Northwest & Ethical Investments L.P. Has $14.16 Million Stake in Everest Group, Ltd. $EG

Key Points

• Northwest & Ethical Investments L.P. increased its ownership in Everest Group, Ltd. by 9.4%, holding approximately 0.09% of the company, valued at $14.16 million as of the latest SEC filing.
• Several institutional investors have significantly increased their stakes in Everest Group, indicating strong interest, with 92.64% of the stock owned by hedge funds and other institutional investors.
• Everest Group recently reported a quarterly EPS of $17.36, surpassing analyst expectations, and announced a quarterly dividend of $2.00 per share, reflecting a yield of 2.4%.

Northwest & Ethical Investments L.P. lifted its holdings in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 9.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,983 shares of the company's stock after buying an additional 3,336 shares during the period. Northwest & Ethical Investments L.P. owned approximately 0.09% of Everest Group worth $14,164,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC lifted its position in Everest Group by 3.7% in the first quarter. Flagship Harbor Advisors LLC now owns 843 shares of the company's stock worth $306,000 after purchasing an additional 30 shares during the period. Legacy Advisors LLC lifted its position in Everest Group by 5.5% in the first quarter. Legacy Advisors LLC now owns 599 shares of the company's stock worth $218,000 after purchasing an additional 31 shares during the period. Nissay Asset Management Corp Japan ADV lifted its position in Everest Group by 0.7% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 5,315 shares of the company's stock worth $1,913,000 after purchasing an additional 36 shares during the period. Vontobel Holding Ltd. lifted its position in Everest Group by 2.1% in the first quarter. Vontobel Holding Ltd. now owns 1,781 shares of the company's stock worth $647,000 after purchasing an additional 36 shares during the period. Finally, Baader Bank Aktiengesellschaft lifted its position in Everest Group by 6.6% in the first quarter. Baader Bank Aktiengesellschaft now owns 595 shares of the company's stock worth $213,000 after purchasing an additional 37 shares during the period. 92.64% of the stock is currently owned by institutional investors and hedge funds.

Everest Group Stock Up 1.6%

Shares of NYSE EG traded up $5.3250 during mid-day trading on Wednesday, reaching $343.1150. The company had a trading volume of 305,193 shares, compared to its average volume of 402,320. Everest Group, Ltd. has a twelve month low of $320.00 and a twelve month high of $407.30. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.38 and a current ratio of 0.38. The stock has a market capitalization of $14.39 billion, a PE ratio of 18.21, a price-to-earnings-growth ratio of 0.25 and a beta of 0.50. The stock's 50 day moving average is $334.92 and its 200-day moving average is $343.34.

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

Everest Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Wednesday, September 3rd will be given a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Wednesday, September 3rd. Everest Group's dividend payout ratio is presently 42.46%.

Wall Street Analyst Weigh In

EG has been the topic of several research reports. Evercore ISI dropped their price target on Everest Group from $400.00 to $396.00 and set an "in-line" rating on the stock in a report on Thursday, May 1st. 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 report on Wednesday, August 6th. Janney Montgomery Scott initiated coverage on Everest Group in a report on Friday, June 20th. They issued a "buy" rating and a $425.00 price target on the stock. UBS Group dropped their price target on Everest Group from $372.00 to $370.00 and set a "neutral" rating on the stock in a report on Wednesday, July 9th. Finally, Wells Fargo & Company reaffirmed a "mixed" rating on shares of Everest Group in a report on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $397.14.

Insider Buying and Selling

In other Everest Group news, CEO James Allan Williamson bought 1,000 shares of the stock in a transaction on Wednesday, June 11th. The shares were purchased at an average cost of $337.97 per share, with a total value of $337,970.00. Following the completion of the transaction, the chief executive officer directly owned 25,618 shares of the company's stock, valued at $8,658,115.46. This represents a 4.06% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is owned by insiders.

About Everest Group

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.