Leuthold Group LLC Sells 546 Shares of Everest Group, Ltd. (NYSE:EG)

Leuthold Group LLC trimmed its stake in Everest Group, Ltd. (NYSE:EG) by 2.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,025 shares of the company’s stock after selling 546 shares during the period. Leuthold Group LLC’s holdings in Everest Group were worth $7,063,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of EG. SG Americas Securities LLC raised its stake in shares of Everest Group by 284.8% in the third quarter. SG Americas Securities LLC now owns 24,556 shares of the company’s stock valued at $9,622,000 after acquiring an additional 18,175 shares during the last quarter. Diversified Trust Co acquired a new position in Everest Group in the first quarter worth $1,621,000. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Everest Group by 163.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 4,772 shares of the company’s stock worth $1,897,000 after purchasing an additional 2,964 shares during the last quarter. Whittier Trust Co. acquired a new stake in shares of Everest Group in the first quarter valued at $1,505,000. Finally, Clearbridge Investments LLC raised its holdings in shares of Everest Group by 1.5% in the first quarter. Clearbridge Investments LLC now owns 289,439 shares of the company’s stock valued at $115,052,000 after buying an additional 4,412 shares during the last quarter. 92.64% of the stock is currently owned by institutional investors and hedge funds.

Everest Group Price Performance

NYSE EG opened at $381.61 on Monday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.38 and a current ratio of 0.38. The stock has a market cap of $16.58 billion, a price-to-earnings ratio of 5.64, a PEG ratio of 2.71 and a beta of 0.61. The business has a 50 day simple moving average of $387.31 and a 200 day simple moving average of $380.60. Everest Group, Ltd. has a 52-week low of $343.76 and a 52-week high of $417.92.

Everest Group (NYSE:EG) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $16.85 EPS for the quarter, missing analysts’ consensus estimates of $16.97 by ($0.12). The company had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.32 billion. Everest Group had a return on equity of 24.09% and a net margin of 18.36%. The company’s revenue was up 15.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $15.21 earnings per share. Analysts anticipate that Everest Group, Ltd. will post 60.97 earnings per share for the current fiscal year.

Everest Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 16th were issued a dividend of $2.00 per share. The ex-dividend date was Monday, September 16th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.10%. Everest Group’s payout ratio is presently 11.89%.

Analyst Upgrades and Downgrades

EG has been the subject of several research reports. UBS Group upgraded shares of Everest Group to a “hold” rating in a research report on Wednesday, October 9th. Jefferies Financial Group upped their target price on shares of Everest Group from $440.00 to $457.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Morgan Stanley lowered their price target on shares of Everest Group from $450.00 to $445.00 and set an “overweight” rating for the company in a research report on Wednesday, July 10th. Wells Fargo & Company increased their price objective on shares of Everest Group from $393.00 to $406.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. Finally, TD Cowen lowered their target price on shares of Everest Group from $419.00 to $405.00 and set a “hold” rating for the company in a report on Tuesday, August 13th. Five equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $439.27.

Everest Group 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.