2,227 Everest Group, Ltd. $EG Shares Purchased by Sterling Capital Management LLC

Sterling Capital Management LLC increased its stake in shares of Everest Group, Ltd. (NYSE:EG) by 187.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 3,417 shares of the company’s stock after purchasing an additional 2,227 shares during the period. Sterling Capital Management LLC’s holdings in Everest Group were worth $1,248,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of Everest Group in the 2nd quarter worth $1,150,555,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Everest Group during the second quarter worth about $350,718,000. William Blair Investment Management LLC acquired a new position in shares of Everest Group during the second quarter worth about $171,426,000. Hsbc Holdings PLC raised its holdings in Everest Group by 507.4% during the first quarter. Hsbc Holdings PLC now owns 449,919 shares of the company’s stock worth $147,102,000 after purchasing an additional 375,846 shares in the last quarter. Finally, Donald Smith & CO. Inc. purchased a new position in Everest Group during the second quarter worth about $153,206,000. 92.64% of the stock is currently owned by hedge funds and other institutional investors.

Everest Group Stock Down 0.3%

EG stock opened at $397.50 on Tuesday. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.23. The company’s 50-day moving average price is $376.08 and its 200 day moving average price is $351.87. Everest Group, Ltd. has a 52 week low of $302.44 and a 52 week high of $409.82. The company has a market cap of $15.24 billion, a P/E ratio of 8.41, a P/E/G ratio of 0.59 and a beta of 0.26.

Everest Group (NYSE:EG) last issued its earnings results on Tuesday, June 30th. The company reported $14.85 earnings per share (EPS) for the quarter. The company had revenue of $3.96 billion during the quarter. Everest Group had a net margin of 11.41% and a return on equity of 13.63%. On average, research analysts expect that Everest Group, Ltd. will post 53.69 earnings per share for the current fiscal year.

Everest Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Wednesday, September 9th were issued a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Wednesday, September 9th. Everest Group’s payout ratio is 16.92%.

Wall Street Analyst Weigh In

EG has been the topic of a number of analyst reports. Cantor Fitzgerald lifted their price objective on Everest Group from $344.00 to $390.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. UBS Group increased their target price on Everest Group from $374.00 to $395.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. Atlantic Securities set a $484.00 price target on Everest Group in a report on Wednesday, July 15th. Morgan Stanley raised their price target on Everest Group from $355.00 to $360.00 and gave the company an “equal weight” rating in a report on Monday, July 6th. Finally, Citigroup lifted their price target on Everest Group from $395.00 to $415.00 and gave the company a “neutral” rating in a research note on Friday, July 31st. Six analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $407.94.

Everest Group Company Profile

Everest Group, Ltd. is a global insurance and reinsurance company that provides property and casualty coverage to businesses, institutions, and other insurers. Its operations focus on assuming and managing risks through reinsurance, as well as offering insurance products in selected specialty and commercial markets.

The company’s reinsurance business supports insurers across lines such as property, casualty, specialty, and other risks. Through its insurance platform, Everest provides coverage for commercial customers and specialty exposures, including property, casualty, professional liability, and other products that may vary by market.