Lmcg Investments LLC Has $10.87 Million Stock Position in Everest Group, Ltd. $EG

Lmcg Investments LLC lowered its stake in Everest Group, Ltd. (NYSE:EG) by 1.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,984 shares of the company’s stock after selling 353 shares during the period. Lmcg Investments LLC’s holdings in Everest Group were worth $10,870,000 at the end of the most recent quarter.

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

Everest Group Price Performance

EG stock opened at $346.99 on Friday. The stock has a market capitalization of $14.55 billion, a PE ratio of 18.42, a price-to-earnings-growth ratio of 0.25 and a beta of 0.48. The company’s 50-day moving average is $341.74 and its 200-day moving average is $342.68. 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, Ltd. has a 1 year low of $320.00 and a 1 year high of $401.82.

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

Everest Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Wednesday, September 3rd were given 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 dividend yield of 2.3%. Everest Group’s payout ratio is presently 42.46%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Cowen reaffirmed a “hold” rating on shares of Everest Group in a research note on Tuesday. Wolfe Research raised shares of Everest Group to a “strong sell” rating in a research note on Tuesday, September 16th. Cantor Fitzgerald raised shares of Everest Group to a “hold” rating in a research note on Wednesday, August 13th. Evercore ISI lifted their target price on shares of Everest Group from $380.00 to $384.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 1st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Everest Group in a research note on Wednesday. Five investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $382.79.

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.