Sacks & Associates LLC Purchases New Holdings in Everest Group, Ltd. $EG

Sacks & Associates LLC acquired a new position in Everest Group, Ltd. (NYSE:EG) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 2,103 shares of the company’s stock, valued at approximately $768,000.

Several other large investors also recently added to or reduced their stakes in EG. CX Institutional boosted its position in shares of Everest Group by 5.7% in the third quarter. CX Institutional now owns 596 shares of the company’s stock worth $218,000 after buying an additional 32 shares during the period. Baird Financial Group Inc. raised its position in Everest Group by 2.6% during the second quarter. Baird Financial Group Inc. now owns 1,317 shares of the company’s stock valued at $470,000 after buying an additional 33 shares during the period. MBA Advisors LLC lifted its stake in Everest Group by 5.4% in the 2nd quarter. MBA Advisors LLC now owns 666 shares of the company’s stock worth $238,000 after acquiring an additional 34 shares in the last quarter. V Square Quantitative Management LLC lifted its stake in Everest Group by 4.0% in the 1st quarter. V Square Quantitative Management LLC now owns 968 shares of the company’s stock worth $316,000 after acquiring an additional 37 shares in the last quarter. Finally, Tred Avon Family Wealth LLC boosted its position in Everest Group by 6.5% during the 1st quarter. Tred Avon Family Wealth LLC now owns 657 shares of the company’s stock worth $215,000 after acquiring an additional 40 shares during the period. 92.64% of the stock is owned by institutional investors and hedge funds.

Everest Group Stock Performance

EG stock opened at $368.29 on Friday. The firm has a 50 day moving average of $372.06 and a two-hundred day moving average of $357.12. Everest Group, Ltd. has a 12 month low of $302.44 and a 12 month high of $401.07. The company has a market capitalization of $14.12 billion, a price-to-earnings ratio of 7.79, a P/E/G ratio of 0.56 and a beta of 0.26. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.23.

Everest Group (NYSE:EG) last released its quarterly earnings data on Tuesday, June 30th. The company reported $14.85 earnings per share (EPS) for the quarter. The business 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%. As a group, equities analysts anticipate that Everest Group, Ltd. will post 53.82 EPS 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 paid a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Wednesday, September 9th. Everest Group’s dividend payout ratio is 16.92%.

Analysts Set New Price Targets

EG has been the topic of a number of research reports. Royal Bank Of Canada initiated coverage on Everest Group in a report on Tuesday, September 22nd. They issued an “outperform” rating and a $455.00 target price on the stock. Morgan Stanley upped their price objective on shares of Everest Group from $355.00 to $360.00 and gave the company an “equal weight” rating in a research note on Monday, July 6th. Evercore set a $377.00 target price on shares of Everest Group in a research report on Thursday, July 30th. Barclays boosted their price target on shares of Everest Group from $420.00 to $430.00 and gave the company an “overweight” rating in a report on Thursday, July 30th. Finally, Wells Fargo & Company upped their price target on shares of Everest Group from $373.00 to $396.00 and gave the stock an “equal weight” rating in a research note on Friday, July 31st. Five analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $408.38.

Everest Group Company Profile

Everest Group, Ltd. is a global specialty insurance and reinsurance company headquartered in Hamilton, Bermuda. The company provides risk-management and underwriting solutions to businesses, institutions, and insurance companies through its insurance and reinsurance operations.

Everest’s products and services include property and casualty insurance, specialty insurance, and reinsurance coverage. Its offerings address a range of risks, including property, casualty, workers’ compensation, professional liability, marine, aviation, accident and health, and other specialty exposures.