Andra AP fonden Has $9.68 Million Stock Position in Everest Group, Ltd. (NYSE:EG)

Andra AP fonden lessened its stake in shares of Everest Group, Ltd. (NYSE:EG) by 19.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,700 shares of the company’s stock after selling 6,400 shares during the period. Andra AP fonden’s holdings in Everest Group were worth $9,678,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Edgestream Partners L.P. lifted its stake in Everest Group by 280.4% in the fourth quarter. Edgestream Partners L.P. now owns 7,109 shares of the company’s stock valued at $2,577,000 after acquiring an additional 5,240 shares during the last quarter. Callan Family Office LLC bought a new stake in shares of Everest Group in the 4th quarter valued at about $251,000. Candriam S.C.A. lifted its stake in Everest Group by 42.2% in the 4th quarter. Candriam S.C.A. now owns 5,340 shares of the company’s stock valued at $1,936,000 after purchasing an additional 1,586 shares during the last quarter. Raymond James Financial Inc. bought a new position in Everest Group during the fourth quarter worth about $48,290,000. Finally, Arizona State Retirement System increased its position in Everest Group by 0.9% during the fourth quarter. Arizona State Retirement System now owns 12,569 shares of the company’s stock worth $4,556,000 after buying an additional 118 shares during the last quarter. 92.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EG has been the subject of a number of recent analyst reports. Jefferies Financial Group cut Everest Group from a “buy” rating to a “hold” rating and raised their price objective for the company from $420.00 to $429.00 in a research report on Tuesday, November 26th. Morgan Stanley reaffirmed an “equal weight” rating and set a $340.00 price target (down previously 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 reduced their price objective for the stock from $453.00 to $375.00 in a research report on Thursday, January 30th. Wells Fargo & Company dropped their price objective on shares of 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. Finally, Keefe, Bruyette & Woods lifted 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. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Everest Group currently has an average rating of “Hold” and a consensus price target of $416.50.

Everest Group Trading Up 0.1 %

Shares of Everest Group stock opened at $363.88 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.40 and a current ratio of 0.40. The firm has a 50-day moving average of $352.43 and a 200-day moving average of $369.55. Everest Group, Ltd. has a 52-week low of $327.37 and a 52-week high of $407.30. The stock has a market cap of $15.62 billion, a PE ratio of 11.58, a PEG ratio of 0.24 and a beta of 0.61.

Everest Group (NYSE:EG) last posted 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, sell-side analysts forecast that Everest Group, Ltd. will post 47.93 EPS for the current year.

Everest Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 17th will be given a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date is Monday, March 17th. Everest Group’s dividend payout ratio is currently 25.47%.

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.