Croban Acquires 92 Shares of Everest Group, Ltd. $EG

Croban increased its holdings in shares of Everest Group, Ltd. (NYSE:EG) by 4.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,260 shares of the company’s stock after buying an additional 92 shares during the quarter. Croban’s holdings in Everest Group were worth $768,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Flagship Harbor Advisors LLC lifted its position in shares of Everest Group by 3.7% during the 1st quarter. Flagship Harbor Advisors LLC now owns 843 shares of the company’s stock worth $306,000 after buying an additional 30 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. raised its position in Everest Group by 3.0% in the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 1,025 shares of the company’s stock valued at $372,000 after purchasing an additional 30 shares during the last quarter. Legacy Advisors LLC raised its position in Everest Group by 5.5% in the first quarter. Legacy Advisors LLC now owns 599 shares of the company’s stock valued at $218,000 after purchasing an additional 31 shares during the last quarter. Farther Finance Advisors LLC raised its position in Everest Group by 4.3% in the second quarter. Farther Finance Advisors LLC now owns 816 shares of the company’s stock valued at $277,000 after purchasing an additional 34 shares during the last quarter. Finally, Vontobel Holding Ltd. raised its position in Everest Group by 2.1% in the first quarter. Vontobel Holding Ltd. now owns 1,781 shares of the company’s stock valued at $647,000 after purchasing an additional 36 shares during the last quarter. 92.64% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Janney Montgomery Scott assumed coverage on Everest Group in a research report on Friday, June 20th. They issued a “buy” rating and a $425.00 target price for the company. Wells Fargo & Company increased their target price on Everest Group from $371.00 to $383.00 and gave the company an “equal weight” rating in a research report on Wednesday. UBS Group dropped their target price on Everest Group from $372.00 to $370.00 and set a “neutral” rating for the company in a research report on Wednesday, July 9th. Wolfe Research upgraded Everest Group to a “strong sell” rating in a research report on Tuesday, September 16th. Finally, Keefe, Bruyette & Woods increased their target price on Everest Group from $405.00 to $416.00 and gave the company an “outperform” rating in a research report on Wednesday, August 6th. Five investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $382.79.

Everest Group Trading Down 1.4%

NYSE EG opened at $346.99 on Friday. The business has a 50 day simple moving average of $341.74 and a 200 day simple moving average of $342.68. Everest Group, Ltd. has a one year low of $320.00 and a one year high of $401.82. The stock has a market capitalization of $14.55 billion, a P/E ratio of 18.42, a P/E/G ratio of 0.25 and a beta of 0.48. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.38 and a quick ratio of 0.38.

Everest Group (NYSE:EG) last released its earnings results on Wednesday, July 30th. The company reported $17.36 EPS for the quarter, topping the consensus estimate of $15.14 by $2.22. Everest Group had a return on equity of 5.89% and a net margin of 4.56%.The business had revenue of $4.49 billion during the quarter, compared to analysts’ expectations of $4.22 billion. During the same quarter last year, the firm posted $16.85 earnings per share. The firm’s revenue was up 6.2% on a year-over-year basis. Research analysts expect that Everest Group, Ltd. will post 47.93 earnings per share for the current year.

Everest Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Wednesday, September 3rd were paid a dividend of $2.00 per share. The ex-dividend date of this dividend was Wednesday, September 3rd. This represents a $8.00 annualized dividend and a yield of 2.3%. Everest Group’s dividend payout ratio (DPR) is currently 42.46%.

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.