Davis Selected Advisers Purchases 329 Shares of Everest Group, Ltd. (NYSE:EG)

Davis Selected Advisers raised its position in shares of Everest Group, Ltd. (NYSE:EG) by 0.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 39,212 shares of the company’s stock after purchasing an additional 329 shares during the period. Davis Selected Advisers owned 0.09% of Everest Group worth $14,213,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of EG. SBI Securities Co. Ltd. bought a new position in Everest Group during the fourth quarter valued at $31,000. Brooklyn Investment Group bought a new position in Everest Group during the third quarter valued at $39,000. Private Trust Co. NA grew its holdings in Everest Group by 51.7% during the third quarter. Private Trust Co. NA now owns 132 shares of the company’s stock valued at $52,000 after purchasing an additional 45 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Everest Group during the third quarter valued at $64,000. Finally, Avior Wealth Management LLC grew its holdings in Everest Group by 22.4% during the fourth quarter. Avior Wealth Management LLC now owns 257 shares of the company’s stock valued at $93,000 after purchasing an additional 47 shares during the period. 92.64% of the stock is owned by institutional investors.

Everest Group Price Performance

NYSE:EG opened at $363.88 on Friday. The firm has a market capitalization 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, Ltd. has a 52-week low of $327.37 and a 52-week high of $407.30. The stock has a fifty day moving average of $352.36 and a 200 day moving average of $369.71. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.40 and a current ratio of 0.40.

Everest Group (NYSE:EG) last posted its quarterly earnings data on Monday, February 3rd. The company reported ($18.39) earnings per share (EPS) for the quarter, missing the consensus estimate of $11.64 by ($30.03). Everest Group had a net margin of 7.95% and a return on equity of 9.04%. On average, research analysts expect that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Everest Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 17th will be given a dividend of $2.00 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $8.00 dividend on an annualized basis and a yield of 2.20%. Everest Group’s payout ratio is 25.47%.

Analysts Set New Price Targets

EG has been the subject of a number of analyst reports. Wells Fargo & Company cut their price target on Everest Group from $390.00 to $380.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. Jefferies Financial Group lowered Everest Group from a “buy” rating to a “hold” rating and raised their price target for the stock from $420.00 to $429.00 in a report on Tuesday, November 26th. BMO Capital Markets lowered Everest Group from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $453.00 to $375.00 in a report on Thursday, January 30th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $340.00 price target (down from $425.00) on shares of Everest Group in a report on Wednesday, February 5th. Finally, TD Cowen cut their price target on Everest Group from $444.00 to $419.00 and set a “hold” rating for the company in a report on Monday, November 18th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target 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.