Delphi Management Inc. MA Has $1.82 Million Holdings in Everest Group, Ltd. (NYSE:EG)

Delphi Management Inc. MA grew its position in Everest Group, Ltd. (NYSE:EG) by 1.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 4,773 shares of the company’s stock after acquiring an additional 60 shares during the quarter. Everest Group makes up about 1.5% of Delphi Management Inc. MA’s investment portfolio, making the stock its 19th largest holding. Delphi Management Inc. MA’s holdings in Everest Group were worth $1,819,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Cetera Investment Advisers increased its holdings in shares of Everest Group by 9.0% during the 2nd quarter. Cetera Investment Advisers now owns 5,316 shares of the company’s stock valued at $2,026,000 after acquiring an additional 437 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in shares of Everest Group during the 2nd quarter valued at about $921,000. Creative Planning increased its holdings in shares of Everest Group by 75.5% during the 2nd quarter. Creative Planning now owns 2,536 shares of the company’s stock valued at $966,000 after acquiring an additional 1,091 shares during the last quarter. Peloton Wealth Strategists acquired a new position in shares of Everest Group during the 2nd quarter valued at about $272,000. Finally, Susquehanna Fundamental Investments LLC bought a new stake in Everest Group during the 2nd quarter valued at approximately $8,798,000. 92.64% of the stock is owned by institutional investors and hedge funds.

Everest Group Trading Down 0.8 %

Shares of EG opened at $391.83 on Tuesday. Everest Group, Ltd. has a 1 year low of $343.76 and a 1 year high of $417.92. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.24. The stock has a 50 day simple moving average of $381.00 and a 200-day simple moving average of $380.44. The stock has a market cap of $16.87 billion, a PE ratio of 5.82, a PEG ratio of 2.67 and a beta of 0.62.

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

Everest Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 16th were issued a $2.00 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.04%. Everest Group’s payout ratio is presently 11.89%.

Analyst Ratings Changes

EG has been the subject of several recent analyst reports. Keefe, Bruyette & Woods decreased their target price on Everest Group from $454.00 to $438.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Morgan Stanley decreased their target price 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. Wells Fargo & Company raised their price objective on Everest Group from $392.00 to $393.00 and gave the stock an “equal weight” rating in a research report on Monday, August 12th. Bank of America raised their price objective on Everest Group from $470.00 to $493.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Finally, TD Cowen reduced their price objective on Everest Group from $419.00 to $405.00 and set a “hold” rating for the company in a research report on Tuesday, August 13th. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $438.09.

About Everest Group

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.