Charles Schwab Investment Management Inc. Sells 2,965 Shares of Everest Group, Ltd. (NYSE:EG)

Charles Schwab Investment Management Inc. lowered its position in Everest Group, Ltd. (NYSE:EG) by 0.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 380,095 shares of the company’s stock after selling 2,965 shares during the period. Charles Schwab Investment Management Inc. owned about 0.88% of Everest Group worth $137,769,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. State of Michigan Retirement System increased its position in shares of Everest Group by 0.8% in the 4th quarter. State of Michigan Retirement System now owns 12,911 shares of the company’s stock valued at $4,680,000 after buying an additional 100 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Everest Group in the 4th quarter valued at $31,000. MMA Asset Management LLC bought a new stake in shares of Everest Group in the 4th quarter valued at $278,000. Metis Global Partners LLC increased its position in shares of Everest Group by 69.6% in the 4th quarter. Metis Global Partners LLC now owns 2,368 shares of the company’s stock valued at $858,000 after buying an additional 972 shares in the last quarter. Finally, Waterway Wealth Management LLC increased its position in shares of Everest Group by 41.2% in the 4th quarter. Waterway Wealth Management LLC now owns 1,062 shares of the company’s stock valued at $385,000 after buying an additional 310 shares in the last quarter. Institutional investors own 92.64% of the company’s stock.

Analysts Set New Price Targets

EG has been the subject of a number of research reports. Barclays increased their target price on Everest Group from $461.00 to $470.00 and gave the stock an “overweight” rating in a report on Tuesday, February 4th. Morgan Stanley reiterated an “equal weight” rating and set a $340.00 target price (down previously from $425.00) on shares of Everest Group in a report on Wednesday, February 5th. Keefe, Bruyette & Woods increased their target price on Everest Group from $420.00 to $434.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. TD Cowen lowered their target price on Everest Group from $444.00 to $419.00 and set a “hold” rating for the company in a report on Monday, November 18th. Finally, Jefferies Financial Group cut Everest Group from a “buy” rating to a “hold” rating and increased their target price for the stock from $420.00 to $429.00 in a report on Tuesday, November 26th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $416.50.

Everest Group Trading Up 0.1 %

Everest Group stock opened at $363.88 on Friday. The firm has a 50-day moving average of $352.36 and a 200-day moving average of $369.71. Everest Group, Ltd. has a one year low of $327.37 and a one year high of $407.30. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.40 and a quick ratio of 0.40. The company has a market cap of $15.62 billion, a price-to-earnings ratio of 11.58, a P/E/G ratio of 0.24 and a beta of 0.61.

Everest Group (NYSE:EG) last posted its quarterly earnings data on Monday, February 3rd. The company reported ($18.39) EPS 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%. On average, equities analysts expect that Everest Group, Ltd. will post 47.93 earnings per share for the current fiscal year.

Everest Group Dividend Announcement

The company 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 $2.00 dividend. The ex-dividend date is Monday, March 17th. This represents a $8.00 annualized dividend and a yield of 2.20%. Everest Group’s dividend payout ratio (DPR) is currently 25.47%.

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.