Candriam S.C.A. Acquires 297 Shares of Everest Group, Ltd. $EG

Candriam S.C.A. increased its holdings in Everest Group, Ltd. (NYSE:EG) by 8.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,751 shares of the company’s stock after purchasing an additional 297 shares during the period. Candriam S.C.A.’s holdings in Everest Group were worth $1,275,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Everest Group by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 5,577,376 shares of the company’s stock worth $2,026,428,000 after buying an additional 17,346 shares in the last quarter. Vulcan Value Partners LLC raised its stake in Everest Group by 35.8% during the first quarter. Vulcan Value Partners LLC now owns 1,328,732 shares of the company’s stock worth $482,832,000 after acquiring an additional 350,019 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Everest Group by 0.5% during the second quarter. Geode Capital Management LLC now owns 1,211,474 shares of the company’s stock valued at $414,385,000 after acquiring an additional 6,217 shares during the period. Boston Partners lifted its holdings in shares of Everest Group by 3.3% during the first quarter. Boston Partners now owns 696,765 shares of the company’s stock valued at $253,150,000 after acquiring an additional 22,432 shares during the period. Finally, Altrinsic Global Advisors LLC boosted its stake in shares of Everest Group by 10.7% in the 1st quarter. Altrinsic Global Advisors LLC now owns 682,979 shares of the company’s stock valued at $248,147,000 after purchasing an additional 66,041 shares in the last quarter. 92.64% of the stock is owned by institutional investors and hedge funds.

Everest Group Stock Down 1.8%

Shares of EG opened at $320.40 on Tuesday. The business’s fifty day moving average price is $338.72 and its two-hundred day moving average price is $338.88. The firm has a market capitalization of $13.45 billion, a price-to-earnings ratio of 24.40, a PEG ratio of 0.25 and a beta of 0.47. Everest Group, Ltd. has a 52 week low of $302.44 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.

Everest Group (NYSE:EG) last released its earnings results on Monday, October 27th. The company reported $7.54 earnings per share for the quarter, missing analysts’ consensus estimates of $13.39 by ($5.85). The firm had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $3.86 billion. Everest Group had a return on equity of 3.81% and a net margin of 3.12%.The company’s revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $11.80 EPS. On average, analysts predict that Everest Group, Ltd. will post 47.93 earnings per share for the current year.

Everest Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Wednesday, November 26th will be paid a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Wednesday, November 26th. Everest Group’s dividend payout ratio (DPR) is 60.93%.

Insider Activity at Everest Group

In other Everest Group news, Director Allan Levine acquired 3,100 shares of Everest Group stock in a transaction on Wednesday, October 29th. The shares were purchased at an average cost of $306.08 per share, with a total value of $948,848.00. Following the completion of the purchase, the director owned 4,153 shares in the company, valued at $1,271,150.24. The trade was a 294.40% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director William F. Galtney, Jr. bought 11,385 shares of the company’s stock in a transaction on Wednesday, October 29th. The shares were acquired at an average price of $307.38 per share, with a total value of $3,499,521.30. Following the transaction, the director directly owned 45,491 shares in the company, valued at approximately $13,983,023.58. The trade was a 33.38% increase in their position. The SEC filing for this purchase provides additional information. 1.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on EG. Wells Fargo & Company cut their price target on shares of Everest Group from $383.00 to $343.00 and set an “equal weight” rating for the company in a report on Wednesday, October 29th. Wall Street Zen cut shares of Everest Group from a “buy” rating to a “hold” rating in a research note on Sunday, November 2nd. Cantor Fitzgerald raised Everest Group to a “hold” rating in a report on Wednesday, August 13th. Raymond James Financial reaffirmed an “outperform” rating and set a $350.00 price target on shares of Everest Group in a report on Monday, November 3rd. Finally, Keefe, Bruyette & Woods reduced their price objective on Everest Group from $424.00 to $400.00 and set an “outperform” rating on the stock in a research note on Thursday, October 30th. Five analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $368.77.

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.