Lmcg Investments LLC acquired a new stake in Everest Group, Ltd. (NYSE:EG - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 35,073 shares of the company's stock, valued at approximately $12,401,000. Lmcg Investments LLC owned 0.08% of Everest Group as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Boston Partners purchased a new stake in Everest Group during the 4th quarter valued at approximately $328,064,000. Dimensional Fund Advisors LP purchased a new stake in shares of Everest Group during the fourth quarter worth approximately $173,587,000. LSV Asset Management purchased a new stake in shares of Everest Group during the fourth quarter worth approximately $168,328,000. Massachusetts Financial Services Co. MA acquired a new stake in shares of Everest Group during the fourth quarter worth $165,243,000. Finally, Charles Schwab Investment Management Inc. purchased a new position in Everest Group in the 4th quarter valued at $133,525,000. 92.64% of the stock is owned by hedge funds and other institutional investors.
Everest Group Price Performance
EG traded down $3.65 during trading on Wednesday, reaching $375.11. 201,285 shares of the stock were exchanged, compared to its average volume of 359,245. Everest Group, Ltd. has a 1 year low of $331.08 and a 1 year high of $417.92. The company has a market capitalization of $16.30 billion, a price-to-earnings ratio of 5.57, a P/E/G ratio of 3.34 and a beta of 0.57. The business's 50 day moving average price is $377.69 and its two-hundred day moving average price is $377.63. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.38 and a quick ratio of 0.38.
Everest Group (NYSE:EG - Get Free Report) last issued its quarterly earnings data on Monday, April 29th. The company reported $16.32 EPS for the quarter, beating analysts' consensus estimates of $15.98 by $0.34. The firm had revenue of $4.13 billion for the quarter, compared to analysts' expectations of $4.05 billion. Everest Group had a net margin of 18.69% and a return on equity of 24.86%. The firm's revenue was up 25.8% on a year-over-year basis. During the same period in the prior year, the company earned $11.31 EPS. As a group, equities research analysts anticipate that Everest Group, Ltd. will post 61.64 earnings per share for the current year.
Everest Group Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Tuesday, March 19th were given a dividend of $1.75 per share. The ex-dividend date of this dividend was Monday, March 18th. This represents a $7.00 annualized dividend and a dividend yield of 1.87%. Everest Group's dividend payout ratio is currently 10.40%.
Wall Street Analysts Forecast Growth
EG has been the subject of several recent analyst reports. Wells Fargo & Company reduced their target price on shares of Everest Group from $402.00 to $397.00 and set an "equal weight" rating for the company in a research note on Thursday, April 11th. Morgan Stanley lowered their price objective on Everest Group from $466.00 to $450.00 and set an "overweight" rating on the stock in a report on Monday, April 15th. Citigroup downgraded Everest Group from a "buy" rating to a "neutral" rating and cut their target price for the stock from $452.00 to $375.00 in a research note on Monday, February 12th. Finally, Keefe, Bruyette & Woods lifted their price target on Everest Group from $445.00 to $457.00 and gave the company an "outperform" rating in a research note on Wednesday, April 10th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Everest Group presently has a consensus rating of "Moderate Buy" and an average target price of $432.11.
Read Our Latest Stock Report on Everest Group
About Everest Group
(
Free Report)
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.
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