Everest Group, Ltd. $EG Stock Position Lessened by RFG Advisory LLC

RFG Advisory LLC decreased its holdings in Everest Group, Ltd. (NYSE:EG) by 4.1% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 727 shares of the company’s stock after selling 31 shares during the quarter. RFG Advisory LLC’s holdings in Everest Group were worth $247,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Everest Group by 0.3% in the first quarter. Vanguard Group Inc. now owns 5,577,376 shares of the company’s stock worth $2,026,428,000 after purchasing an additional 17,346 shares in the last quarter. Vulcan Value Partners LLC grew its stake in shares of Everest Group by 35.8% in the first quarter. Vulcan Value Partners LLC now owns 1,328,732 shares of the company’s stock worth $482,832,000 after purchasing an additional 350,019 shares in the last quarter. Boston Partners grew its stake in shares of Everest Group by 3.3% in the first quarter. Boston Partners now owns 696,765 shares of the company’s stock worth $253,150,000 after purchasing an additional 22,432 shares in the last quarter. Altrinsic Global Advisors LLC grew its stake in shares of Everest Group by 10.7% in the first quarter. Altrinsic Global Advisors LLC now owns 682,979 shares of the company’s stock worth $248,147,000 after purchasing an additional 66,041 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of Everest Group by 11.4% in the first quarter. Massachusetts Financial Services Co. MA now owns 552,972 shares of the company’s stock worth $200,911,000 after purchasing an additional 56,410 shares in the last quarter. Institutional investors own 92.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on EG shares. Raymond James Financial set a $375.00 price objective on Everest Group and gave the company an “outperform” rating in a report on Monday, September 22nd. Cowen restated a “hold” rating on shares of Everest Group in a report on Tuesday, October 7th. Weiss Ratings restated a “hold (c)” rating on shares of Everest Group in a report on Wednesday, October 8th. Wolfe Research upgraded Everest Group to a “strong sell” rating in a report on Tuesday, September 16th. Finally, Barclays upped their price objective on Everest Group from $405.00 to $430.00 and gave the company an “overweight” rating in a report on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $382.79.

Everest Group Trading Up 2.5%

Shares of NYSE EG opened at $349.46 on Monday. Everest Group, Ltd. has a 12 month low of $320.00 and a 12 month high of $392.78. The company has a market cap of $14.66 billion, a price-to-earnings ratio of 18.55, a P/E/G ratio of 0.24 and a beta of 0.48. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.24. The business has a fifty day simple moving average of $343.85 and a 200-day simple moving average of $341.84.

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

Everest Group Announces Dividend

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

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.