Amalgamated Bank Lowers Holdings in Everest Group, Ltd. (NYSE:EG)

Amalgamated Bank trimmed its position in shares of Everest Group, Ltd. (NYSE:EG) by 4.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 8,393 shares of the company’s stock after selling 430 shares during the period. Amalgamated Bank’s holdings in Everest Group were worth $3,042,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of EG. Dakota Wealth Management grew its holdings in shares of Everest Group by 1.7% during the fourth quarter. Dakota Wealth Management now owns 1,945 shares of the company’s stock valued at $705,000 after buying an additional 32 shares during the last quarter. Wilmington Savings Fund Society FSB boosted its stake in Everest Group by 19.6% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 195 shares of the company’s stock valued at $71,000 after purchasing an additional 32 shares during the last quarter. Steph & Co. increased its holdings in shares of Everest Group by 10.6% in the 4th quarter. Steph & Co. now owns 366 shares of the company’s stock worth $133,000 after purchasing an additional 35 shares in the last quarter. Lester Murray Antman dba SimplyRich increased its holdings in shares of Everest Group by 2.7% in the 4th quarter. Lester Murray Antman dba SimplyRich now owns 1,328 shares of the company’s stock worth $481,000 after purchasing an additional 35 shares in the last quarter. Finally, Foundations Investment Advisors LLC raised its stake in shares of Everest Group by 5.9% in the fourth quarter. Foundations Investment Advisors LLC now owns 661 shares of the company’s stock worth $239,000 after purchasing an additional 37 shares during the last quarter. 92.64% of the stock is currently owned by institutional investors.

Everest Group Stock Performance

NYSE:EG opened at $353.45 on Friday. The stock has a 50-day simple moving average of $352.59 and a two-hundred day simple moving average of $370.07. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.40 and a current ratio of 0.40. Everest Group, Ltd. has a 52-week low of $327.37 and a 52-week high of $407.30. The firm has a market capitalization of $15.19 billion, a PE ratio of 11.25, a P/E/G ratio of 0.24 and a beta of 0.65.

Everest Group (NYSE:EG) last announced its quarterly earnings data on Monday, February 3rd. The company reported ($18.39) earnings per share (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%. Analysts forecast that Everest Group, Ltd. will post 47.93 EPS for the current year.

Everest Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 17th will be issued a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date is Monday, March 17th. Everest Group’s dividend payout ratio (DPR) is currently 25.47%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Keefe, Bruyette & Woods increased their price objective on Everest Group from $420.00 to $434.00 and gave the company an “outperform” rating in a research report on Friday, January 10th. Morgan Stanley reiterated an “equal weight” rating and issued a $340.00 price target (down from $425.00) on shares of Everest Group in a research note on Wednesday, February 5th. TD Cowen lowered their price objective on shares of Everest Group from $444.00 to $419.00 and set a “hold” rating on the stock in a research report on Monday, November 18th. Wells Fargo & Company dropped their target price on shares of Everest Group from $390.00 to $380.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Finally, Jefferies Financial Group lowered shares of Everest Group from a “buy” rating to a “hold” rating and boosted their target price for the company from $420.00 to $429.00 in a research note on Tuesday, November 26th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average 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.