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 the company in its most recent filing with the SEC. The fund owned 31,984 shares of the company’s stock after selling 353 shares during the period. Lmcg Investments LLC owned approximately 0.08% of Everest Group worth $10,870,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Flagship Harbor Advisors LLC grew its stake in Everest Group by 3.7% in the 1st quarter. Flagship Harbor Advisors LLC now owns 843 shares of the company’s stock valued at $306,000 after buying an additional 30 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. grew its position in shares of Everest Group by 3.0% during the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 1,025 shares of the company’s stock worth $372,000 after purchasing an additional 30 shares in the last quarter. Legacy Advisors LLC grew its position in shares of Everest Group by 5.5% during the 1st quarter. Legacy Advisors LLC now owns 599 shares of the company’s stock worth $218,000 after purchasing an additional 31 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of Everest Group by 4.3% during the 2nd quarter. Farther Finance Advisors LLC now owns 816 shares of the company’s stock worth $277,000 after purchasing an additional 34 shares in the last quarter. Finally, Vontobel Holding Ltd. grew its position in shares of Everest Group by 2.1% during the 1st quarter. Vontobel Holding Ltd. now owns 1,781 shares of the company’s stock worth $647,000 after purchasing an additional 36 shares in the last quarter. Institutional investors and hedge funds own 92.64% of the company’s stock.

Everest Group Stock Performance

Shares of Everest Group stock opened at $346.99 on Friday. The company has a 50 day moving average of $341.74 and a 200-day moving average of $342.68. Everest Group, Ltd. has a 1-year low of $320.00 and a 1-year high of $401.82. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.24. The company has a market cap 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.

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

Everest Group Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Wells Fargo & Company increased their target price on shares of Everest Group from $371.00 to $383.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Weiss Ratings restated a “hold (c)” rating on shares of Everest Group in a research report on Wednesday. Keefe, Bruyette & Woods increased their target price on shares of Everest Group from $405.00 to $416.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 6th. Barclays increased their target price on shares of Everest Group from $405.00 to $430.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Janney Montgomery Scott started coverage on shares of Everest Group in a research report on Friday, June 20th. They set a “buy” rating and a $425.00 target price on the stock. Five analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $382.79.

About Everest Group

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.