TCTC Holdings LLC Buys 200 Shares of Everest Group, Ltd. (NYSE:EG)

TCTC Holdings LLC raised its stake in Everest Group, Ltd. (NYSE:EG) by 0.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 61,195 shares of the company’s stock after buying an additional 200 shares during the period. TCTC Holdings LLC owned about 0.14% of Everest Group worth $22,181,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in EG. SBI Securities Co. Ltd. bought a new position in shares of Everest Group in the 4th quarter worth $31,000. Brooklyn Investment Group purchased a new stake in shares of Everest Group in the 3rd quarter valued at $39,000. Private Trust Co. NA boosted its stake in shares of Everest Group by 51.7% in the 3rd quarter. Private Trust Co. NA now owns 132 shares of the company’s stock valued at $52,000 after purchasing an additional 45 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Everest Group in the 3rd quarter valued at $64,000. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Everest Group by 43.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 211 shares of the company’s stock valued at $76,000 after purchasing an additional 64 shares in the last quarter. Institutional investors own 92.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on EG. Keefe, Bruyette & Woods upped their price objective on shares of Everest Group from $420.00 to $434.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $340.00 price objective (down previously from $425.00) on shares of Everest Group in a research note on Wednesday, February 5th. BMO Capital Markets cut shares of Everest Group from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $453.00 to $375.00 in a research note on Thursday, January 30th. TD Cowen dropped their price target on shares of Everest Group from $444.00 to $419.00 and set a “hold” rating for the company in a research report on Monday, November 18th. Finally, Barclays increased their price target on shares of Everest Group from $461.00 to $470.00 and gave the company an “overweight” rating in a research report on Tuesday, February 4th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $416.50.

Everest Group Trading Up 2.8 %

Shares of EG opened at $359.35 on Monday. The firm has a fifty day simple moving average of $351.55 and a two-hundred day simple moving average of $368.29. The stock has a market capitalization of $15.43 billion, a P/E ratio of 11.44, a PEG ratio of 0.24 and a beta of 0.61. 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, Ltd. has a twelve month low of $327.37 and a twelve month high of $407.30.

Everest Group (NYSE:EG) last announced its 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, research analysts anticipate that Everest Group, Ltd. will post 47.93 EPS for the current year.

Everest Group Announces Dividend

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