1,381 Shares in Everest Group, Ltd. (NYSE:EG) Bought by Principal Securities Inc.

Principal Securities Inc. purchased a new stake in shares of Everest Group, Ltd. (NYSE:EGFree Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,381 shares of the company’s stock, valued at approximately $488,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Allworth Financial LP bought a new position in Everest Group in the 4th quarter worth $25,000. Avior Wealth Management LLC bought a new position in Everest Group in the fourth quarter worth about $25,000. Headlands Technologies LLC purchased a new stake in Everest Group in the fourth quarter worth about $25,000. Janiczek Wealth Management LLC bought a new stake in Everest Group during the 4th quarter valued at approximately $27,000. Finally, Trifecta Capital Advisors LLC purchased a new position in shares of Everest Group during the 4th quarter worth approximately $28,000. 92.64% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on EG shares. 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 research note on Monday, April 15th. Wells Fargo & Company decreased their price target on shares of Everest Group from $402.00 to $397.00 and set an “equal weight” rating for the company in a research note on Thursday, April 11th. Keefe, Bruyette & Woods boosted their price objective on shares of Everest Group from $445.00 to $457.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 10th. Finally, Citigroup downgraded shares of Everest Group from a “buy” rating to a “neutral” rating and decreased their target price for the company from $452.00 to $375.00 in a research note on Monday, February 12th. Three 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.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $432.11.

Read Our Latest Stock Analysis on Everest Group

Everest Group Stock Down 0.6 %

Everest Group stock opened at $378.76 on Wednesday. Everest Group, Ltd. has a one year low of $331.08 and a one year high of $417.92. The stock has a fifty day moving average of $377.69 and a 200 day moving average of $377.63. 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 cap of $16.46 billion, a PE ratio of 5.63, a price-to-earnings-growth ratio of 3.34 and a beta of 0.57.

Everest Group (NYSE:EGGet Free Report) last released its quarterly earnings results on Monday, April 29th. The company reported $16.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $15.98 by $0.34. Everest Group had a return on equity of 24.86% and a net margin of 18.69%. The business had revenue of $4.13 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same period in the previous year, the company posted $11.31 EPS. The business’s quarterly revenue was up 25.8% compared to the same quarter last year. As a group, sell-side analysts predict that Everest Group, Ltd. will post 61.64 EPS for the current year.

Everest Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Tuesday, March 19th were given a $1.75 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $7.00 annualized dividend and a yield of 1.85%. Everest Group’s payout ratio is presently 10.40%.

Everest Group Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Everest Group (NYSE:EG)

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