Yousif Capital Management LLC Sells 31 Shares of Everest Group, Ltd. $EG

Yousif Capital Management LLC cut its stake in Everest Group, Ltd. (NYSE:EG) by 0.6% in the second quarter, Holdings Channel reports. The institutional investor owned 5,358 shares of the company’s stock after selling 31 shares during the period. Yousif Capital Management LLC’s holdings in Everest Group were worth $1,821,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of EG. Sowell Financial Services LLC bought a new stake in Everest Group in the first quarter worth $231,000. State of Alaska Department of Revenue lifted its position in Everest Group by 1.9% in the first quarter. State of Alaska Department of Revenue now owns 6,924 shares of the company’s stock worth $2,515,000 after buying an additional 130 shares during the last quarter. Blue Trust Inc. lifted its position in Everest Group by 54.6% in the first quarter. Blue Trust Inc. now owns 541 shares of the company’s stock worth $197,000 after buying an additional 191 shares during the last quarter. Flagship Harbor Advisors LLC lifted its position in Everest Group by 3.7% in the first quarter. Flagship Harbor Advisors LLC now owns 843 shares of the company’s stock worth $306,000 after buying an additional 30 shares during the last quarter. Finally, Continuum Advisory LLC lifted its position in Everest Group by 4.6% in the first quarter. Continuum Advisory LLC now owns 10,398 shares of the company’s stock worth $3,778,000 after buying an additional 453 shares during the last quarter. 92.64% of the stock is currently owned by institutional investors.

Everest Group Stock Performance

EG stock opened at $349.46 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.38 and a quick ratio of 0.38. The business has a 50-day moving average price of $343.85 and a 200 day moving average price of $341.84. The company has a market capitalization of $14.66 billion, a P/E ratio of 18.55, a PEG ratio of 0.24 and a beta of 0.48. Everest Group, Ltd. has a 1-year low of $320.00 and a 1-year high of $392.78.

Everest Group (NYSE:EG) last released its quarterly earnings data 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 firm had revenue of $4.49 billion during the quarter, compared to the consensus estimate of $4.22 billion. Everest Group had a return on equity of 5.89% and a net margin of 4.56%.The firm’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the company posted $16.85 earnings per share. As a group, equities research analysts forecast that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Everest Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on EG. Wells Fargo & Company raised their price target on Everest Group from $371.00 to $383.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 8th. Wolfe Research upgraded Everest Group to a “strong sell” rating in a research report on Tuesday, September 16th. Barclays lifted their target price on Everest Group from $405.00 to $430.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods lifted their target price on Everest Group from $405.00 to $416.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 6th. Finally, Evercore ISI lifted their target price on Everest Group from $380.00 to $384.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 1st. Five research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Everest Group currently has an average rating of “Hold” and an average price target of $382.79.

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.