Credit Capital Investments LLC Buys New Shares in Everest Group, Ltd. (NYSE:EG)

Credit Capital Investments LLC acquired a new stake in shares of Everest Group, Ltd. (NYSE:EG) during the 4th quarter, Holdings Channel reports. The fund acquired 900 shares of the company’s stock, valued at approximately $326,000. Everest Group accounts for 0.4% of Credit Capital Investments LLC’s portfolio, making the stock its 24th largest holding.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. World Investment Advisors LLC bought a new position in shares of Everest Group during the 3rd quarter valued at approximately $120,564,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Everest Group by 442.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 308,155 shares of the company’s stock worth $120,744,000 after purchasing an additional 251,337 shares during the period. Raymond James Financial Inc. purchased a new position in Everest Group during the 4th quarter valued at $48,290,000. Truist Financial Corp grew its holdings in shares of Everest Group by 7,580.7% in the fourth quarter. Truist Financial Corp now owns 92,936 shares of the company’s stock worth $33,686,000 after purchasing an additional 91,726 shares during the last quarter. Finally, FMR LLC increased its position in shares of Everest Group by 21.5% during the third quarter. FMR LLC now owns 410,861 shares of the company’s stock worth $160,988,000 after acquiring an additional 72,822 shares during the period. 92.64% of the stock is owned by institutional investors.

Everest Group Price Performance

Everest Group stock opened at $359.54 on Wednesday. The company has a fifty day simple moving average of $351.40 and a 200-day simple moving average of $367.89. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.26. The stock has a market cap of $15.44 billion, a P/E ratio of 11.45, a price-to-earnings-growth ratio of 0.24 and a beta of 0.61. Everest Group, Ltd. has a 12-month low of $327.37 and a 12-month high of $407.30.

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

Everest Group Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on EG. Morgan Stanley reaffirmed an “equal weight” rating and issued a $340.00 price target (down previously from $425.00) on shares of Everest Group in a research report on Wednesday, February 5th. Barclays lifted their target price on shares of Everest Group from $461.00 to $470.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 4th. 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 note on Tuesday, January 14th. Keefe, Bruyette & Woods upped their price target on shares of Everest Group from $420.00 to $434.00 and gave the company an “outperform” rating in a report on Friday, January 10th. Finally, Jefferies Financial Group cut shares of Everest Group from a “buy” rating to a “hold” rating and boosted their target price for the company from $420.00 to $429.00 in a research note on Tuesday, November 26th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Everest Group presently has a consensus rating of “Hold” and an average target price 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.