Charles Schwab Investment Management Inc. Sells 2,965 Shares of Everest Group, Ltd. (NYSE:EG)

Charles Schwab Investment Management Inc. reduced its stake in Everest Group, Ltd. (NYSE:EG) by 0.8% during the 4th quarter, Holdings Channel reports. The fund owned 380,095 shares of the company’s stock after selling 2,965 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Everest Group were worth $137,769,000 as of its most recent filing with the Securities & Exchange Commission.

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

Everest Group Stock Performance

Shares of NYSE:EG opened at $363.88 on Friday. The company’s 50 day simple moving average is $352.36 and its 200 day simple moving average is $369.71. The stock has a market capitalization of $15.62 billion, a price-to-earnings ratio of 11.58, a price-to-earnings-growth ratio of 0.24 and a beta of 0.61. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.40 and a quick ratio of 0.40. 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 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 net margin of 7.95% and a return on equity of 9.04%. As a group, research analysts predict that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Everest Group Announces Dividend

The company also recently disclosed 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. 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 2.20%. Everest Group’s dividend payout ratio (DPR) is 25.47%.

Analysts Set New Price Targets

EG has been the topic of several research analyst reports. 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 report on Tuesday, February 4th. Keefe, Bruyette & Woods raised their target price on shares of Everest Group from $420.00 to $434.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. Morgan Stanley reaffirmed an “equal weight” rating and set a $340.00 target price (down from $425.00) on shares of Everest Group in a report on Wednesday, February 5th. BMO Capital Markets cut shares of Everest Group from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $453.00 to $375.00 in a report on Thursday, January 30th. Finally, Wells Fargo & Company lowered 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. Six investment 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.com, Everest Group currently has a consensus rating of “Hold” and a consensus price target of $416.50.

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.