Delphi Management Inc. MA Raises Position in Everest Group, Ltd. (NYSE:EG)

Delphi Management Inc. MA grew its holdings in shares of Everest Group, Ltd. (NYSE:EG) by 13.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,272 shares of the company’s stock after purchasing an additional 494 shares during the period. Everest Group makes up about 1.5% of Delphi Management Inc. MA’s portfolio, making the stock its 18th biggest holding. Delphi Management Inc. MA’s holdings in Everest Group were worth $1,548,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. SBI Securities Co. Ltd. acquired a new stake in shares of Everest Group in the fourth quarter worth $31,000. Brooklyn Investment Group acquired a new stake in Everest Group during the 3rd quarter worth about $39,000. Private Trust Co. NA raised its stake in shares of Everest Group by 51.7% during the 3rd quarter. Private Trust Co. NA now owns 132 shares of the company’s stock valued at $52,000 after buying an additional 45 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Everest Group in the 3rd quarter valued at about $64,000. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Everest Group by 43.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 211 shares of the company’s stock worth $76,000 after buying an additional 64 shares during the last quarter. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Jefferies Financial Group cut Everest Group from a “buy” rating to a “hold” rating and lifted their price target for the company from $420.00 to $429.00 in a research report on Tuesday, November 26th. Wells Fargo & Company reduced their price target on Everest Group from $390.00 to $380.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Barclays boosted their price objective on Everest Group from $461.00 to $470.00 and gave the company an “overweight” rating in a research report on Tuesday, February 4th. TD Cowen dropped their price target on shares of Everest Group from $444.00 to $419.00 and set a “hold” rating on the stock in a research note on Monday, November 18th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $340.00 price target (down previously from $425.00) on shares of Everest Group in a report on Wednesday, February 5th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Everest Group has an average rating of “Hold” and an average target price of $416.50.

Everest Group Price Performance

Shares of NYSE EG opened at $365.35 on Tuesday. The firm has a market cap of $15.69 billion, a PE ratio of 11.63, a PEG ratio of 0.24 and a beta of 0.61. The firm has a fifty day moving average of $351.63 and a 200 day moving average of $368.12. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.40 and a current ratio of 0.40. Everest Group, Ltd. has a one year low of $327.37 and a one year high of $407.30.

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

Everest Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 17th will be issued a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date is Monday, March 17th. Everest Group’s payout ratio is 25.47%.

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.