Vista Investment Partners II LLC Takes Position in Everest Group, Ltd. (NYSE:EG)

Vista Investment Partners II LLC bought a new position in shares of Everest Group, Ltd. (NYSE:EG) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,695 shares of the company’s stock, valued at approximately $1,702,000.

Several other large investors also recently made changes to their positions in EG. Johnson Investment Counsel Inc. boosted its position in Everest Group by 5.1% in the 4th quarter. Johnson Investment Counsel Inc. now owns 186,327 shares of the company’s stock valued at $67,536,000 after buying an additional 8,984 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in Everest Group by 5.8% during the 4th quarter. Daiwa Securities Group Inc. now owns 5,704 shares of the company’s stock worth $2,067,000 after purchasing an additional 312 shares during the last quarter. Lifeworks Advisors LLC raised its position in shares of Everest Group by 38.3% in the 4th quarter. Lifeworks Advisors LLC now owns 16,959 shares of the company’s stock valued at $6,147,000 after purchasing an additional 4,694 shares in the last quarter. Davis Selected Advisers boosted its stake in shares of Everest Group by 0.8% during the 4th quarter. Davis Selected Advisers now owns 39,212 shares of the company’s stock valued at $14,213,000 after buying an additional 329 shares during the last quarter. Finally, Mesirow Financial Investment Management Inc. grew its position in shares of Everest Group by 60.1% during the fourth quarter. Mesirow Financial Investment Management Inc. now owns 1,071 shares of the company’s stock worth $388,000 after buying an additional 402 shares in the last quarter. Institutional investors and hedge funds own 92.64% of the company’s stock.

Everest Group Stock Up 0.1 %

NYSE EG opened at $363.88 on Monday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.40 and a quick ratio of 0.40. The company has a market capitalization of $15.62 billion, a P/E ratio of 11.58, a PEG ratio of 0.24 and a beta of 0.61. The company’s 50 day simple moving average is $352.43 and its 200 day simple moving average is $369.48. Everest Group, Ltd. has a 12 month low of $327.37 and a 12 month high of $407.30.

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

Everest Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 17th will be paid a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date is Monday, March 17th. Everest Group’s payout ratio is 25.47%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on EG shares. Wells Fargo & Company decreased their price target on 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. Keefe, Bruyette & Woods increased their price target on Everest Group from $420.00 to $434.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. BMO Capital Markets lowered Everest Group from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $453.00 to $375.00 in a research report on Thursday, January 30th. Barclays raised their target price on Everest Group from $461.00 to $470.00 and gave the company an “overweight” rating in a research note on Tuesday, February 4th. Finally, Morgan Stanley restated an “equal weight” rating and set a $340.00 price target (down previously from $425.00) on shares of Everest Group in a research report on Wednesday, February 5th. Six investment 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, Everest Group has a consensus rating of “Hold” and a consensus target price of $416.50.

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.