Achmea Investment Management B.V. Acquires 432 Shares of Everest Group, Ltd. (NYSE:EG)

Achmea Investment Management B.V. raised its holdings in Everest Group, Ltd. (NYSE:EG) by 11.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,111 shares of the company’s stock after acquiring an additional 432 shares during the period. Achmea Investment Management B.V.’s holdings in Everest Group were worth $1,490,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EG. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Everest Group by 7.7% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 116,752 shares of the company’s stock valued at $45,747,000 after purchasing an additional 8,345 shares in the last quarter. Oppenheimer & Co. Inc. boosted its stake in shares of Everest Group by 1.2% during the third quarter. Oppenheimer & Co. Inc. now owns 6,257 shares of the company’s stock valued at $2,452,000 after purchasing an additional 76 shares in the last quarter. Main Street Financial Solutions LLC acquired a new stake in shares of Everest Group during the third quarter valued at about $261,000. OneDigital Investment Advisors LLC boosted its stake in shares of Everest Group by 4.7% during the third quarter. OneDigital Investment Advisors LLC now owns 12,708 shares of the company’s stock valued at $4,979,000 after purchasing an additional 574 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its stake in shares of Everest Group by 7.9% during the third quarter. CIBC Asset Management Inc now owns 6,309 shares of the company’s stock valued at $2,472,000 after purchasing an additional 460 shares in the last quarter. Institutional investors own 92.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on EG shares. Barclays lifted their price target on Everest Group from $461.00 to $470.00 and gave the company an “overweight” rating in a research note on Tuesday, February 4th. Jefferies Financial Group lowered 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 note on Tuesday, November 26th. TD Cowen cut their price objective on Everest Group from $444.00 to $419.00 and set a “hold” rating on the stock in a research note on Monday, November 18th. BMO Capital Markets lowered Everest Group from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $453.00 to $375.00 in a research note on Thursday, January 30th. Finally, Wells Fargo & Company cut their price objective on Everest Group from $390.00 to $380.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $416.50.

Everest Group Trading Up 2.8 %

Shares of EG stock opened at $359.35 on Friday. The company has a market cap of $15.43 billion, a P/E ratio of 11.44, a PEG ratio of 0.24 and a beta of 0.61. The stock has a 50 day simple moving average of $351.67 and a two-hundred day simple moving average of $368.79. 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 fifty-two week low of $327.37 and a fifty-two week high of $407.30.

Everest Group (NYSE:EG) last issued its earnings results on Monday, February 3rd. The company reported ($18.39) earnings per share 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%. Research analysts forecast that Everest Group, Ltd. will post 47.93 earnings per share for the current year.

Everest Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 17th will be issued a $2.00 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $8.00 dividend on an annualized basis and a yield of 2.23%. Everest Group’s payout ratio is currently 25.47%.

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.