B. Riley Wealth Advisors Inc. Purchases Shares of 2,040 Everest Group, Ltd. (NYSE:EG)

B. Riley Wealth Advisors Inc. purchased a new stake in Everest Group, Ltd. (NYSE:EG) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 2,040 shares of the company’s stock, valued at approximately $721,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. acquired a new stake in shares of Everest Group in the 4th quarter valued at $1,866,000. Red Door Wealth Management LLC acquired a new stake in shares of Everest Group in the 4th quarter valued at $237,000. Uncommon Cents Investing LLC acquired a new stake in shares of Everest Group in the 4th quarter valued at $1,016,000. Traynor Capital Management Inc. acquired a new stake in shares of Everest Group in the 4th quarter valued at $466,000. Finally, Global Retirement Partners LLC acquired a new stake in shares of Everest Group in the 4th quarter valued at $102,000. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Wall Street Analyst Weigh In

EG has been the topic of a number of analyst reports. Keefe, Bruyette & Woods raised their price objective on shares of Everest Group from $445.00 to $457.00 and gave the company an “outperform” rating in a report on Wednesday, April 10th. Wells Fargo & Company cut their price target on shares of Everest Group from $402.00 to $397.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 11th. Finally, Morgan Stanley cut their price target on shares of Everest Group from $466.00 to $450.00 and set an “overweight” rating on the stock in a research note on Monday, April 15th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $432.11.

Everest Group Trading Down 0.8 %

NYSE EG opened at $377.19 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.38 and a current ratio of 0.38. The firm has a market cap of $16.39 billion, a PE ratio of 5.61, a P/E/G ratio of 3.31 and a beta of 0.62. Everest Group, Ltd. has a one year low of $331.08 and a one year high of $417.92. The firm’s fifty day moving average is $377.88 and its two-hundred day moving average is $375.35.

Everest Group (NYSE:EG) last posted its quarterly earnings data on Monday, April 29th. The company reported $16.32 EPS for the quarter, beating analysts’ consensus estimates of $15.98 by $0.34. The company had revenue of $4.13 billion for the quarter, compared to analyst estimates of $4.05 billion. Everest Group had a net margin of 18.69% and a return on equity of 24.86%. Everest Group’s quarterly revenue was up 25.8% on a year-over-year basis. During the same period in the previous year, the business posted $11.31 earnings per share. Analysts expect that Everest Group, Ltd. will post 61.65 earnings per share for the current year.

Everest Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Wednesday, May 29th were paid a $2.00 dividend. The ex-dividend date of this dividend was Wednesday, May 29th. This is a positive change from Everest Group’s previous quarterly dividend of $1.75. This represents a $8.00 dividend on an annualized basis and a yield of 2.12%. Everest Group’s payout ratio is currently 11.89%.

Everest Group Company 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.