Candriam S.C.A. Purchases 1,586 Shares of Everest Group, Ltd. (NYSE:EG)

Candriam S.C.A. grew its position in shares of Everest Group, Ltd. (NYSE:EG) by 42.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,340 shares of the company’s stock after buying an additional 1,586 shares during the quarter. Candriam S.C.A.’s holdings in Everest Group were worth $1,936,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its position in shares of Everest Group by 5.5% during the third quarter. Principal Financial Group Inc. now owns 53,892 shares of the company’s stock worth $21,117,000 after purchasing an additional 2,818 shares in the last quarter. CWA Asset Management Group LLC acquired a new position in shares of Everest Group during the third quarter worth approximately $340,000. Verdence Capital Advisors LLC acquired a new position in shares of Everest Group during the third quarter worth approximately $389,000. Mesirow Financial Investment Management Inc. acquired a new position in shares of Everest Group during the third quarter worth approximately $262,000. Finally, Covestor Ltd lifted its position in shares of Everest Group by 9.0% during the third quarter. Covestor Ltd now owns 520 shares of the company’s stock worth $204,000 after purchasing an additional 43 shares in the last quarter. 92.64% of the stock is owned by institutional investors.

Everest Group Trading Up 0.1 %

EG opened at $363.88 on Monday. The firm’s fifty day moving average is $352.43 and its two-hundred day moving average is $369.48. 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 market cap of $15.62 billion, a PE ratio of 11.58, a price-to-earnings-growth ratio of 0.24 and a beta of 0.61. Everest Group, Ltd. has a twelve month low of $327.37 and a twelve month high of $407.30.

Everest Group (NYSE:EG) last posted its earnings results on Monday, February 3rd. The company reported ($18.39) earnings per share 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 research 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 issued a $2.00 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $8.00 annualized dividend and a yield of 2.20%. Everest Group’s dividend payout ratio (DPR) is presently 25.47%.

Analyst Ratings Changes

EG has been the topic of a number of research reports. Morgan Stanley reiterated an “equal weight” rating and set a $340.00 target price (down from $425.00) on shares of Everest Group in a research report on Wednesday, February 5th. TD Cowen cut their price objective on shares of Everest Group from $444.00 to $419.00 and set a “hold” rating on the stock in a report on Monday, November 18th. Jefferies Financial Group lowered shares of Everest Group from a “buy” rating to a “hold” rating and increased their price objective for the company from $420.00 to $429.00 in a report on Tuesday, November 26th. Wells Fargo & Company cut 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 report on Tuesday, January 14th. Finally, BMO Capital Markets lowered shares of Everest Group from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $453.00 to $375.00 in a report on Thursday, January 30th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Everest Group 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.