Proficio Capital Partners LLC Makes New Investment in Everest Group, Ltd. (NYSE:EG)

Proficio Capital Partners LLC purchased a new position in Everest Group, Ltd. (NYSE:EG) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 28,272 shares of the company’s stock, valued at approximately $10,247,000. Proficio Capital Partners LLC owned approximately 0.07% of Everest Group at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of EG. SBI Securities Co. Ltd. purchased a new position in Everest Group in the 4th quarter worth approximately $31,000. Brooklyn Investment Group purchased a new stake in shares of Everest Group in the 3rd quarter valued at $39,000. Private Trust Co. NA boosted its stake in shares of Everest Group by 51.7% in the 3rd quarter. Private Trust Co. NA now owns 132 shares of the company’s stock valued at $52,000 after purchasing an additional 45 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Everest Group in the 3rd quarter valued at $64,000. Finally, Avior Wealth Management LLC boosted its stake in shares of Everest Group by 22.4% in the 4th quarter. Avior Wealth Management LLC now owns 257 shares of the company’s stock valued at $93,000 after purchasing an additional 47 shares in the last quarter. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Everest Group Stock Up 2.8 %

Shares of NYSE EG opened at $359.35 on Friday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.26. Everest Group, Ltd. has a 12 month low of $327.37 and a 12 month high of $407.30. The firm has a market capitalization of $15.43 billion, a PE ratio of 11.44, a price-to-earnings-growth ratio of 0.24 and a beta of 0.61. The firm has a fifty day simple moving average of $351.55 and a two-hundred day simple moving average of $368.44.

Everest Group (NYSE:EG) last issued its quarterly earnings data on Monday, February 3rd. The company reported ($18.39) EPS for the quarter, missing the consensus estimate of $11.64 by ($30.03). Everest Group had a return on equity of 9.04% and a net margin of 7.95%. Equities analysts expect that Everest Group, Ltd. will post 47.93 earnings per share for the current year.

Everest Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 17th will be issued a $2.00 dividend. The ex-dividend date is Monday, March 17th. This represents a $8.00 annualized dividend and a yield of 2.23%. Everest Group’s dividend payout ratio (DPR) is presently 25.47%.

Analyst Upgrades and Downgrades

EG has been the subject of a number of research reports. Wells Fargo & Company cut their price objective on shares of Everest Group from $390.00 to $380.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. Barclays upped their price objective on shares of Everest Group from $461.00 to $470.00 and gave the company an “overweight” rating in a research note on Tuesday, February 4th. BMO Capital Markets cut shares of Everest Group from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $453.00 to $375.00 in a research note on Thursday, January 30th. Jefferies Financial Group lowered shares of Everest Group from a “buy” rating to a “hold” rating and upped their price target for the company from $420.00 to $429.00 in a report on Tuesday, November 26th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Everest Group from $420.00 to $434.00 and gave the company an “outperform” rating in a report on Friday, January 10th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Everest Group presently has a consensus rating of “Hold” and an average target price of $416.50.

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.