Waterway Wealth Management LLC Increases Holdings in Everest Group, Ltd. (NYSE:EG)

Waterway Wealth Management LLC boosted its position in Everest Group, Ltd. (NYSE:EG) by 41.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,062 shares of the company’s stock after buying an additional 310 shares during the quarter. Waterway Wealth Management LLC’s holdings in Everest Group were worth $385,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of EG. Private Trust Co. NA lifted its stake in Everest Group by 48.5% in the fourth quarter. Private Trust Co. NA now owns 196 shares of the company’s stock worth $71,000 after purchasing an additional 64 shares during the last quarter. Anchor Capital Advisors LLC increased its holdings in shares of Everest Group by 2.6% in the fourth quarter. Anchor Capital Advisors LLC now owns 6,208 shares of the company’s stock worth $2,250,000 after buying an additional 155 shares during the period. Peloton Wealth Strategists lifted its stake in shares of Everest Group by 39.6% in the 4th quarter. Peloton Wealth Strategists now owns 1,480 shares of the company’s stock valued at $536,000 after acquiring an additional 420 shares during the last quarter. QRG Capital Management Inc. boosted its holdings in Everest Group by 0.4% during the 4th quarter. QRG Capital Management Inc. now owns 38,715 shares of the company’s stock valued at $14,033,000 after acquiring an additional 150 shares during the period. Finally, Proficio Capital Partners LLC bought a new position in Everest Group during the 4th quarter worth approximately $10,247,000. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Everest Group Trading Up 1.3 %

NYSE:EG opened at $348.15 on Friday. The company has a 50-day moving average price of $352.65 and a 200-day moving average price of $370.08. The stock has a market cap of $14.96 billion, a price-to-earnings ratio of 11.08, a P/E/G ratio of 0.24 and a beta of 0.65. 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 12 month low of $327.37 and a 12 month high of $407.30.

Everest Group (NYSE:EG) last issued its quarterly earnings data on Monday, February 3rd. The company reported ($18.39) EPS for the quarter, missing the consensus estimate of $11.64 by ($30.03). Everest Group had a return on equity of 9.04% and a net margin of 7.95%. Equities analysts predict that Everest Group, Ltd. will post 47.93 EPS for the current year.

Everest Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 17th will be paid a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 2.30%. Everest Group’s payout ratio is 25.47%.

Analysts Set New Price Targets

Several brokerages have weighed in on EG. TD Cowen lowered their price objective on Everest Group from $444.00 to $419.00 and set a “hold” rating for the company in a research report on Monday, November 18th. Barclays upped their price target on shares of Everest Group from $461.00 to $470.00 and gave the company an “overweight” rating in a report on Tuesday, February 4th. Wells Fargo & Company dropped their price target on shares of Everest Group from $390.00 to $380.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. BMO Capital Markets cut shares of Everest Group from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $453.00 to $375.00 in a research report on Thursday, January 30th. Finally, Jefferies Financial Group cut Everest Group from a “buy” rating to a “hold” rating and raised their target price for the stock from $420.00 to $429.00 in a research note on Tuesday, November 26th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Everest Group presently has a consensus rating of “Hold” and a consensus target price of $416.50.

Everest Group Company 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.