Mn Services Vermogensbeheer B.V. Increases Position in Everest Group, Ltd. (NYSE:EG)

Mn Services Vermogensbeheer B.V. raised its position in Everest Group, Ltd. (NYSE:EG) by 5.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,000 shares of the company’s stock after purchasing an additional 1,000 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Everest Group were worth $6,524,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EG. Private Advisor Group LLC purchased a new stake in Everest Group in the third quarter valued at approximately $333,000. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Everest Group by 45.6% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,776 shares of the company’s stock worth $1,097,000 after acquiring an additional 869 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Everest Group by 82.1% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,163 shares of the company’s stock worth $1,631,000 after acquiring an additional 1,877 shares in the last quarter. US Bancorp DE grew its stake in shares of Everest Group by 1.0% in the third quarter. US Bancorp DE now owns 7,953 shares of the company’s stock worth $3,116,000 after acquiring an additional 80 shares in the last quarter. Finally, National Pension Service grew its stake in shares of Everest Group by 24.1% in the third quarter. National Pension Service now owns 103,315 shares of the company’s stock worth $40,482,000 after acquiring an additional 20,040 shares in the last quarter. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on EG. Keefe, Bruyette & Woods boosted their price target on shares of Everest Group from $420.00 to $434.00 and gave the stock an “outperform” rating in a research note on Friday, January 10th. Morgan Stanley restated an “equal weight” rating and issued a $340.00 price target (down previously from $425.00) on shares of Everest Group in a research note on Wednesday, February 5th. BMO Capital Markets downgraded shares of Everest Group from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $453.00 to $375.00 in a research note on Thursday, January 30th. TD Cowen dropped their price target on shares of Everest Group from $444.00 to $419.00 and set a “hold” rating for the company in a research note on Monday, November 18th. Finally, Jefferies Financial Group downgraded shares of Everest Group from a “buy” rating to a “hold” rating and boosted their target price for the stock from $420.00 to $429.00 in a research note on Tuesday, November 26th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Everest Group presently has an average rating of “Hold” and an average price target of $416.50.

Everest Group Stock Performance

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

Everest Group (NYSE:EG) last announced its quarterly 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 net margin of 7.95% and a return on equity of 9.04%. Sell-side analysts predict that Everest Group, Ltd. will post 47.93 earnings per share for the current fiscal year.

Everest Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 17th will be given 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 2.26%. Everest Group’s dividend payout ratio (DPR) is presently 25.47%.

Everest Group 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.