TD Asset Management Inc Has $36.34 Million Holdings in Everest Group, Ltd. (NYSE:EG)

TD Asset Management Inc grew its position in shares of Everest Group, Ltd. (NYSE:EG) by 9.3% in the 2nd quarter, HoldingsChannel reports. The fund owned 95,376 shares of the company’s stock after buying an additional 8,139 shares during the period. TD Asset Management Inc’s holdings in Everest Group were worth $36,340,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. acquired a new position in Everest Group during the 4th quarter valued at about $1,886,055,000. Wellington Management Group LLP bought a new stake in Everest Group during the fourth quarter worth $751,457,000. Boston Partners raised its position in Everest Group by 29.1% in the 1st quarter. Boston Partners now owns 1,197,457 shares of the company’s stock valued at $475,750,000 after buying an additional 269,665 shares during the last quarter. Franklin Resources Inc. bought a new position in Everest Group during the 4th quarter valued at $373,130,000. Finally, Champlain Investment Partners LLC boosted its holdings in Everest Group by 5.3% during the 1st quarter. Champlain Investment Partners LLC now owns 906,100 shares of the company’s stock worth $360,175,000 after acquiring an additional 45,705 shares during the last quarter. 92.64% of the stock is currently owned by institutional investors.

Everest Group Price Performance

Shares of NYSE:EG opened at $383.39 on Friday. The firm has a market capitalization of $16.66 billion, a PE ratio of 5.70, a P/E/G ratio of 2.56 and a beta of 0.62. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.24. The company has a 50-day moving average price of $379.26 and a two-hundred day moving average price of $378.82. Everest Group, Ltd. has a twelve month low of $343.76 and a twelve month high of $417.92.

Everest Group (NYSE:EG) last released its quarterly earnings data on Wednesday, July 31st. The company reported $16.85 earnings per share for the quarter, missing analysts’ consensus estimates of $16.97 by ($0.12). The business had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.32 billion. Everest Group had a net margin of 18.36% and a return on equity of 24.09%. The firm’s quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $15.21 earnings per share. Equities analysts forecast that Everest Group, Ltd. will post 61.76 EPS for the current year.

Everest Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Monday, September 16th will be issued a dividend of $2.00 per share. The ex-dividend date is Monday, September 16th. This represents a $8.00 dividend on an annualized basis and a yield of 2.09%. Everest Group’s dividend payout ratio (DPR) is 11.89%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Morgan Stanley lowered their target price on shares of Everest Group from $450.00 to $445.00 and set an “overweight” rating for the company in a report on Wednesday, July 10th. Bank of America increased their price objective on shares of Everest Group from $470.00 to $493.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. BMO Capital Markets restated a “market perform” rating and issued a $403.00 target price on shares of Everest Group in a research note on Friday, August 30th. Barclays started coverage on Everest Group in a research report on Wednesday. They set an “overweight” rating and a $527.00 price target for the company. Finally, Keefe, Bruyette & Woods cut their price objective on Everest Group from $454.00 to $438.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Four analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $439.00.

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.