Everest Group, Ltd. (NYSE:EG) Shares Sold by Leuthold Group LLC

Leuthold Group LLC lessened its position in Everest Group, Ltd. (NYSE:EG) by 0.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 18,571 shares of the company’s stock after selling 176 shares during the period. Leuthold Group LLC’s holdings in Everest Group were worth $7,076,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in EG. Vanguard Group Inc. purchased a new stake in Everest Group in the 4th quarter valued at approximately $1,886,055,000. Wellington Management Group LLP purchased a new position in shares of Everest Group during the 4th quarter worth about $751,457,000. Boston Partners grew its holdings in Everest Group by 29.1% in the first quarter. Boston Partners now owns 1,197,457 shares of the company’s stock valued at $475,750,000 after purchasing an additional 269,665 shares during the period. Champlain Investment Partners LLC increased its position in Everest Group by 5.3% during the first quarter. Champlain Investment Partners LLC now owns 906,100 shares of the company’s stock worth $360,175,000 after purchasing an additional 45,705 shares during the last quarter. Finally, William Blair Investment Management LLC raised its stake in Everest Group by 30.2% during the second quarter. William Blair Investment Management LLC now owns 580,171 shares of the company’s stock worth $221,057,000 after purchasing an additional 134,517 shares during the period. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on EG shares. Bank of America lifted their price target on shares of Everest Group from $470.00 to $493.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. TD Cowen cut their price objective on Everest Group from $419.00 to $405.00 and set a “hold” rating on the stock in a research report on Tuesday, August 13th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $403.00 target price on shares of Everest Group in a research report on Friday, August 30th. Barclays assumed coverage on Everest Group in a report on Wednesday, September 4th. They set an “overweight” rating and a $527.00 target price on the stock. Finally, Morgan Stanley decreased their price target on Everest Group from $450.00 to $445.00 and set an “overweight” rating for the company in a report on Wednesday, July 10th. Four analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $438.09.

Everest Group Stock Performance

Shares of EG opened at $388.66 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.38 and a quick ratio of 0.38. Everest Group, Ltd. has a 12-month low of $343.76 and a 12-month high of $417.92. The business’s fifty day moving average price is $381.42 and its 200 day moving average price is $379.69. The stock has a market capitalization of $16.89 billion, a PE ratio of 5.78, a price-to-earnings-growth ratio of 2.64 and a beta of 0.62.

Everest Group (NYSE:EG) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $16.85 EPS for the quarter, missing the consensus estimate of $16.97 by ($0.12). Everest Group had a net margin of 18.36% and a return on equity of 24.09%. The business had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.32 billion. During the same period last year, the firm posted $15.21 earnings per share. The company’s quarterly revenue was up 15.8% on a year-over-year basis. Equities research analysts forecast that Everest Group, Ltd. will post 61.66 EPS for the current year.

Everest Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Monday, September 16th will be paid a dividend of $2.00 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.06%. Everest Group’s dividend payout ratio is presently 11.89%.

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.