Everest Group, Ltd. $EG Shares Bought by Rhumbline Advisers

Rhumbline Advisers raised its holdings in shares of Everest Group, Ltd. (NYSE:EG) by 2.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,509 shares of the company’s stock after acquiring an additional 2,317 shares during the quarter. Rhumbline Advisers’ holdings in Everest Group were worth $28,720,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Everest Group by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 5,577,376 shares of the company’s stock valued at $2,026,428,000 after purchasing an additional 17,346 shares during the last quarter. Vulcan Value Partners LLC raised its holdings in shares of Everest Group by 35.8% in the 1st quarter. Vulcan Value Partners LLC now owns 1,328,732 shares of the company’s stock worth $482,832,000 after purchasing an additional 350,019 shares during the period. Geode Capital Management LLC lifted its position in Everest Group by 0.5% during the second quarter. Geode Capital Management LLC now owns 1,211,474 shares of the company’s stock valued at $414,385,000 after buying an additional 6,217 shares in the last quarter. Boston Partners lifted its holdings in shares of Everest Group by 3.3% during the 1st quarter. Boston Partners now owns 696,765 shares of the company’s stock valued at $253,150,000 after acquiring an additional 22,432 shares in the last quarter. Finally, Altrinsic Global Advisors LLC lifted its stake in shares of Everest Group by 10.7% during the first quarter. Altrinsic Global Advisors LLC now owns 682,979 shares of the company’s stock worth $248,147,000 after purchasing an additional 66,041 shares in the last quarter. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Wells Fargo & Company decreased their target price on shares of Everest Group from $383.00 to $343.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Everest Group in a report on Wednesday, October 8th. Keefe, Bruyette & Woods dropped their price objective on shares of Everest Group from $424.00 to $400.00 and set an “outperform” rating on the stock in a research note on Thursday, October 30th. Wolfe Research upgraded Everest Group from an “underperform” rating to a “peer perform” rating in a research note on Wednesday, October 29th. Finally, Cowen reaffirmed a “hold” rating on shares of Everest Group in a report on Tuesday, October 7th. Five equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $368.77.

Insider Buying and Selling

In other news, Director Allan Levine bought 3,100 shares of the business’s stock in a transaction on Wednesday, October 29th. The shares were bought at an average cost of $306.08 per share, with a total value of $948,848.00. Following the purchase, the director directly owned 4,153 shares in the company, valued at $1,271,150.24. This trade represents a 294.40% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director William F. Galtney, Jr. bought 11,385 shares of the firm’s stock in a transaction dated Wednesday, October 29th. The stock was acquired at an average cost of $307.38 per share, with a total value of $3,499,521.30. Following the transaction, the director owned 45,491 shares of the company’s stock, valued at $13,983,023.58. This trade represents a 33.38% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.10% of the stock is owned by insiders.

Everest Group Trading Down 0.6%

Everest Group stock opened at $312.17 on Thursday. The firm’s 50 day moving average price is $334.76 and its two-hundred day moving average price is $337.26. The firm has a market cap of $13.10 billion, a price-to-earnings ratio of 23.78, a price-to-earnings-growth ratio of 0.25 and a beta of 0.47. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.38 and a current ratio of 0.38. Everest Group, Ltd. has a 1 year low of $302.44 and a 1 year high of $392.11.

Everest Group (NYSE:EG) last released its quarterly earnings results on Monday, October 27th. The company reported $7.54 earnings per share for the quarter, missing analysts’ consensus estimates of $13.39 by ($5.85). The company had revenue of $4.32 billion during the quarter, compared to analyst estimates of $3.86 billion. Everest Group had a net margin of 3.12% and a return on equity of 3.81%. The company’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter last year, the business earned $11.80 EPS. On average, research analysts predict that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Everest Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Wednesday, November 26th will be given a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Wednesday, November 26th. Everest Group’s dividend payout ratio (DPR) is 60.93%.

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.