Securian Asset Management Inc. Reduces Position in Everest Group, Ltd. (NYSE:EG)

Securian Asset Management Inc. lessened its holdings in shares of Everest Group, Ltd. (NYSE:EG) by 4.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,286 shares of the company’s stock after selling 100 shares during the quarter. Securian Asset Management Inc.’s holdings in Everest Group were worth $829,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of EG. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Everest Group by 7.7% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 116,752 shares of the company’s stock worth $45,747,000 after acquiring an additional 8,345 shares during the last quarter. Oppenheimer & Co. Inc. lifted its stake in shares of Everest Group by 1.2% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 6,257 shares of the company’s stock valued at $2,452,000 after buying an additional 76 shares in the last quarter. OneDigital Investment Advisors LLC lifted its stake in shares of Everest Group by 4.7% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 12,708 shares of the company’s stock valued at $4,979,000 after buying an additional 574 shares in the last quarter. CIBC Asset Management Inc lifted its stake in shares of Everest Group by 7.9% during the 3rd quarter. CIBC Asset Management Inc now owns 6,309 shares of the company’s stock valued at $2,472,000 after buying an additional 460 shares in the last quarter. Finally, Empowered Funds LLC lifted its stake in shares of Everest Group by 290.5% during the 3rd quarter. Empowered Funds LLC now owns 9,622 shares of the company’s stock valued at $3,770,000 after buying an additional 7,158 shares in the last quarter. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Everest Group Stock Performance

Shares of NYSE:EG opened at $359.35 on Friday. The company has a market capitalization of $15.43 billion, a price-to-earnings ratio of 11.44, a PEG ratio of 0.24 and a beta of 0.61. Everest Group, Ltd. has a 12 month low of $327.37 and a 12 month high of $407.30. The firm’s 50-day moving average is $351.55 and its 200 day moving average is $368.44. 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 (NYSE:EG) last issued its earnings results 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%. Research analysts predict that Everest Group, Ltd. will post 47.93 EPS for the current year.

Everest Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 17th will be paid a $2.00 dividend. The ex-dividend date is Monday, March 17th. This represents a $8.00 dividend on an annualized basis and a yield of 2.23%. Everest Group’s dividend payout ratio is currently 25.47%.

Analyst Ratings Changes

Several brokerages have commented on EG. Wells Fargo & Company decreased their price target on shares of Everest Group from $390.00 to $380.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. Morgan Stanley reiterated an “equal weight” rating and issued a $340.00 price target (down previously from $425.00) on shares of Everest Group in a research note on Wednesday, February 5th. Keefe, Bruyette & Woods boosted their price target on shares of Everest Group from $420.00 to $434.00 and gave the stock an “outperform” rating in a research note on Friday, January 10th. Jefferies Financial Group cut shares of Everest Group from a “buy” rating to a “hold” rating and boosted their price target for the stock from $420.00 to $429.00 in a research note on Tuesday, November 26th. Finally, TD Cowen decreased their price target on shares of 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 research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Everest Group presently has a consensus rating of “Hold” and a consensus price target of $416.50.

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.