Moors & Cabot Inc. Has $265,000 Stock Holdings in Everest Group, Ltd. (NYSE:EG)

Moors & Cabot Inc. trimmed its position in Everest Group, Ltd. (NYSE:EG) by 30.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 695 shares of the company’s stock after selling 300 shares during the quarter. Moors & Cabot Inc.’s holdings in Everest Group were worth $265,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Vanguard Group Inc. acquired a new stake in Everest Group in the 4th quarter valued at approximately $1,886,055,000. Wellington Management Group LLP bought a new stake in shares of Everest Group in the fourth quarter valued at approximately $751,457,000. Boston Partners increased its position in Everest Group by 29.1% during the first quarter. Boston Partners now owns 1,197,457 shares of the company’s stock worth $475,750,000 after acquiring an additional 269,665 shares during the period. Champlain Investment Partners LLC raised its stake in Everest Group by 5.3% during the 1st quarter. Champlain Investment Partners LLC now owns 906,100 shares of the company’s stock valued at $360,175,000 after purchasing an additional 45,705 shares during the last quarter. Finally, William Blair Investment Management LLC boosted its holdings in 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 purchasing an additional 134,517 shares during the period. 92.64% of the stock is owned by institutional investors.

Everest Group Trading Down 0.2 %

Shares of EG opened at $387.50 on Friday. The stock has a fifty day moving average price of $381.59 and a two-hundred day moving average price of $379.75. 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 has a market cap of $16.77 billion, a price-to-earnings ratio of 5.76, a PEG ratio of 2.71 and a beta of 0.62. Everest Group, Ltd. has a 52-week low of $343.76 and a 52-week high of $417.92.

Everest Group (NYSE:EG) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $16.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $16.97 by ($0.12). The company had revenue of $4.23 billion for 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 quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter last year, the company earned $15.21 EPS. Analysts predict that Everest Group, Ltd. will post 61.66 EPS for the current fiscal year.

Everest Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Monday, September 16th will be issued a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend is Monday, September 16th. Everest Group’s dividend payout ratio is currently 11.89%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on EG shares. Bank of America upped their price objective on shares of Everest Group from $470.00 to $493.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. Morgan Stanley lowered their price target on shares of Everest Group from $450.00 to $445.00 and set an “overweight” rating on the stock in a report on Wednesday, July 10th. BMO Capital Markets reaffirmed a “market perform” rating and set a $403.00 price objective on shares of Everest Group in a report on Friday, August 30th. Barclays assumed coverage on Everest Group in a report on Wednesday, September 4th. They issued an “overweight” rating and a $527.00 target price for the company. Finally, TD Cowen lowered their price target on Everest Group from $419.00 to $405.00 and set a “hold” rating on the stock in a research report on Tuesday, August 13th. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $438.09.

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.