National Pension Service Has $36.50 Million Stock Position in Everest Group, Ltd. (NYSE:EG)

National Pension Service reduced its stake in shares of Everest Group, Ltd. (NYSE:EG) by 2.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 100,694 shares of the company’s stock after selling 2,621 shares during the period. National Pension Service’s holdings in Everest Group were worth $36,498,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of EG. Horizon Advisory Services Inc. acquired a new stake in shares of Everest Group in the fourth quarter valued at approximately $290,000. Blackhawk Capital Partners LLC. raised its holdings in shares of Everest Group by 29.3% in the fourth quarter. Blackhawk Capital Partners LLC. now owns 706 shares of the company’s stock valued at $256,000 after purchasing an additional 160 shares during the last quarter. Quartz Partners LLC raised its holdings in shares of Everest Group by 12.0% in the fourth quarter. Quartz Partners LLC now owns 5,129 shares of the company’s stock valued at $1,859,000 after purchasing an additional 551 shares during the last quarter. Hi Line Capital Management LLC acquired a new stake in shares of Everest Group in the fourth quarter valued at approximately $3,752,000. Finally, South Dakota Investment Council raised its holdings in shares of Everest Group by 18.1% in the fourth quarter. South Dakota Investment Council now owns 92,310 shares of the company’s stock valued at $33,459,000 after purchasing an additional 14,125 shares during the last quarter. 92.64% of the stock is currently owned by institutional investors and hedge funds.

Everest Group Price Performance

NYSE:EG opened at $353.45 on Friday. Everest Group, Ltd. has a 1-year low of $327.37 and a 1-year high of $407.30. 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 simple moving average of $352.65 and a 200 day simple moving average of $370.08. The stock has a market capitalization of $15.19 billion, a PE ratio of 11.25, a P/E/G ratio of 0.24 and a beta of 0.65.

Everest Group (NYSE:EG) last released its quarterly earnings data on Monday, February 3rd. The company reported ($18.39) 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%. On average, research analysts expect that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Everest Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 17th will be given a dividend of $2.00 per share. The ex-dividend date 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 25.47%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on EG. Jefferies Financial Group downgraded shares of Everest Group from a “buy” rating to a “hold” rating and lifted their price objective for the company from $420.00 to $429.00 in a report on Tuesday, November 26th. BMO Capital Markets downgraded shares of Everest Group from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $453.00 to $375.00 in a report on Thursday, January 30th. Keefe, Bruyette & Woods lifted their price objective on shares of Everest Group from $420.00 to $434.00 and gave the company an “outperform” rating in a report on Friday, January 10th. Morgan Stanley reissued an “equal weight” rating and issued a $340.00 target price (down from $425.00) on shares of Everest Group in a research note on Wednesday, February 5th. Finally, Barclays raised their target price on shares of Everest Group from $461.00 to $470.00 and gave the company an “overweight” rating in a research note on Tuesday, February 4th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Everest Group has a consensus rating of “Hold” and a consensus target price of $416.50.

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.