Proficio Capital Partners LLC Invests $10.25 Million in Everest Group, Ltd. (NYSE:EG)

Proficio Capital Partners LLC purchased a new stake in Everest Group, Ltd. (NYSE:EG) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 28,272 shares of the company’s stock, valued at approximately $10,247,000. Proficio Capital Partners LLC owned approximately 0.07% of Everest Group as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Dakota Wealth Management lifted its holdings in Everest Group by 1.7% during the fourth quarter. Dakota Wealth Management now owns 1,945 shares of the company’s stock valued at $705,000 after purchasing an additional 32 shares in the last quarter. Wilmington Savings Fund Society FSB raised its position in shares of Everest Group by 19.6% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 195 shares of the company’s stock worth $71,000 after purchasing an additional 32 shares during the last quarter. Steph & Co. lifted its stake in Everest Group by 10.6% in the 4th quarter. Steph & Co. now owns 366 shares of the company’s stock valued at $133,000 after buying an additional 35 shares in the last quarter. Lester Murray Antman dba SimplyRich boosted its holdings in Everest Group by 2.7% in the 4th quarter. Lester Murray Antman dba SimplyRich now owns 1,328 shares of the company’s stock worth $481,000 after buying an additional 35 shares during the last quarter. Finally, Foundations Investment Advisors LLC increased its stake in Everest Group by 5.9% during the 4th quarter. Foundations Investment Advisors LLC now owns 661 shares of the company’s stock worth $239,000 after buying an additional 37 shares in the last quarter. Institutional investors and hedge funds own 92.64% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. TD Cowen decreased their target price on Everest Group from $444.00 to $419.00 and set a “hold” rating on the stock in a research report on Monday, November 18th. Morgan Stanley reaffirmed an “equal weight” rating and set a $340.00 target price (down previously from $425.00) on shares of Everest Group in a research note on Wednesday, February 5th. Keefe, Bruyette & Woods upped their target price on shares of Everest Group from $420.00 to $434.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. Barclays raised their price target on shares of Everest Group from $461.00 to $470.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 4th. Finally, BMO Capital Markets cut shares of Everest Group from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $453.00 to $375.00 in a research note on Thursday, January 30th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Everest Group presently has an average rating of “Hold” and a consensus price target of $416.50.

Everest Group Trading Up 1.7 %

Shares of EG opened at $353.45 on Monday. Everest Group, Ltd. has a 12-month low of $327.37 and a 12-month high of $407.30. The firm has a market capitalization of $15.19 billion, a P/E ratio of 11.25, a P/E/G ratio of 0.24 and a beta of 0.65. The firm has a 50-day moving average price of $352.59 and a 200 day moving average price of $370.08. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.26.

Everest Group (NYSE:EG) last posted its quarterly earnings results on Monday, February 3rd. The company reported ($18.39) earnings per share 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%. Sell-side analysts forecast 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. Shareholders of record on Monday, March 17th will be paid a dividend of $2.00 per share. The ex-dividend date is Monday, March 17th. This represents a $8.00 annualized dividend and a yield of 2.26%. Everest Group’s dividend payout ratio (DPR) is 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.