QRG Capital Management Inc. Buys 150 Shares of Everest Group, Ltd. (NYSE:EG)

QRG Capital Management Inc. boosted its stake in Everest Group, Ltd. (NYSE:EG) by 0.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 38,715 shares of the company’s stock after acquiring an additional 150 shares during the period. QRG Capital Management Inc. owned 0.09% of Everest Group worth $14,033,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Private Advisor Group LLC purchased a new position in shares of Everest Group in the third quarter worth about $333,000. International Assets Investment Management LLC purchased a new position in Everest Group during the third quarter valued at approximately $8,905,000. Mirae Asset Global Investments Co. Ltd. grew its stake in Everest Group by 45.6% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,776 shares of the company’s stock valued at $1,097,000 after acquiring an additional 869 shares in the last quarter. Arkadios Wealth Advisors grew its stake in Everest Group by 5.5% during the third quarter. Arkadios Wealth Advisors now owns 903 shares of the company’s stock valued at $354,000 after acquiring an additional 47 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake in Everest Group by 82.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,163 shares of the company’s stock valued at $1,631,000 after acquiring an additional 1,877 shares in the last quarter. Institutional investors own 92.64% of the company’s stock.

Everest Group Trading Up 1.3 %

NYSE:EG opened at $348.15 on Friday. The company has a fifty day moving average of $352.65 and a 200 day moving average of $370.08. Everest Group, Ltd. has a 52 week low of $327.37 and a 52 week high of $407.30. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $14.96 billion, a P/E ratio of 11.08, a P/E/G ratio of 0.24 and a beta of 0.65.

Everest Group (NYSE:EG) last posted its quarterly earnings results 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 net margin of 7.95% and a return on equity of 9.04%. On average, research analysts predict that Everest Group, Ltd. will post 47.93 earnings per share for the current year.

Everest Group Dividend Announcement

The business also recently disclosed 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. This represents a $8.00 dividend on an annualized basis and a yield of 2.30%. Everest Group’s payout ratio is currently 25.47%.

Analyst Ratings Changes

Several equities analysts recently commented on EG shares. Jefferies Financial Group cut shares of Everest Group from a “buy” rating to a “hold” rating and boosted their price objective for the company from $420.00 to $429.00 in a research note on Tuesday, November 26th. BMO Capital Markets lowered shares of Everest Group from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $453.00 to $375.00 in a research report on Thursday, January 30th. Morgan Stanley reiterated an “equal weight” rating and set a $340.00 target price (down from $425.00) on shares of Everest Group in a research report on Wednesday, February 5th. TD Cowen dropped their target price on shares of Everest Group from $444.00 to $419.00 and set a “hold” rating for the company in a research report on Monday, November 18th. Finally, Barclays boosted their price objective on shares of Everest Group from $461.00 to $470.00 and gave the stock an “overweight” rating in a report on Tuesday, February 4th. 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, the stock currently has a consensus rating of “Hold” and an average price target of $416.50.

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.