Blue Trust Inc. Raises Stock Holdings in Everest Group, Ltd. (NYSE:EG)

Blue Trust Inc. increased its stake in shares of Everest Group, Ltd. (NYSE:EG) by 20.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 544 shares of the company’s stock after purchasing an additional 92 shares during the quarter. Blue Trust Inc.’s holdings in Everest Group were worth $213,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Bruce G. Allen Investments LLC lifted its position in Everest Group by 200.0% during the third quarter. Bruce G. Allen Investments LLC now owns 78 shares of the company’s stock worth $31,000 after buying an additional 52 shares during the period. Eastern Bank acquired a new position in shares of Everest Group during the 3rd quarter valued at about $35,000. Brooklyn Investment Group purchased a new position in shares of Everest Group during the 3rd quarter worth about $39,000. Private Trust Co. NA boosted its position in shares of Everest Group by 51.7% in the third quarter. Private Trust Co. NA now owns 132 shares of the company’s stock worth $52,000 after acquiring an additional 45 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Everest Group in the third quarter valued at approximately $64,000. Institutional investors and hedge funds own 92.64% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on EG shares. Keefe, Bruyette & Woods increased their price target on shares of Everest Group from $420.00 to $434.00 and gave the stock an “outperform” rating in a research note on Friday, January 10th. Jefferies Financial Group lowered Everest Group from a “buy” rating to a “hold” rating and increased their target price for the stock from $420.00 to $429.00 in a research report on Tuesday, November 26th. Wells Fargo & Company lowered their price target on Everest Group from $390.00 to $380.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Bank of America cut their price objective on Everest Group from $496.00 to $485.00 and set a “buy” rating on the stock in a report on Thursday, October 10th. Finally, BMO Capital Markets cut Everest Group from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $453.00 to $375.00 in a report on Thursday, January 30th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $422.56.

Insider Buying and Selling at Everest Group

In related news, COO James Allan Williamson sold 200 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $370.00, for a total transaction of $74,000.00. Following the sale, the chief operating officer now directly owns 15,009 shares of the company’s stock, valued at approximately $5,553,330. This represents a 1.32 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.20% of the stock is currently owned by corporate insiders.

Everest Group Trading Down 0.5 %

EG opened at $345.85 on Tuesday. The firm’s 50 day moving average is $364.45 and its 200-day moving average is $374.69. Everest Group, Ltd. has a 52-week low of $341.00 and a 52-week high of $407.30. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $14.86 billion, a P/E ratio of 5.41, a P/E/G ratio of 2.50 and a beta of 0.65.

Everest Group (NYSE:EG) last issued its quarterly earnings data on Monday, February 3rd. The company reported ($18.39) EPS for the quarter, missing analysts’ consensus estimates of $11.64 by ($30.03). Everest Group had a return on equity of 22.45% and a net margin of 16.99%. Analysts expect that Everest Group, Ltd. will post 36.3 EPS for the current fiscal year.

Everest Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th were issued a dividend of $2.00 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $8.00 annualized dividend and a yield of 2.31%. Everest Group’s dividend payout ratio is presently 12.52%.

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.