Hancock Whitney Corp Increases Holdings in Everest Group, Ltd. (NYSE:EG)

Hancock Whitney Corp raised its stake in Everest Group, Ltd. (NYSE:EG) by 0.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 42,895 shares of the company’s stock after acquiring an additional 96 shares during the period. Hancock Whitney Corp owned approximately 0.10% of Everest Group worth $16,344,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Intech Investment Management LLC purchased a new stake in Everest Group during the 4th quarter valued at about $18,995,000. Dai ichi Life Insurance Company Ltd bought a new position in shares of Everest Group in the fourth quarter worth approximately $1,271,000. Tower Research Capital LLC TRC purchased a new stake in shares of Everest Group during the fourth quarter valued at approximately $2,372,000. Corient Private Wealth LLC purchased a new stake in shares of Everest Group during the fourth quarter valued at approximately $7,139,000. Finally, Perpetual Ltd increased its position in shares of Everest Group by 92.0% during the first quarter. Perpetual Ltd now owns 4,724 shares of the company’s stock valued at $1,878,000 after acquiring an additional 2,264 shares in the last quarter. 92.64% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on EG. Keefe, Bruyette & Woods lowered their price objective on Everest Group from $454.00 to $438.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Wells Fargo & Company increased their price objective on Everest Group from $392.00 to $393.00 and gave the company an “equal weight” rating in a research report on Monday, August 12th. TD Cowen decreased their target price on Everest Group from $419.00 to $405.00 and set a “hold” rating for the company in a research report on Tuesday, August 13th. Barclays started coverage on shares of Everest Group in a report on Wednesday, September 4th. They set an “overweight” rating and a $527.00 price target on the stock. Finally, Morgan Stanley lowered their price objective on shares of Everest Group from $450.00 to $445.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 10th. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Everest Group presently has an average rating of “Moderate Buy” and an average price target of $438.09.

Everest Group Stock Down 0.2 %

Shares of EG stock opened at $387.50 on Friday. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.24. Everest Group, Ltd. has a 12 month low of $343.76 and a 12 month high of $417.92. The stock has a market cap of $16.77 billion, a P/E ratio of 5.76, a P/E/G ratio of 2.71 and a beta of 0.62. The company has a 50 day simple moving average of $381.70 and a two-hundred day simple moving average of $379.89.

Everest Group (NYSE:EG) last posted 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 company had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.32 billion. Everest Group had a return on equity of 24.09% and a net margin of 18.36%. The company’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same quarter last year, the company earned $15.21 earnings per share. On average, research analysts expect that Everest Group, Ltd. will post 61.66 earnings per share for the current year.

Everest Group Dividend Announcement

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

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.