752 Shares in Everest Group, Ltd. (NYSE:EG) Acquired by Waterway Wealth Management LLC

Waterway Wealth Management LLC bought a new position in Everest Group, Ltd. (NYSE:EG) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 752 shares of the company’s stock, valued at approximately $295,000.

Other institutional investors and hedge funds have also modified their holdings of the company. American National Bank purchased a new position in shares of Everest Group during the 2nd quarter worth $27,000. M&R Capital Management Inc. purchased a new position in shares of Everest Group during the 3rd quarter worth $29,000. Bruce G. Allen Investments LLC boosted its stake in shares of Everest Group by 200.0% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 78 shares of the company’s stock worth $31,000 after acquiring an additional 52 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its stake in shares of Everest Group by 36.9% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 115 shares of the company’s stock worth $44,000 after acquiring an additional 31 shares during the last quarter. Finally, American National Bank & Trust boosted its stake in shares of Everest Group by 80.0% during the 3rd quarter. American National Bank & Trust now owns 126 shares of the company’s stock worth $49,000 after acquiring an additional 56 shares during the last quarter. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Analysts Set New Price Targets

EG has been the topic of several analyst reports. BMO Capital Markets reiterated a “market perform” rating and set a $403.00 price target on shares of Everest Group in a research note on Friday, August 30th. Barclays initiated coverage on shares of Everest Group in a research note on Wednesday, September 4th. They set an “overweight” rating and a $527.00 price target on the stock. Keefe, Bruyette & Woods decreased their price objective on shares of Everest Group from $454.00 to $438.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Bank of America decreased their price objective on shares of Everest Group from $496.00 to $485.00 and set a “buy” rating on the stock in a research report on Thursday, October 10th. Finally, UBS Group upgraded shares of Everest Group to a “hold” rating in a research report on Wednesday, October 9th. Five investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Everest Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $439.27.

Everest Group Stock Performance

Everest Group stock opened at $386.61 on Tuesday. Everest Group, Ltd. has a twelve month low of $343.76 and a twelve month high of $417.92. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.24. The company’s 50-day moving average price is $386.18 and its 200-day moving average price is $380.37. The company has a market cap of $16.65 billion, a PE ratio of 5.71, a price-to-earnings-growth ratio of 2.70 and a beta of 0.61.

Everest Group (NYSE:EG) last released its quarterly earnings results on Wednesday, July 31st. The company reported $16.85 EPS for the quarter, missing analysts’ consensus estimates of $16.97 by ($0.12). The firm had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.32 billion. Everest Group had a return on equity of 24.09% and a net margin of 18.36%. Everest Group’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same period in the prior year, the firm posted $15.21 earnings per share. On average, equities research analysts forecast that Everest Group, Ltd. will post 60.97 EPS for the current fiscal year.

Everest Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 16th were given a $2.00 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $8.00 annualized dividend and a yield of 2.07%. Everest Group’s dividend payout ratio (DPR) is 11.81%.

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.