Corient Private Wealth LLC Acquires New Holdings in Everest Group, Ltd. (NYSE:EG)

Corient Private Wealth LLC bought a new position in shares of Everest Group, Ltd. (NYSE:EGFree Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 20,190 shares of the company’s stock, valued at approximately $7,139,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Allworth Financial LP acquired a new position in shares of Everest Group during the fourth quarter worth $25,000. Avior Wealth Management LLC bought a new stake in shares of Everest Group in the 4th quarter valued at about $25,000. Headlands Technologies LLC bought a new stake in shares of Everest Group in the 4th quarter valued at about $25,000. Janiczek Wealth Management LLC acquired a new stake in shares of Everest Group in the fourth quarter valued at about $27,000. Finally, Trifecta Capital Advisors LLC bought a new position in shares of Everest Group during the fourth quarter worth about $28,000. 92.64% of the stock is owned by institutional investors.

Everest Group Price Performance

Shares of NYSE EG opened at $391.78 on Monday. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.25. The firm’s 50-day moving average price is $379.35 and its 200-day moving average price is $377.72. The firm has a market capitalization of $17.03 billion, a P/E ratio of 5.82, a P/E/G ratio of 3.43 and a beta of 0.57. Everest Group, Ltd. has a 1-year low of $331.08 and a 1-year high of $417.92.

Everest Group (NYSE:EGGet Free Report) last released its quarterly earnings data on Monday, April 29th. The company reported $16.32 earnings per share for the quarter, topping the consensus estimate of $15.98 by $0.34. The firm had revenue of $4.13 billion for the quarter, compared to the consensus estimate of $4.05 billion. Everest Group had a net margin of 18.69% and a return on equity of 24.86%. The business’s revenue was up 25.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $11.31 earnings per share. Equities research analysts anticipate that Everest Group, Ltd. will post 61.65 earnings per share for the current fiscal year.

Everest Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Wednesday, May 29th will be issued a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a yield of 2.04%. This is an increase from Everest Group’s previous quarterly dividend of $1.75. The ex-dividend date of this dividend is Wednesday, May 29th. Everest Group’s payout ratio is currently 10.40%.

Analyst Ratings Changes

Several analysts recently commented on the company. Wells Fargo & Company reduced their target price on Everest Group from $402.00 to $397.00 and set an “equal weight” rating on the stock in a report on Thursday, April 11th. Morgan Stanley reduced their price objective on shares of Everest Group from $466.00 to $450.00 and set an “overweight” rating on the stock in a research note on Monday, April 15th. Citigroup downgraded shares of Everest Group from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $452.00 to $375.00 in a research note on Monday, February 12th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Everest Group from $445.00 to $457.00 and gave the company an “outperform” rating in a research report on Wednesday, April 10th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $432.11.

Check Out Our Latest Stock Report on EG

Everest Group Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Everest Group (NYSE:EG)

Receive News & Ratings for Everest Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Everest Group and related companies with MarketBeat.com's FREE daily email newsletter.