D.A. Davidson & CO. Buys 698 Shares of Everest Group, Ltd. $EG

D.A. Davidson & CO. lifted its stake in shares of Everest Group, Ltd. (NYSE:EG) by 26.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,350 shares of the company’s stock after purchasing an additional 698 shares during the quarter. D.A. Davidson & CO.’s holdings in Everest Group were worth $1,139,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in EG. Perigon Wealth Management LLC grew its holdings in shares of Everest Group by 8.7% during the 1st quarter. Perigon Wealth Management LLC now owns 2,054 shares of the company’s stock valued at $746,000 after purchasing an additional 165 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Everest Group by 16.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,671 shares of the company’s stock valued at $1,691,000 after purchasing an additional 658 shares during the last quarter. Amalgamated Bank grew its holdings in shares of Everest Group by 1.1% during the 1st quarter. Amalgamated Bank now owns 8,488 shares of the company’s stock valued at $3,084,000 after purchasing an additional 95 shares during the last quarter. Vontobel Holding Ltd. grew its holdings in shares of Everest Group by 2.1% during the 1st quarter. Vontobel Holding Ltd. now owns 1,781 shares of the company’s stock valued at $647,000 after purchasing an additional 36 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Everest Group by 1.4% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,669 shares of the company’s stock valued at $1,696,000 after purchasing an additional 64 shares during the last quarter. 92.64% of the stock is owned by institutional investors.

Everest Group Stock Down 1.5%

Shares of NYSE EG opened at $343.71 on Tuesday. The company has a market capitalization of $14.42 billion, a P/E ratio of 18.24, a price-to-earnings-growth ratio of 0.24 and a beta of 0.48. Everest Group, Ltd. has a 52-week low of $320.00 and a 52-week high of $392.78. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.38 and a current ratio of 0.38. The company’s 50 day moving average price is $345.74 and its 200-day moving average price is $342.32.

Everest Group (NYSE:EG) last issued its quarterly earnings results on Monday, October 27th. The company reported $7.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $9.03 by ($1.49). Everest Group had a return on equity of 5.89% and a net margin of 4.56%.The firm had revenue of $4.32 billion during the quarter, compared to analyst estimates of $3.86 billion. During the same quarter last year, the firm posted $11.80 EPS. The firm’s revenue for the quarter was up .8% on a year-over-year basis. Equities analysts forecast that Everest Group, Ltd. will post 47.93 earnings per share for the current year.

Everest Group Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have weighed in on EG. Evercore ISI boosted their target price on shares of Everest Group from $380.00 to $384.00 and gave the stock an “in-line” rating in a report on Wednesday, October 1st. Citigroup began coverage on shares of Everest Group in a report on Wednesday, August 13th. They set a “neutral” rating and a $362.00 target price on the stock. Wall Street Zen raised shares of Everest Group from a “hold” rating to a “buy” rating in a report on Saturday. Barclays boosted their target price on shares of Everest Group from $405.00 to $430.00 and gave the stock an “overweight” rating in a report on Wednesday, October 8th. Finally, Raymond James Financial set a $375.00 target price on shares of Everest Group and gave the stock an “outperform” rating in a report on Monday, September 22nd. Five investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $382.79.

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.