Croban Has $768,000 Stock Position in Everest Group, Ltd. $EG

Croban increased its position in Everest Group, Ltd. (NYSE:EG) by 4.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,260 shares of the company’s stock after purchasing an additional 92 shares during the quarter. Croban’s holdings in Everest Group were worth $768,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EG. Farther Finance Advisors LLC increased its position in Everest Group by 305.2% in the first quarter. Farther Finance Advisors LLC now owns 782 shares of the company’s stock worth $286,000 after purchasing an additional 589 shares during the period. Simplicity Wealth LLC acquired a new stake in Everest Group in the first quarter worth about $226,000. SG Americas Securities LLC increased its position in Everest Group by 127.3% in the first quarter. SG Americas Securities LLC now owns 5,842 shares of the company’s stock worth $2,123,000 after purchasing an additional 3,272 shares during the period. Handelsbanken Fonder AB increased its position in Everest Group by 0.8% in the first quarter. Handelsbanken Fonder AB now owns 6,416 shares of the company’s stock worth $2,331,000 after purchasing an additional 48 shares during the period. Finally, Assenagon Asset Management S.A. increased its position in Everest Group by 6.1% in the first quarter. Assenagon Asset Management S.A. now owns 1,220 shares of the company’s stock worth $443,000 after purchasing an additional 70 shares during the period. 92.64% of the stock is currently owned by institutional investors and hedge funds.

Everest Group Trading Down 1.4%

NYSE EG opened at $346.99 on Friday. Everest Group, Ltd. has a 52 week low of $320.00 and a 52 week high of $401.82. The stock has a market capitalization of $14.55 billion, a price-to-earnings ratio of 18.42, a PEG ratio of 0.25 and a beta of 0.48. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.38 and a current ratio of 0.38. The stock’s 50 day moving average price is $341.74 and its two-hundred day moving average price is $342.68.

Everest Group (NYSE:EG) last announced 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 return on equity of 5.89% and a net margin of 4.56%.The business’s revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $16.85 EPS. As a group, analysts anticipate that Everest Group, Ltd. will post 47.93 earnings per share for the current fiscal year.

Everest Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Wednesday, September 3rd were issued a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Wednesday, September 3rd. Everest Group’s dividend payout ratio is currently 42.46%.

Analyst Ratings Changes

A number of brokerages recently commented on EG. Wolfe Research upgraded Everest Group to a “strong sell” rating in a research report on Tuesday, September 16th. Weiss Ratings restated a “hold (c)” rating on shares of Everest Group in a report on Wednesday. Janney Montgomery Scott assumed coverage on Everest Group in a report on Friday, June 20th. They set a “buy” rating and a $425.00 target price on the stock. Barclays raised their target price on Everest Group from $405.00 to $430.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, Evercore ISI raised their target price on Everest Group from $380.00 to $384.00 and gave the stock an “in-line” rating in a report on Wednesday, October 1st. 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 company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $382.79.

Everest Group Company 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.