PNC Financial Services Group Inc. bought a new position in Everest Group, Ltd. (NYSE:EG – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 4,066 shares of the company’s stock, valued at approximately $1,438,000.
Other large investors have also added to or reduced their stakes in the company. Allworth Financial LP bought a new stake in shares of Everest Group during the 4th quarter valued at about $25,000. Avior Wealth Management LLC bought a new stake in shares of Everest Group during the 4th quarter valued at about $25,000. Headlands Technologies LLC bought a new stake in shares of Everest Group during the 4th quarter valued at about $25,000. Janiczek Wealth Management LLC bought a new stake in shares of Everest Group during the 4th quarter valued at about $27,000. Finally, Trifecta Capital Advisors LLC bought a new stake in shares of Everest Group during the 4th quarter valued at about $28,000. Institutional investors own 92.64% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on EG shares. Keefe, Bruyette & Woods raised their price objective on Everest Group from $445.00 to $457.00 and gave the company an “outperform” rating in a report on Wednesday, April 10th. Morgan Stanley decreased their price objective on Everest Group from $466.00 to $450.00 and set an “overweight” rating on the stock in a report on Monday, April 15th. Citigroup cut Everest Group from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $452.00 to $375.00 in a report on Monday, February 12th. Finally, Wells Fargo & Company decreased their price objective on Everest Group from $402.00 to $397.00 and set an “equal weight” rating on the stock in a report on Thursday, April 11th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $432.11.
Check Out Our Latest Analysis on Everest Group
Everest Group Price Performance
Shares of Everest Group stock opened at $388.42 on Wednesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.38 and a quick ratio of 0.38. The business’s 50 day simple moving average is $379.44 and its two-hundred day simple moving average is $377.82. The stock has a market capitalization of $16.88 billion, a P/E ratio of 5.77, a price-to-earnings-growth ratio of 3.43 and a beta of 0.57. Everest Group, Ltd. has a one year low of $331.08 and a one year high of $417.92.
Everest Group (NYSE:EG – Get Free Report) last issued its quarterly earnings data on Monday, April 29th. The company reported $16.32 earnings per share for the quarter, topping analysts’ consensus estimates of $15.98 by $0.34. The firm had revenue of $4.13 billion for the quarter, compared to analyst estimates of $4.05 billion. Everest Group had a return on equity of 24.86% and a net margin of 18.69%. The business’s quarterly revenue was up 25.8% compared to the same quarter last year. During the same period last year, the company earned $11.31 EPS. Analysts forecast that Everest Group, Ltd. will post 61.65 EPS for the current year.
Everest Group Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Wednesday, May 29th will be given a $2.00 dividend. This is a positive change from Everest Group’s previous quarterly dividend of $1.75. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date is Wednesday, May 29th. Everest Group’s dividend payout ratio (DPR) is currently 10.40%.
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.
Recommended Stories
Receive News & Ratings for Everest Group Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Everest Group and related companies with MarketBeat.com’s FREE daily email newsletter.
Source: defenseworld.net
