EverSource Wealth Advisors LLC Purchases 64 Shares of Everest Group, Ltd. (NYSE:EG)

EverSource Wealth Advisors LLC raised its position in shares of Everest Group, Ltd. (NYSE:EG) by 43.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 211 shares of the company’s stock after acquiring an additional 64 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Everest Group were worth $76,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. SBI Securities Co. Ltd. bought a new stake in Everest Group during the 4th quarter valued at approximately $31,000. Brooklyn Investment Group bought a new stake in shares of Everest Group in the 3rd quarter worth approximately $39,000. Private Trust Co. NA boosted its position 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 worth $52,000 after purchasing an additional 45 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Everest Group in the 3rd quarter worth approximately $64,000. Finally, Avior Wealth Management LLC boosted its position in shares of Everest Group by 22.4% in the 4th quarter. Avior Wealth Management LLC now owns 257 shares of the company’s stock worth $93,000 after purchasing an additional 47 shares in the last quarter. 92.64% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

EG has been the topic of a number of analyst reports. Morgan Stanley reissued an “equal weight” rating and issued a $340.00 price target (down from $425.00) on shares of Everest Group in a research report on Wednesday, February 5th. Wells Fargo & Company dropped their price target on Everest Group from $390.00 to $380.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. Keefe, Bruyette & Woods boosted their price target on Everest Group from $420.00 to $434.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. Barclays boosted their price target on Everest Group from $461.00 to $470.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 4th. Finally, Jefferies Financial Group cut 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 report on Tuesday, November 26th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $416.50.

Everest Group Price Performance

Shares of EG opened at $359.54 on Wednesday. The firm has a market cap of $15.44 billion, a PE ratio of 11.45, a P/E/G ratio of 0.24 and a beta of 0.61. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.26. The firm has a fifty day simple moving average of $351.40 and a two-hundred day simple moving average of $367.89. Everest Group, Ltd. has a 1-year low of $327.37 and a 1-year 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, equities 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. Shareholders of record on Monday, March 17th will be paid a dividend of $2.00 per share. The ex-dividend date of this dividend 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 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.