Everest Group, Ltd. (NYSE:EG) Shares Sold by NFC Investments LLC

NFC Investments LLC decreased its position in Everest Group, Ltd. (NYSE:EG) by 0.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 30,410 shares of the company’s stock after selling 35 shares during the period. Everest Group makes up 3.0% of NFC Investments LLC’s investment portfolio, making the stock its 13th largest position. NFC Investments LLC’s holdings in Everest Group were worth $11,022,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in EG. Oppenheimer & Co. Inc. grew its position in shares of Everest Group by 1.2% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 6,257 shares of the company’s stock worth $2,452,000 after acquiring an additional 76 shares in the last quarter. CIBC Asset Management Inc grew its position in shares of Everest Group by 7.9% in the 3rd quarter. CIBC Asset Management Inc now owns 6,309 shares of the company’s stock worth $2,472,000 after acquiring an additional 460 shares in the last quarter. Empowered Funds LLC grew its position in shares of Everest Group by 290.5% in the 3rd quarter. Empowered Funds LLC now owns 9,622 shares of the company’s stock worth $3,770,000 after acquiring an additional 7,158 shares in the last quarter. Mutual of America Capital Management LLC grew its position in shares of Everest Group by 17.0% in the 3rd quarter. Mutual of America Capital Management LLC now owns 19,962 shares of the company’s stock worth $7,822,000 after acquiring an additional 2,900 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its position in shares of Everest Group by 27.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 29,559 shares of the company’s stock worth $11,582,000 after acquiring an additional 6,430 shares in the last quarter. Institutional investors and hedge funds own 92.64% of the company’s stock.

Everest Group Trading Up 2.8 %

Shares of EG stock opened at $359.35 on Monday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.40 and a current ratio of 0.40. Everest Group, Ltd. has a 1 year low of $327.37 and a 1 year high of $407.30. The stock has a fifty day moving average of $351.55 and a two-hundred day moving average of $368.29. The firm has a market capitalization of $15.43 billion, a PE ratio of 11.44, a price-to-earnings-growth ratio of 0.24 and a beta of 0.61.

Everest Group (NYSE:EG) last announced its quarterly earnings results on Monday, February 3rd. The company reported ($18.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $11.64 by ($30.03). Everest Group had a return on equity of 9.04% and a net margin of 7.95%. As a group, research analysts expect that Everest Group, Ltd. will post 47.93 EPS for the current year.

Everest Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 17th will be paid a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date of this dividend is Monday, March 17th. Everest Group’s dividend payout ratio is presently 25.47%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Barclays boosted their price objective on Everest Group from $461.00 to $470.00 and gave the company an “overweight” rating in a research report on Tuesday, February 4th. Morgan Stanley restated an “equal weight” rating and set a $340.00 price objective (down previously from $425.00) on shares of Everest Group in a research report on Wednesday, February 5th. Wells Fargo & Company reduced their price objective on Everest Group from $390.00 to $380.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. BMO Capital Markets lowered Everest Group from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $453.00 to $375.00 in a research report on Thursday, January 30th. Finally, TD Cowen reduced their price objective on Everest Group from $444.00 to $419.00 and set a “hold” rating for the company in a research report on Monday, November 18th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Everest Group has an average rating of “Hold” and an average price target of $416.50.

Everest Group Company 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.