Callan Family Office LLC Buys Shares of 922 Everest Group, Ltd. $EG

Callan Family Office LLC bought a new stake in Everest Group, Ltd. (NYSE:EG) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 922 shares of the company’s stock, valued at approximately $313,000.

Several other large investors also recently added to or reduced their stakes in the stock. Shell Asset Management Co. grew its holdings in Everest Group by 30.5% in the 2nd quarter. Shell Asset Management Co. now owns 13,115 shares of the company’s stock valued at $4,457,000 after buying an additional 3,062 shares in the last quarter. KLP Kapitalforvaltning AS grew its holdings in Everest Group by 1.1% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 28,341 shares of the company’s stock valued at $9,632,000 after buying an additional 300 shares in the last quarter. Simplicity Wealth LLC grew its holdings in Everest Group by 14.3% in the 2nd quarter. Simplicity Wealth LLC now owns 710 shares of the company’s stock valued at $241,000 after buying an additional 89 shares in the last quarter. Quent Capital LLC grew its holdings in Everest Group by 8.1% in the 2nd quarter. Quent Capital LLC now owns 652 shares of the company’s stock valued at $221,000 after buying an additional 49 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Everest Group by 8.4% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,063 shares of the company’s stock valued at $1,721,000 after purchasing an additional 392 shares during the last quarter. 92.64% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EG has been the topic of several recent analyst reports. UBS Group decreased their price target on Everest Group from $372.00 to $370.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 9th. Evercore ISI upped their price target on Everest Group from $380.00 to $384.00 and gave the company an “in-line” rating in a research note on Wednesday, October 1st. Wells Fargo & Company upped their price target on Everest Group from $371.00 to $383.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 8th. Citigroup initiated coverage on Everest Group in a research note on Wednesday, August 13th. They issued a “neutral” rating and a $362.00 price target on the stock. Finally, Keefe, Bruyette & Woods upped their price target on Everest Group from $405.00 to $416.00 and gave the company an “outperform” rating in a research note on Wednesday, August 6th. Five investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Everest Group currently has a consensus rating of “Hold” and a consensus target price of $382.79.

Everest Group Price Performance

EG stock opened at $348.52 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.38 and a quick ratio of 0.38. The firm has a market capitalization of $14.62 billion, a P/E ratio of 18.50, a P/E/G ratio of 0.25 and a beta of 0.48. The business’s 50-day moving average is $343.19 and its two-hundred day moving average is $342.41. Everest Group, Ltd. has a 1 year low of $320.00 and a 1 year high of $392.78.

Everest Group (NYSE:EG) last released its quarterly earnings data on Wednesday, July 30th. The company reported $17.36 EPS for the quarter, beating analysts’ consensus estimates of $15.14 by $2.22. Everest Group had a return on equity of 5.89% and a net margin of 4.56%.The business had revenue of $4.49 billion for the quarter, compared to the consensus estimate of $4.22 billion. During the same quarter in the prior year, the business posted $16.85 EPS. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. Analysts anticipate that Everest Group, Ltd. will post 47.93 earnings per share for the current fiscal year.

Everest Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Wednesday, September 3rd were issued a $2.00 dividend. The ex-dividend date was Wednesday, September 3rd. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.3%. Everest Group’s dividend payout ratio is presently 42.46%.

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.