Everest Group, Ltd. $EG Shares Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. grew its position in shares of Everest Group, Ltd. (NYSE:EG) by 18.5% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 158,977 shares of the company’s stock after purchasing an additional 24,794 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.41% of Everest Group worth $58,054,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Trifecta Capital Advisors LLC acquired a new stake in shares of Everest Group in the second quarter valued at $29,000. Root Financial Partners LLC raised its holdings in shares of Everest Group by 70.1% in the 1st quarter. Root Financial Partners LLC now owns 165 shares of the company’s stock valued at $54,000 after buying an additional 68 shares during the period. USA Financial Formulas purchased a new stake in shares of Everest Group in the 3rd quarter valued at $77,000. Transamerica Financial Advisors LLC acquired a new position in Everest Group during the 2nd quarter worth about $80,000. Finally, Fortitude Family Office LLC lifted its stake in Everest Group by 718.5% during the 3rd quarter. Fortitude Family Office LLC now owns 221 shares of the company’s stock worth $81,000 after acquiring an additional 194 shares in the last quarter. 92.64% of the stock is currently owned by hedge funds and other institutional investors.

Everest Group Stock Performance

Shares of EG opened at $407.30 on Friday. Everest Group, Ltd. has a 1 year low of $302.44 and a 1 year high of $408.11. The stock has a market capitalization of $15.62 billion, a PE ratio of 8.61, a PEG ratio of 0.59 and a beta of 0.26. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.35 and a current ratio of 0.35. The stock has a 50-day simple moving average of $375.17 and a 200-day simple moving average of $361.30.

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

Everest Group Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts recently commented on EG shares. Evercore set a $377.00 target price on Everest Group in a report on Thursday, July 30th. TD Cowen lifted their target price on Everest Group from $365.00 to $385.00 and gave the company a “hold” rating in a research report on Wednesday, August 19th. Morgan Stanley boosted their price target on shares of Everest Group from $355.00 to $360.00 and gave the stock an “equal weight” rating in a research note on Monday, July 6th. Citigroup increased their price target on shares of Everest Group from $395.00 to $415.00 and gave the stock a “neutral” rating in a research report on Friday, July 31st. Finally, Rosenblatt Securities set a $455.00 price objective on shares of Everest Group in a research note on Tuesday, September 22nd. Six investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, Everest Group presently has an average rating of “Hold” and a consensus price target of $407.94.

Everest Group 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.