock in a research note on Monday, November 18th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $416.50.

Everest Group Trading Up 0.1 %

NYSE:EG opened at $363.88 on Monday. 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, Ltd. has a 1-year low of $327.37 and a 1-year high of $407.30. The firm has a market capitalization of $15.62 billion, a price-to-earnings ratio of 11.58, a PEG ratio of 0.24 and a beta of 0.61. The business’s 50-day moving average price is $352.43 and its two-hundred day moving average price is $369.48.

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

Everest Group Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Monday, March 17th. This represents a $8.00 annualized dividend and a yield of 2.20%. Everest Group’s dividend payout ratio (DPR) is presently 25.47%.

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.