Everest Group, Ltd. $EG Shares Sold by Signaturefd LLC

Signaturefd LLC lowered its position in shares of Everest Group, Ltd. (NYSE:EG) by 32.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 223 shares of the company’s stock after selling 106 shares during the quarter. Signaturefd LLC’s holdings in Everest Group were worth $76,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Truist Financial Corp lifted its position in shares of Everest Group by 16.9% in the 1st quarter. Truist Financial Corp now owns 108,596 shares of the company’s stock valued at $39,456,000 after acquiring an additional 15,660 shares in the last quarter. Fifth Third Bancorp grew its stake in Everest Group by 18.1% during the 1st quarter. Fifth Third Bancorp now owns 1,151 shares of the company’s stock valued at $418,000 after acquiring an additional 176 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Everest Group by 12.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 172,718 shares of the company’s stock valued at $62,753,000 after purchasing an additional 18,780 shares during the period. Wedge Capital Management L L P NC lifted its position in shares of Everest Group by 14.3% in the first quarter. Wedge Capital Management L L P NC now owns 9,871 shares of the company’s stock worth $3,586,000 after purchasing an additional 1,235 shares in the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of Everest Group by 127.3% during the 1st quarter. SG Americas Securities LLC now owns 5,842 shares of the company’s stock valued at $2,123,000 after acquiring an additional 3,272 shares in the last quarter. 92.64% of the stock is currently owned by institutional investors.

Everest Group Trading Up 1.6%

NYSE EG opened at $356.78 on Monday. 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 12 month low of $320.00 and a 12 month high of $407.30. The company has a market capitalization of $14.96 billion, a PE ratio of 18.94, a P/E/G ratio of 0.26 and a beta of 0.48. The stock has a 50-day simple moving average of $339.34 and a 200 day simple moving average of $342.51.

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

Everest Group Announces Dividend

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 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Wednesday, September 3rd. Everest Group’s dividend payout ratio (DPR) is currently 42.46%.

Analyst Ratings Changes

A number of research firms have recently weighed in on EG. Evercore ISI raised their price target on shares of Everest Group from $380.00 to $384.00 and gave the company an “in-line” rating in a report on Wednesday. Barclays boosted their price target on Everest Group from $394.00 to $398.00 and gave the stock an “overweight” rating in a research report on Monday, July 7th. Citigroup assumed coverage on Everest Group in a report on Wednesday, August 13th. They issued a “neutral” rating and a $362.00 target price for the company. Wells Fargo & Company reissued a “mixed” rating on shares of Everest Group in a research report on Monday, August 4th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Everest Group from $405.00 to $416.00 and gave the company an “outperform” rating in a research note on Wednesday, August 6th. Six analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $386.67.

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.