Hancock Whitney Corp Purchases 96 Shares of Everest Group, Ltd. (NYSE:EG)

Hancock Whitney Corp lifted its position in shares of Everest Group, Ltd. (NYSE:EG) by 0.2% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 42,895 shares of the company’s stock after buying an additional 96 shares during the quarter. Hancock Whitney Corp’s holdings in Everest Group were worth $16,344,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Transatlantique Private Wealth LLC lifted its holdings in Everest Group by 2.4% in the 2nd quarter. Transatlantique Private Wealth LLC now owns 2,110 shares of the company’s stock worth $799,000 after purchasing an additional 50 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of Everest Group by 209.4% in the second quarter. Thrivent Financial for Lutherans now owns 23,129 shares of the company’s stock worth $8,812,000 after buying an additional 15,653 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of Everest Group by 27.7% during the second quarter. Pacer Advisors Inc. now owns 3,783 shares of the company’s stock worth $1,441,000 after acquiring an additional 821 shares during the last quarter. WealthTrust Asset Management LLC grew its stake in Everest Group by 1.7% during the second quarter. WealthTrust Asset Management LLC now owns 2,770 shares of the company’s stock valued at $1,055,000 after acquiring an additional 45 shares in the last quarter. Finally, Intech Investment Management LLC increased its holdings in shares of Everest Group by 2.4% in the second quarter. Intech Investment Management LLC now owns 24,158 shares of the company’s stock worth $9,205,000 after purchasing an additional 562 shares during the last quarter. Institutional investors own 92.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on EG shares. Keefe, Bruyette & Woods decreased their target price on shares of Everest Group from $454.00 to $438.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Bank of America raised their price objective on Everest Group from $470.00 to $493.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Barclays started coverage on Everest Group in a research report on Wednesday, September 4th. They set an “overweight” rating and a $527.00 target price on the stock. Wells Fargo & Company upped their price target on shares of Everest Group from $392.00 to $393.00 and gave the company an “equal weight” rating in a report on Monday, August 12th. Finally, Morgan Stanley decreased their price target on Everest Group from $450.00 to $445.00 and set an “overweight” rating for the company in a research note on Wednesday, July 10th. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Everest Group presently has an average rating of “Moderate Buy” and an average price target of $438.09.

Everest Group Stock Down 0.2 %

Shares of EG stock opened at $387.50 on Friday. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.24. Everest Group, Ltd. has a twelve month low of $343.76 and a twelve month high of $417.92. The stock has a 50 day moving average of $381.70 and a 200 day moving average of $379.89. The stock has a market cap of $16.77 billion, a P/E ratio of 5.76, a P/E/G ratio of 2.71 and a beta of 0.62.

Everest Group (NYSE:EG) last released its quarterly earnings results 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 analyst estimates of $4.32 billion. Everest Group had a return on equity of 24.09% and a net margin of 18.36%. The business’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same period in the previous year, the company posted $15.21 EPS. As a group, sell-side analysts expect that Everest Group, Ltd. will post 61.66 EPS for the current year.

Everest Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Monday, September 16th will be issued a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend is Monday, September 16th. Everest Group’s payout ratio is presently 11.89%.

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.