21,174 Shares in Everest Group, Ltd. $EG Bought by One Way Holdings LLC

One Way Holdings LLC acquired a new position in shares of Everest Group, Ltd. (NYSE:EG) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 21,174 shares of the company’s stock, valued at approximately $7,732,000. One Way Holdings LLC owned about 0.06% of Everest Group at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Bank of America Corp DE purchased a new stake in shares of Everest Group in the second quarter valued at $108,102,000. William Blair Investment Management LLC acquired a new stake in shares of Everest Group during the second quarter valued at $171,426,000. The Manufacturers Life Insurance Company purchased a new stake in Everest Group during the 2nd quarter worth about $9,122,000. Polianta Ltd purchased a new stake in Everest Group during the 2nd quarter worth about $2,000,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in Everest Group during the 2nd quarter worth about $5,351,000. 92.64% of the stock is currently owned by institutional investors and hedge funds.

Everest Group Stock Up 0.1%

EG opened at $411.58 on Monday. The company has a market cap of $15.78 billion, a PE ratio of 8.70, a price-to-earnings-growth ratio of 0.57 and a beta of 0.23. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.35 and a current ratio of 0.36. Everest Group, Ltd. has a 1 year low of $304.55 and a 1 year high of $413.00. The firm has a 50 day moving average price of $378.52 and a 200 day moving average price of $353.16.

Everest Group (NYSE:EG) last announced its quarterly earnings results on Wednesday, October 28th. The company reported $7.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $9.38 by ($1.76). The company had revenue of $3.71 billion during the quarter, compared to analyst estimates of $3.81 billion. Everest Group had a net margin of 11.70% and a return on equity of 13.71%. The firm’s revenue for the quarter was down 14.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $7.54 earnings per share. Sell-side analysts expect that Everest Group, Ltd. will post 53.32 earnings per share for the current year.

Everest Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Wednesday, September 9th were paid a dividend of $2.00 per share. The ex-dividend date was Wednesday, September 9th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 1.9%. Everest Group’s dividend payout ratio (DPR) is currently 16.91%.

Analyst Upgrades and Downgrades

EG has been the topic of a number of recent research reports. Rosenblatt Securities set a $455.00 target price on shares of Everest Group in a report on Tuesday, September 22nd. Keefe, Bruyette & Woods lowered their price target on shares of Everest Group from $414.00 to $407.00 and set an “outperform” rating for the company in a report on Monday, October 12th. TD Cowen boosted their price objective on shares of Everest Group from $365.00 to $385.00 and gave the company a “hold” rating in a research report on Wednesday, August 19th. Citigroup upped their price objective on shares of Everest Group from $395.00 to $415.00 and gave the company a “neutral” rating in a research note on Friday, July 31st. Finally, Barclays raised their target price on shares of Everest Group from $420.00 to $430.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. Six investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, Everest Group presently has an average rating of “Hold” and a consensus price target of $413.19.

Everest Group Company Profile

Everest Group, Ltd. is a global insurance and reinsurance company that provides property and casualty coverage to businesses, institutions, and other insurers. Its operations focus on assuming and managing risks through reinsurance, as well as offering insurance products in selected specialty and commercial markets.

The company’s reinsurance business supports insurers across lines such as property, casualty, specialty, and other risks. Through its insurance platform, Everest provides coverage for commercial customers and specialty exposures, including property, casualty, professional liability, and other products that may vary by market.