Bayforest Capital Ltd Buys 125 Shares of Everest Group, Ltd. $EG

Bayforest Capital Ltd lifted its stake in shares of Everest Group, Ltd. (NYSE:EG) by 7.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,905 shares of the company’s stock after purchasing an additional 125 shares during the quarter. Bayforest Capital Ltd’s holdings in Everest Group were worth $647,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SVB Wealth LLC bought a new stake in shares of Everest Group during the 1st quarter valued at $30,000. Tsfg LLC bought a new position in Everest Group in the 1st quarter worth about $33,000. Zions Bancorporation National Association UT bought a new position in Everest Group in the 1st quarter worth about $34,000. Board of the Pension Protection Fund bought a new position in Everest Group in the 2nd quarter worth about $34,000. Finally, WPG Advisers LLC bought a new position in Everest Group in the 1st quarter worth about $37,000. 92.64% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on EG shares. Evercore ISI upped their target price on Everest Group from $380.00 to $384.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 1st. Raymond James Financial set a $375.00 target price on Everest Group and gave the stock an “outperform” rating in a research note on Monday, September 22nd. UBS Group decreased their target price on Everest Group from $372.00 to $370.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 9th. Wells Fargo & Company upped their target price on Everest Group from $371.00 to $383.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 8th. Finally, Janney Montgomery Scott assumed coverage on Everest Group in a research note on Friday, June 20th. They issued a “buy” rating and a $425.00 target price on the stock. Five investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $382.79.

Everest Group Price Performance

EG opened at $350.77 on Tuesday. The stock has a 50-day moving average price of $342.23 and a 200-day moving average price of $342.27. Everest Group, Ltd. has a 12-month low of $320.00 and a 12-month high of $401.82. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $14.71 billion, a P/E ratio of 18.62, a PEG ratio of 0.24 and a beta of 0.48.

Everest Group (NYSE:EG) last issued its earnings results on Wednesday, July 30th. The company reported $17.36 earnings per share for the quarter, beating the consensus estimate of $15.14 by $2.22. The company had revenue of $4.49 billion during the quarter, compared to analysts’ expectations of $4.22 billion. Everest Group had a return on equity of 5.89% and a net margin of 4.56%.Everest Group’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the business posted $16.85 EPS. Equities analysts predict that Everest Group, Ltd. will post 47.93 earnings per share for the current fiscal year.

Everest Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Wednesday, September 3rd were issued a dividend of $2.00 per share. The ex-dividend date was Wednesday, September 3rd. This represents a $8.00 annualized dividend and a yield of 2.3%. Everest Group’s dividend payout ratio is currently 42.46%.

Everest Group 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.