Blair William & Co. IL Has $1.73 Million Stock Position in Everest Group, Ltd. (NYSE:EG)

Blair William & Co. IL raised its position in shares of Everest Group, Ltd. (NYSE:EG) by 21.0% in the second quarter, according to its most recent filing with the SEC. The firm owned 4,551 shares of the company’s stock after purchasing an additional 789 shares during the quarter. Blair William & Co. IL’s holdings in Everest Group were worth $1,734,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC acquired a new position in shares of Everest Group in the 4th quarter valued at about $2,372,000. Corient Private Wealth LLC acquired a new position in Everest Group in the fourth quarter valued at approximately $7,139,000. Perpetual Ltd boosted its holdings in shares of Everest Group by 92.0% during the 1st quarter. Perpetual Ltd now owns 4,724 shares of the company’s stock worth $1,878,000 after buying an additional 2,264 shares in the last quarter. Diversified Trust Co acquired a new stake in shares of Everest Group during the 1st quarter worth approximately $1,621,000. Finally, Gilman Hill Asset Management LLC bought a new stake in shares of Everest Group in the 1st quarter valued at $2,600,000. Institutional investors own 92.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Keefe, Bruyette & Woods cut their target price on shares of Everest Group from $454.00 to $438.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Bank of America raised their target price on Everest Group from $470.00 to $493.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Barclays began coverage on Everest Group in a research note on Wednesday, September 4th. They set an “overweight” rating and a $527.00 price target on the stock. BMO Capital Markets reissued a “market perform” rating and issued a $403.00 price objective on shares of Everest Group in a research note on Friday, August 30th. Finally, Morgan Stanley lowered their target price on Everest Group from $450.00 to $445.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 10th. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Everest Group presently has an average rating of “Moderate Buy” and a consensus target price of $438.09.

Everest Group Stock Down 0.2 %

Shares of NYSE:EG opened at $386.75 on Tuesday. The business’s 50 day moving average is $381.51 and its 200 day moving average is $380.19. Everest Group, Ltd. has a 12-month low of $343.76 and a 12-month high of $417.92. The stock has a market cap of $16.81 billion, a price-to-earnings ratio of 5.75, a PEG ratio of 2.71 and a beta of 0.62. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.24.

Everest Group (NYSE:EG) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $16.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $16.97 by ($0.12). Everest Group had a return on equity of 24.09% and a net margin of 18.36%. The firm had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.32 billion. During the same period in the prior year, the firm earned $15.21 earnings per share. Everest Group’s revenue was up 15.8% compared to the same quarter last year. On average, sell-side analysts forecast that Everest Group, Ltd. will post 61.66 earnings per share for the current fiscal year.

Everest Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Monday, September 16th will be given a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend is Monday, September 16th. Everest Group’s payout ratio is 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.