Everest Group, Ltd. (NYSE:EG) Shares Sold by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund lessened its holdings in shares of Everest Group, Ltd. (NYSE:EG) by 1.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,687 shares of the company’s stock after selling 47 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Everest Group were worth $1,336,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EG. Private Advisor Group LLC acquired a new position in Everest Group during the third quarter worth $333,000. Mirae Asset Global Investments Co. Ltd. boosted its position in Everest Group by 45.6% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,776 shares of the company’s stock worth $1,097,000 after purchasing an additional 869 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Everest Group by 82.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,163 shares of the company’s stock worth $1,631,000 after purchasing an additional 1,877 shares in the last quarter. US Bancorp DE boosted its position in Everest Group by 1.0% during the third quarter. US Bancorp DE now owns 7,953 shares of the company’s stock worth $3,116,000 after purchasing an additional 80 shares in the last quarter. Finally, National Pension Service boosted its position in Everest Group by 24.1% during the third quarter. National Pension Service now owns 103,315 shares of the company’s stock worth $40,482,000 after purchasing an additional 20,040 shares in the last quarter. Institutional investors and hedge funds own 92.64% of the company’s stock.

Everest Group Stock Performance

NYSE EG opened at $353.45 on Friday. The business’s 50-day moving average price is $352.59 and its 200 day moving average price is $370.07. Everest Group, Ltd. has a twelve month low of $327.37 and a twelve month high of $407.30. The company has a market capitalization of $15.19 billion, a PE ratio of 11.25, a price-to-earnings-growth ratio of 0.24 and a beta of 0.65. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.26.

Everest Group (NYSE:EG) last announced its quarterly earnings results on Monday, February 3rd. The company reported ($18.39) EPS for the quarter, missing the consensus estimate of $11.64 by ($30.03). Everest Group had a return on equity of 9.04% and a net margin of 7.95%. On average, research analysts predict that Everest Group, Ltd. will post 47.93 earnings per share for the current year.

Everest Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 17th will be paid a $2.00 dividend. The ex-dividend date is Monday, March 17th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.26%. Everest Group’s dividend payout ratio (DPR) is currently 25.47%.

Analyst Upgrades and Downgrades

A number of research firms have commented on EG. TD Cowen decreased their target price on Everest Group from $444.00 to $419.00 and set a “hold” rating on the stock in a research report on Monday, November 18th. Wells Fargo & Company decreased their target price on Everest Group from $390.00 to $380.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. Morgan Stanley reiterated an “equal weight” rating and set a $340.00 target price (down from $425.00) on shares of Everest Group in a research report on Wednesday, February 5th. BMO Capital Markets downgraded Everest Group from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $453.00 to $375.00 in a research report on Thursday, January 30th. Finally, Keefe, Bruyette & Woods upped their price objective on Everest Group from $420.00 to $434.00 and gave the company an “outperform” rating in a research report on Friday, January 10th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Everest Group currently has an average rating of “Hold” and a consensus price target of $416.50.

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.