Sanctuary Advisors LLC Invests $466,000 in Everest Group, Ltd. (NYSE:EG)

Sanctuary Advisors LLC purchased a new position in Everest Group, Ltd. (NYSE:EG) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,277 shares of the company’s stock, valued at approximately $466,000.

Several other hedge funds also recently modified their holdings of EG. Vanguard Group Inc. bought a new stake in shares of Everest Group in the 4th quarter valued at $1,886,055,000. Boston Partners increased its stake in shares of Everest Group by 29.1% in the 1st quarter. Boston Partners now owns 1,197,457 shares of the company’s stock valued at $475,750,000 after acquiring an additional 269,665 shares in the last quarter. William Blair Investment Management LLC increased its stake in shares of Everest Group by 30.2% in the 2nd quarter. William Blair Investment Management LLC now owns 580,171 shares of the company’s stock valued at $221,057,000 after acquiring an additional 134,517 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in Everest Group during the 4th quarter valued at $44,434,000. Finally, Arnhold LLC bought a new stake in Everest Group during the 1st quarter valued at $19,896,000. Institutional investors own 92.64% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on EG. Wells Fargo & Company boosted their price target on shares of Everest Group from $393.00 to $406.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. TD Cowen decreased their price target on shares of Everest Group from $419.00 to $405.00 and set a “hold” rating for the company in a research note on Tuesday, August 13th. Jefferies Financial Group boosted their price target on shares of Everest Group from $440.00 to $457.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Bank of America decreased their price target on shares of Everest Group from $496.00 to $485.00 and set a “buy” rating for the company in a research note on Thursday, October 10th. Finally, Barclays began coverage on shares of Everest Group in a research note on Wednesday, September 4th. They set an “overweight” rating and a $527.00 price target for the company. Five equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $439.27.

Everest Group Price Performance

Shares of NYSE:EG opened at $385.73 on Thursday. The company has a market capitalization of $16.76 billion, a P/E ratio of 5.73, a price-to-earnings-growth ratio of 2.70 and a beta of 0.61. Everest Group, Ltd. has a fifty-two week low of $343.76 and a fifty-two week high of $417.92. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.38 and a current ratio of 0.38. The company’s 50-day moving average is $384.84 and its 200 day moving average is $380.51.

Everest Group (NYSE:EG) last released its quarterly earnings data on Wednesday, July 31st. The company reported $16.85 EPS for the quarter, missing the consensus estimate of $16.97 by ($0.12). The business had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.32 billion. Everest Group had a net margin of 18.36% and a return on equity of 24.09%. Everest Group’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same period last year, the company earned $15.21 earnings per share. On average, equities research analysts forecast that Everest Group, Ltd. will post 61.78 earnings per share for the current year.

Everest Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 16th were issued a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 2.07%. The ex-dividend date was Monday, September 16th. Everest Group’s dividend payout ratio (DPR) is presently 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.