Everest Group, Ltd. (NYSE:EG) Shares Acquired by Vista Investment Partners LLC

Vista Investment Partners LLC lifted its position in shares of Everest Group, Ltd. (NYSE:EG) by 1.1% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 7,819 shares of the company’s stock after purchasing an additional 86 shares during the quarter. Vista Investment Partners LLC’s holdings in Everest Group were worth $3,064,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EG. Boston Partners increased its position in shares of Everest Group by 29.1% in the first quarter. Boston Partners now owns 1,197,457 shares of the company’s stock worth $475,750,000 after acquiring an additional 269,665 shares in the last quarter. William Blair Investment Management LLC increased its holdings in Everest Group by 30.2% in the 2nd quarter. William Blair Investment Management LLC now owns 580,171 shares of the company’s stock valued at $221,057,000 after purchasing an additional 134,517 shares in the last quarter. Goldman Sachs Group Inc. purchased a new position in Everest Group in the fourth quarter valued at about $44,434,000. Arnhold LLC acquired a new position in shares of Everest Group during the first quarter worth about $19,896,000. Finally, Champlain Investment Partners LLC boosted its position in shares of Everest Group by 5.3% in the first quarter. Champlain Investment Partners LLC now owns 906,100 shares of the company’s stock worth $360,175,000 after buying an additional 45,705 shares during the period. Institutional investors and hedge funds own 92.64% of the company’s stock.

Everest Group Trading Down 0.0 %

NYSE:EG opened at $385.95 on Friday. The company has a market cap of $16.62 billion, a PE ratio of 5.70, a P/E/G ratio of 2.77 and a beta of 0.61. The business’s 50 day moving average is $385.27 and its two-hundred day moving average is $380.54. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.24. Everest Group, Ltd. has a 52 week low of $343.76 and a 52 week high of $417.92.

Everest Group (NYSE:EG) last released its earnings results on Wednesday, July 31st. The company reported $16.85 earnings per share for the quarter, missing the consensus estimate of $16.97 by ($0.12). Everest Group had a net margin of 18.36% and a return on equity of 24.09%. The business had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.32 billion. During the same quarter in the previous year, the firm earned $15.21 EPS. The firm’s revenue for the quarter was up 15.8% on a year-over-year basis. On average, analysts predict that Everest Group, Ltd. will post 61.79 EPS for the current year.

Everest Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 16th were issued a $2.00 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $8.00 dividend on an annualized basis and a yield of 2.07%. Everest Group’s dividend payout ratio is currently 11.81%.

Wall Street Analyst Weigh In

EG has been the topic of several analyst reports. Jefferies Financial Group raised their target price on Everest Group from $440.00 to $457.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. BMO Capital Markets reissued a “market perform” rating and set a $403.00 target price on shares of Everest Group in a research report on Friday, August 30th. UBS Group raised shares of Everest Group to a “hold” rating in a report on Wednesday, October 9th. Morgan Stanley cut their price objective on shares of Everest Group from $450.00 to $445.00 and set an “overweight” rating on the stock in a report on Wednesday, July 10th. Finally, Barclays began coverage on Everest Group in a research note on Wednesday, September 4th. They set an “overweight” rating and a $527.00 target price for the company. Five investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $439.27.

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.