Vontobel Holding Ltd. Has $703,000 Stock Position in Everest Group, Ltd. (NYSE:EG)

Vontobel Holding Ltd. lessened its stake in Everest Group, Ltd. (NYSE:EG) by 6.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,795 shares of the company’s stock after selling 127 shares during the quarter. Vontobel Holding Ltd.’s holdings in Everest Group were worth $703,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. American National Bank acquired a new stake in shares of Everest Group during the second quarter valued at about $27,000. M&R Capital Management Inc. acquired a new position in shares of Everest Group in the third quarter worth approximately $29,000. Bruce G. Allen Investments LLC lifted its stake in shares of Everest Group by 200.0% in the third quarter. Bruce G. Allen Investments LLC now owns 78 shares of the company’s stock worth $31,000 after acquiring an additional 52 shares during the period. Massmutual Trust Co. FSB ADV acquired a new position in shares of Everest Group in the first quarter worth approximately $33,000. Finally, American National Bank & Trust lifted its stake in shares of Everest Group by 80.0% in the third quarter. American National Bank & Trust now owns 126 shares of the company’s stock worth $49,000 after acquiring an additional 56 shares during the period. Institutional investors and hedge funds own 92.64% of the company’s stock.

Everest Group Stock Down 0.5 %

Everest Group stock opened at $384.23 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.38 and a quick ratio of 0.38. The stock has a market capitalization of $16.54 billion, a price-to-earnings ratio of 5.67, a PEG ratio of 2.77 and a beta of 0.61. Everest Group, Ltd. has a 1-year low of $343.76 and a 1-year high of $417.92. The business has a fifty day moving average price of $385.67 and a 200-day moving average price of $380.37.

Everest Group (NYSE:EG) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $16.85 earnings per share for the quarter, missing analysts’ consensus estimates of $16.97 by ($0.12). The business had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.32 billion. Everest Group had a return on equity of 24.09% and a net margin of 18.36%. The firm’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same period in the previous year, the business earned $15.21 EPS. Equities research analysts forecast that Everest Group, Ltd. will post 61.79 EPS for the current fiscal year.

Everest Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 16th were paid a $2.00 dividend. The ex-dividend date was Monday, September 16th. This represents a $8.00 dividend on an annualized basis and a yield of 2.08%. Everest Group’s dividend payout ratio (DPR) is 11.81%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. UBS Group upgraded Everest Group to a “hold” rating in a report on Wednesday, October 9th. Keefe, Bruyette & Woods decreased their price target on Everest Group from $454.00 to $438.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Morgan Stanley cut their price objective 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. BMO Capital Markets reaffirmed a “market perform” rating and set a $403.00 price target on shares of Everest Group in a research report on Friday, August 30th. Finally, Bank of America decreased their target price on Everest Group from $496.00 to $485.00 and set a “buy” rating on the stock in a research note on Thursday, October 10th. Five research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $439.27.

Everest Group 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.