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

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

Other large investors have also modified their holdings of the company. Horizon Advisory Services Inc. acquired a new stake in Everest Group during the 4th quarter valued at approximately $290,000. Blackhawk Capital Partners LLC. lifted its holdings in Everest Group by 29.3% during the 4th quarter. Blackhawk Capital Partners LLC. now owns 706 shares of the company’s stock worth $256,000 after buying an additional 160 shares during the last quarter. Quartz Partners LLC lifted its holdings in Everest Group by 12.0% during the 4th quarter. Quartz Partners LLC now owns 5,129 shares of the company’s stock worth $1,859,000 after buying an additional 551 shares during the last quarter. Hi Line Capital Management LLC bought a new position in Everest Group during the 4th quarter worth approximately $3,752,000. Finally, South Dakota Investment Council lifted its holdings in Everest Group by 18.1% during the 4th quarter. South Dakota Investment Council now owns 92,310 shares of the company’s stock worth $33,459,000 after buying an additional 14,125 shares during the last quarter. Institutional investors and hedge funds own 92.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on EG shares. Keefe, Bruyette & Woods increased their target price on Everest Group from $420.00 to $434.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. Barclays increased their target price on Everest Group from $461.00 to $470.00 and gave the stock an “overweight” rating in a report on Tuesday, February 4th. BMO Capital Markets downgraded Everest Group from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $453.00 to $375.00 in a report on Thursday, January 30th. TD Cowen cut their price target on Everest Group from $444.00 to $419.00 and set a “hold” rating on the stock in a report on Monday, November 18th. Finally, Jefferies Financial Group downgraded Everest Group from a “buy” rating to a “hold” rating and raised their price target for the stock from $420.00 to $429.00 in a report on Tuesday, November 26th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Everest Group currently has a consensus rating of “Hold” and an average target price of $416.50.

Everest Group Stock Up 1.7 %

EG opened at $353.45 on Friday. Everest Group, Ltd. has a 12 month low of $327.37 and a 12 month high of $407.30. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.40 and a quick ratio of 0.40. The stock has a market cap of $15.19 billion, a P/E ratio of 11.25, a P/E/G ratio of 0.24 and a beta of 0.65. The stock’s 50 day moving average price is $352.59 and its 200 day moving average price is $370.07.

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

Everest Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 17th will be given a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend is Monday, March 17th. Everest Group’s dividend payout ratio (DPR) is presently 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.