Everest Group, Ltd. $EG Stock: Robeco Institutional Asset Management B.V. Raises Holdings

Robeco Institutional Asset Management B.V. boosted its holdings in Everest Group, Ltd. (NYSE:EG) by 18.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 158,977 shares of the company’s stock after purchasing an additional 24,794 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Everest Group were worth $58,054,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of EG. Bank of America Corp DE purchased a new stake in Everest Group during the 2nd quarter worth about $108,102,000. William Blair Investment Management LLC acquired a new position in shares of Everest Group during the 2nd quarter worth about $171,426,000. The Manufacturers Life Insurance Company acquired a new position in shares of Everest Group during the 2nd quarter worth about $9,122,000. Polianta Ltd acquired a new position in shares of Everest Group during the 2nd quarter worth about $2,000,000. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Everest Group in the 2nd quarter valued at about $5,351,000. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Everest Group Stock Performance

Shares of EG opened at $407.30 on Friday. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.23. The firm has a market cap of $15.62 billion, a PE ratio of 8.61, a price-to-earnings-growth ratio of 0.59 and a beta of 0.26. The company’s 50 day simple moving average is $375.17 and its 200-day simple moving average is $361.30. Everest Group, Ltd. has a 12-month low of $302.44 and a 12-month high of $408.11.

Everest Group (NYSE:EG) last announced its earnings results on Tuesday, June 30th. The company reported $14.85 EPS for the quarter. Everest Group had a net margin of 11.41% and a return on equity of 13.63%. The business had revenue of $3.96 billion for the quarter. As a group, equities analysts predict that Everest Group, Ltd. will post 53.69 EPS for the current year.

Everest Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Wednesday, September 9th were paid a $2.00 dividend. The ex-dividend date was Wednesday, September 9th. This represents a $8.00 dividend on an annualized basis and a yield of 2.0%. Everest Group’s payout ratio is currently 16.92%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on EG. Citigroup raised their target price on Everest Group from $395.00 to $415.00 and gave the stock a “neutral” rating in a research report on Friday, July 31st. Cantor Fitzgerald upped their price target on Everest Group from $344.00 to $390.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Royal Bank Of Canada began coverage on Everest Group in a report on Tuesday, September 22nd. They issued an “outperform” rating and a $455.00 price target for the company. Mizuho dropped their price target on shares of Everest Group from $416.00 to $398.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 7th. Finally, Evercore set a $377.00 price objective on shares of Everest Group in a report on Thursday, July 30th. Six equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $407.94.

Everest Group Profile

Everest Group, Ltd. is a global insurance and reinsurance company that provides property and casualty coverage to businesses, institutions, and other insurers. Its operations focus on assuming and managing risks through reinsurance, as well as offering insurance products in selected specialty and commercial markets.

The company’s reinsurance business supports insurers across lines such as property, casualty, specialty, and other risks. Through its insurance platform, Everest provides coverage for commercial customers and specialty exposures, including property, casualty, professional liability, and other products that may vary by market.