Cozad Asset Management Inc. Has $230,000 Stock Position in Everest Group, Ltd. (NYSE:EG)

Cozad Asset Management Inc. lowered its holdings in shares of Everest Group, Ltd. (NYSE:EG) by 28.2% in the 4th quarter, HoldingsChannel reports. The firm owned 635 shares of the company’s stock after selling 250 shares during the period. Cozad Asset Management Inc.’s holdings in Everest Group were worth $230,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new stake in Everest Group in the fourth quarter valued at approximately $31,000. Brooklyn Investment Group acquired a new stake in Everest Group in the third quarter valued at approximately $39,000. Private Trust Co. NA grew its stake in Everest Group by 51.7% in the third 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 acquired a new stake in Everest Group in the third quarter valued at approximately $64,000. Finally, EverSource Wealth Advisors LLC grew its stake in Everest Group by 43.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 211 shares of the company’s stock valued at $76,000 after acquiring an additional 64 shares during the period. Institutional investors and hedge funds own 92.64% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Morgan Stanley reissued an “equal weight” rating and issued a $340.00 price objective (down previously from $425.00) on shares of Everest Group in a research note on Wednesday, February 5th. BMO Capital Markets cut Everest Group from an “outperform” rating to a “market perform” rating and cut their target price for the company from $453.00 to $375.00 in a research report on Thursday, January 30th. Keefe, Bruyette & Woods lifted their target price on Everest Group from $420.00 to $434.00 and gave the company an “outperform” rating in a research report on Friday, January 10th. Wells Fargo & Company cut their target price 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. Finally, Barclays lifted their target price on Everest Group from $461.00 to $470.00 and gave the company an “overweight” rating in a research report on Tuesday, February 4th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $416.50.

Everest Group Stock Performance

Shares of Everest Group stock opened at $359.54 on Wednesday. The business’s fifty day simple moving average is $351.40 and its 200 day simple moving average is $367.89. The firm has a market capitalization of $15.44 billion, a P/E ratio of 11.45, a price-to-earnings-growth ratio of 0.24 and a beta of 0.61. Everest Group, Ltd. has a 12 month low of $327.37 and a 12 month high of $407.30. 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 (NYSE:EG) last issued its quarterly earnings results on Monday, February 3rd. The company reported ($18.39) 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%. As a group, analysts anticipate that Everest Group, Ltd. will post 47.93 EPS for the current year.

Everest Group Announces Dividend

The company 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 $2.00 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $8.00 annualized dividend and a dividend yield of 2.23%. Everest Group’s 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.