Everest Group, Ltd. (NYSE:EG) Stock Position Raised by Signature Estate & Investment Advisors LLC

Signature Estate & Investment Advisors LLC boosted its position in shares of Everest Group, Ltd. (NYSE:EG) by 4.7% during the 4th quarter, HoldingsChannel reports. The firm owned 5,137 shares of the company’s stock after buying an additional 231 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in Everest Group were worth $1,862,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in EG. PNC Financial Services Group Inc. increased its holdings in shares of Everest Group by 7.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 5,293 shares of the company’s stock valued at $2,074,000 after purchasing an additional 346 shares during the period. Raymond James Trust N.A. increased its stake in Everest Group by 59.7% in the 3rd quarter. Raymond James Trust N.A. now owns 1,434 shares of the company’s stock valued at $562,000 after buying an additional 536 shares during the period. Citigroup Inc. lifted its position in Everest Group by 5.9% in the 3rd quarter. Citigroup Inc. now owns 51,962 shares of the company’s stock worth $20,360,000 after buying an additional 2,877 shares in the last quarter. Kingsview Wealth Management LLC acquired a new stake in shares of Everest Group during the 3rd quarter valued at $2,076,000. Finally, Centaurus Financial Inc. purchased a new position in shares of Everest Group during the 3rd quarter valued at $220,000. 92.64% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Everest Group

In other Everest Group news, Director Geraldine Losquadro sold 1,500 shares of the stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $360.63, for a total value of $540,945.00. Following the completion of the sale, the director now directly owns 12,279 shares of the company’s stock, valued at $4,428,175.77. This represents a 10.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.20% of the company’s stock.

Everest Group Trading Up 0.8 %

NYSE:EG opened at $362.05 on Wednesday. The company’s 50 day moving average is $351.13 and its 200-day moving average is $366.73. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.26. Everest Group, Ltd. has a 12 month low of $327.37 and a 12 month high of $407.30. The firm has a market cap of $15.54 billion, a price-to-earnings ratio of 11.53, a P/E/G ratio of 0.24 and a beta of 0.61.

Everest Group (NYSE:EG) last released its earnings results on Monday, February 3rd. The company reported ($18.39) earnings per share for the quarter, missing analysts’ consensus estimates of $11.64 by ($30.03). Everest Group had a return on equity of 9.04% and a net margin of 7.95%. Equities analysts anticipate that Everest Group, Ltd. will post 47.93 EPS for the current year.

Everest Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 17th will be paid a dividend of $2.00 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $8.00 annualized dividend and a yield of 2.21%. Everest Group’s payout ratio is 25.47%.

Wall Street Analysts Forecast Growth

EG has been the subject of a number of research reports. Jefferies Financial Group cut Everest Group from a “buy” rating to a “hold” rating and lifted their price objective for the company from $420.00 to $429.00 in a research report on Tuesday, November 26th. BMO Capital Markets lowered Everest Group from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $453.00 to $375.00 in a report on Thursday, January 30th. Morgan Stanley restated an “equal weight” rating and issued a $340.00 price objective (down previously from $425.00) on shares of Everest Group in a report on Wednesday, February 5th. Wells Fargo & Company reduced their target price on shares of Everest Group from $390.00 to $380.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Everest Group from $420.00 to $434.00 and gave the stock an “outperform” rating in a research note on Friday, January 10th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $416.50.

Everest Group Company 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.