Everest Group, Ltd. (NYSE:EG) Shares Sold by Sei Investments Co.

Sei Investments Co. lowered its position in shares of Everest Group, Ltd. (NYSE:EG) by 1.4% in the second quarter, HoldingsChannel.com reports. The fund owned 93,773 shares of the company’s stock after selling 1,377 shares during the quarter. Sei Investments Co.’s holdings in Everest Group were worth $35,728,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of EG. American National Bank acquired a new position in Everest Group in the 2nd quarter worth approximately $27,000. Massmutual Trust Co. FSB ADV purchased a new stake in shares of Everest Group in the first quarter worth about $33,000. Heritage Wealth Advisors acquired a new stake in Everest Group during the fourth quarter worth about $30,000. FinTrust Capital Advisors LLC purchased a new position in Everest Group during the fourth quarter valued at approximately $33,000. Finally, Hollencrest Capital Management grew its stake in shares of Everest Group by 575.0% during the 1st quarter. Hollencrest Capital Management now owns 135 shares of the company’s stock worth $54,000 after purchasing an additional 115 shares during the period. 92.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Wells Fargo & Company upped their price objective on shares of Everest Group from $392.00 to $393.00 and gave the stock an “equal weight” rating in a research report on Monday, August 12th. BMO Capital Markets reiterated a “market perform” rating and issued a $403.00 target price on shares of Everest Group in a research report on Friday, August 30th. Keefe, Bruyette & Woods decreased their price target on shares of Everest Group from $454.00 to $438.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Barclays started coverage on Everest Group in a research report on Wednesday, September 4th. They set an “overweight” rating and a $527.00 price target for the company. Finally, Morgan Stanley decreased their price target on shares of Everest Group from $450.00 to $445.00 and set an “overweight” rating on the stock 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 MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $438.09.

Everest Group Trading Down 0.2 %

Shares of EG stock opened at $386.75 on Tuesday. The company has a 50-day moving average of $381.51 and a two-hundred day moving average of $380.19. The firm has a market cap of $16.81 billion, a PE ratio of 5.75, a price-to-earnings-growth ratio of 2.71 and a beta of 0.62. Everest Group, Ltd. has a 1-year low of $343.76 and a 1-year high of $417.92. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.38 and a quick ratio of 0.38.

Everest Group (NYSE:EG) last posted its earnings results on Wednesday, July 31st. The company reported $16.85 earnings per share for the quarter, missing the consensus estimate of $16.97 by ($0.12). Everest Group had a net margin of 18.36% and a return on equity of 24.09%. The company had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.32 billion. During the same quarter last year, the business posted $15.21 EPS. The firm’s revenue for the quarter was up 15.8% on a year-over-year basis. On average, analysts predict that Everest Group, Ltd. will post 61.66 EPS for the current year.

Everest Group Dividend Announcement

The firm 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 $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date of this dividend is Monday, September 16th. Everest Group’s dividend payout ratio (DPR) is currently 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.