SBI Securities Co. Ltd. Invests $31,000 in Everest Group, Ltd. (NYSE:EG)

SBI Securities Co. Ltd. bought a new position in shares of Everest Group, Ltd. (NYSE:EG) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 86 shares of the company’s stock, valued at approximately $31,000.

Several other hedge funds and other institutional investors have also made changes to their positions in EG. Geode Capital Management LLC increased its position in Everest Group by 1.4% during the third quarter. Geode Capital Management LLC now owns 1,155,760 shares of the company’s stock worth $453,818,000 after buying an additional 16,180 shares during the period. Massachusetts Financial Services Co. MA increased its position in Everest Group by 6.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 490,691 shares of the company’s stock worth $192,267,000 after buying an additional 30,458 shares during the period. Mizuho Securities USA LLC increased its position in Everest Group by 12,263.1% during the third quarter. Mizuho Securities USA LLC now owns 415,400 shares of the company’s stock worth $162,766,000 after buying an additional 412,040 shares during the period. FMR LLC grew its stake in shares of Everest Group by 21.5% in the 3rd quarter. FMR LLC now owns 410,861 shares of the company’s stock valued at $160,988,000 after purchasing an additional 72,822 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Everest Group by 442.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 308,155 shares of the company’s stock valued at $120,744,000 after purchasing an additional 251,337 shares during the last quarter. Institutional investors and hedge funds own 92.64% of the company’s stock.

Analyst Upgrades and Downgrades

EG has been the topic of several analyst reports. Keefe, Bruyette & Woods lifted their target price on Everest Group from $420.00 to $434.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. Wells Fargo & Company lowered their target price on Everest Group from $390.00 to $380.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. Morgan Stanley reiterated an “equal weight” rating and issued a $340.00 target price (down from $425.00) on shares of Everest Group in a research note on Wednesday, February 5th. Jefferies Financial Group downgraded Everest Group from a “buy” rating to a “hold” rating and lifted their target price for the company from $420.00 to $429.00 in a research note on Tuesday, November 26th. Finally, TD Cowen lowered their target price on Everest Group from $444.00 to $419.00 and set a “hold” rating on the stock in a research note on Monday, November 18th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Everest Group has an average rating of “Hold” and an average target price of $416.50.

Everest Group Stock Down 1.7 %

Everest Group stock opened at $348.00 on Thursday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.40 and a quick ratio of 0.40. Everest Group, Ltd. has a 1-year low of $327.37 and a 1-year high of $407.30. The company has a market cap of $14.94 billion, a PE ratio of 11.08, a price-to-earnings-growth ratio of 0.24 and a beta of 0.61. The stock’s 50 day moving average price is $352.24 and its 200 day moving average price is $369.07.

Everest Group (NYSE:EG) last posted its earnings results 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 9.04% and a net margin of 7.95%. On average, sell-side analysts predict that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Everest Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 17th will be given a dividend of $2.00 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $8.00 dividend on an annualized basis and a yield of 2.30%. Everest Group’s payout ratio is 25.47%.

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.