Everest Group, Ltd. $EG Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue lowered its stake in Everest Group, Ltd. (NYSE:EG) by 3.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,669 shares of the company’s stock after selling 255 shares during the quarter. State of Alaska Department of Revenue’s holdings in Everest Group were worth $2,265,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of EG. SVB Wealth LLC acquired a new position in Everest Group in the first quarter valued at about $30,000. Tsfg LLC acquired a new position in Everest Group in the first quarter valued at about $33,000. Zions Bancorporation National Association UT acquired a new position in Everest Group in the first quarter valued at about $34,000. WPG Advisers LLC acquired a new position in Everest Group in the first quarter valued at about $37,000. Finally, Bruce G. Allen Investments LLC lifted its position in Everest Group by 79.1% in the first quarter. Bruce G. Allen Investments LLC now owns 154 shares of the company’s stock valued at $56,000 after buying an additional 68 shares during the last quarter. Institutional investors and hedge funds own 92.64% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on EG shares. Evercore ISI boosted their price target on shares of Everest Group from $380.00 to $384.00 and gave the stock an “in-line” rating in a research note on Wednesday. UBS Group cut their price target on shares of Everest Group from $372.00 to $370.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 9th. Cantor Fitzgerald upgraded shares of Everest Group to a “hold” rating in a research note on Wednesday, August 13th. Raymond James Financial set a $375.00 price target on shares of Everest Group and gave the stock an “outperform” rating in a research note on Monday, September 22nd. Finally, Barclays boosted their price target on shares of Everest Group from $394.00 to $398.00 and gave the stock an “overweight” rating in a research note on Monday, July 7th. Six research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $386.67.

Everest Group Stock Performance

Shares of Everest Group stock opened at $350.97 on Friday. The firm has a market capitalization of $14.72 billion, a P/E ratio of 18.63, a P/E/G ratio of 0.26 and a beta of 0.48. Everest Group, Ltd. has a 52 week low of $320.00 and a 52 week high of $407.30. 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 firm’s 50 day moving average is $338.94 and its two-hundred day moving average is $342.72.

Everest Group (NYSE:EG) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $17.36 EPS for the quarter, beating the consensus estimate of $15.14 by $2.22. The company had revenue of $4.49 billion for the quarter, compared to analyst estimates of $4.22 billion. Everest Group had a net margin of 4.56% and a return on equity of 5.89%. The firm’s revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the firm posted $16.85 earnings per share. Research analysts forecast that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Everest Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Wednesday, September 3rd were paid a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 2.3%. The ex-dividend date was Wednesday, September 3rd. Everest Group’s dividend payout ratio is currently 42.46%.

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.