HFG Advisors Inc. Takes Position in Everest Group, Ltd. (NYSE:EG)

HFG Advisors Inc. bought a new stake in Everest Group, Ltd. (NYSE:EG) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 825 shares of the company’s stock, valued at approximately $328,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Allworth Financial LP purchased a new position in Everest Group during the 4th quarter valued at about $25,000. Avior Wealth Management LLC purchased a new position in Everest Group during the 4th quarter valued at about $25,000. Headlands Technologies LLC purchased a new position in Everest Group during the 4th quarter valued at about $25,000. Janiczek Wealth Management LLC purchased a new position in Everest Group during the 4th quarter valued at about $27,000. Finally, Trifecta Capital Advisors LLC purchased a new position in Everest Group during the 4th quarter valued at about $28,000. Institutional investors own 92.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Keefe, Bruyette & Woods boosted their price target 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 reduced their price target on Everest Group from $466.00 to $450.00 and set an “overweight” rating on the stock in a report on Monday, April 15th. Finally, Wells Fargo & Company reduced their target price 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 equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Everest Group has a consensus rating of “Moderate Buy” and a consensus target price of $432.11.

Everest Group Stock Down 0.7 %

Shares of Everest Group stock traded down $2.48 during midday trading on Monday, hitting $378.54. The company had a trading volume of 91,137 shares, compared to its average volume of 326,953. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.38 and a current ratio of 0.38. The stock has a market capitalization of $16.45 billion, a P/E ratio of 5.65, a P/E/G ratio of 3.34 and a beta of 0.63. The company has a 50 day moving average of $379.77 and a 200 day moving average of $374.81. Everest Group, Ltd. has a 52-week low of $333.65 and a 52-week high of $417.92.

Everest Group (NYSE:EG) last posted its quarterly earnings results on Monday, April 29th. The company reported $16.32 earnings per share for the quarter, topping the consensus estimate of $15.98 by $0.34. The company had revenue of $4.13 billion for the quarter, compared to the consensus estimate of $4.05 billion. Everest Group had a return on equity of 24.86% and a net margin of 18.69%. The firm’s quarterly revenue was up 25.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $11.31 EPS. On average, equities analysts predict that Everest Group, Ltd. will post 61.65 earnings per share for the current fiscal year.

Everest Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Wednesday, May 29th were paid a $2.00 dividend. The ex-dividend date of this dividend was Wednesday, May 29th. This represents a $8.00 annualized dividend and a dividend yield of 2.11%. This is an increase from Everest Group’s previous quarterly dividend of $1.75. Everest Group’s dividend payout ratio is presently 11.89%.

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.