National Pension Service Has $3.22 Million Position in Everest Group, Ltd. $EG

National Pension Service raised its position in Everest Group, Ltd. (NYSE:EG) by 83.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,007 shares of the company’s stock after purchasing an additional 4,090 shares during the quarter. National Pension Service’s holdings in Everest Group were worth $3,218,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Trifecta Capital Advisors LLC bought a new stake in shares of Everest Group during the second quarter worth about $29,000. Raiffeisen Bank International AG bought a new position in Everest Group in the 4th quarter valued at approximately $34,000. Cullen Frost Bankers Inc. acquired a new stake in Everest Group during the 4th quarter worth approximately $37,000. CYBER HORNET ETFs LLC acquired a new stake in Everest Group during the 2nd quarter worth approximately $39,000. Finally, MUFG Securities EMEA plc bought a new stake in Everest Group during the 2nd quarter worth approximately $43,000. 92.64% of the stock is owned by institutional investors and hedge funds.

Everest Group Stock Up 0.1%

Shares of NYSE EG opened at $372.22 on Monday. The company’s 50 day moving average price is $374.65 and its 200-day moving average price is $351.28. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.35 and a current ratio of 0.35. Everest Group, Ltd. has a 52-week low of $302.44 and a 52-week high of $401.07. The company has a market capitalization of $14.27 billion, a P/E ratio of 7.87, a price-to-earnings-growth ratio of 0.73 and a beta of 0.28.

Everest Group (NYSE:EG) last announced its earnings results on Tuesday, June 30th. The company reported $14.85 earnings per share for the quarter. The business had revenue of $3.96 billion during the quarter. Everest Group had a net margin of 11.41% and a return on equity of 13.63%. Equities analysts forecast that Everest Group, Ltd. will post 53.2 earnings per share for the current year.

Everest Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Wednesday, September 9th will be issued a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Wednesday, September 9th. Everest Group’s dividend payout ratio (DPR) is presently 16.92%.

Analyst Upgrades and Downgrades

EG has been the subject of several recent research reports. Citigroup upped their price target on shares of Everest Group from $395.00 to $415.00 and gave the company a “neutral” rating in a research report on Friday, July 31st. Atlantic Securities set a $484.00 price objective on shares of Everest Group in a research note on Wednesday, July 15th. Morgan Stanley increased their price objective on Everest Group from $355.00 to $360.00 and gave the company an “equal weight” rating in a report on Monday, July 6th. Evercore set a $377.00 target price on Everest Group in a research report on Thursday, July 30th. Finally, TD Cowen lifted their target price on Everest Group from $365.00 to $385.00 and gave the stock a “hold” rating in a report on Wednesday, August 19th. Four research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $395.27.

Everest Group Profile

Everest Group, Ltd. (NYSE: EG) is a global insurance and reinsurance company headquartered in Hamilton, Bermuda. Through its operating subsidiaries, the company provides property and casualty insurance and reinsurance products to businesses, insurers and other institutional clients.

Everest’s reinsurance operations cover a range of property, casualty and specialty risks, while its insurance business offers commercial coverage in areas such as property, casualty, specialty, marine, accident and health.