Oppenheimer & Co. Inc. minimize its place in Everest Group, Ltd. (NYSE:EG – Free Report) by 2.8% within the 2nd quarter, in response to its most up-to-date disclosure with the SEC. The fund owned 6,181 shares of the corporate’s inventory after promoting 175 shares in the course of the interval. Oppenheimer & Co. Inc.’s holdings in Everest Group had been price $2,355,000 as of its most up-to-date SEC submitting.
A number of different hedge funds and different institutional traders have additionally lately made adjustments to their positions in EG. American Nationwide Financial institution bought a brand new place in Everest Group within the second quarter price about $27,000. Massmutual Belief Co. FSB ADV purchased a brand new place in shares of Everest Group within the 1st quarter price roughly $33,000. Heritage Wealth Advisors bought a brand new place in shares of Everest Group within the fourth quarter price roughly $30,000. FinTrust Capital Advisors LLC purchased a brand new stake in Everest Group in the course of the fourth quarter valued at roughly $33,000. Lastly, Hollencrest Capital Administration elevated its holdings in Everest Group by 575.0% in the course of the first quarter. Hollencrest Capital Administration now owns 135 shares of the corporate’s inventory valued at $54,000 after shopping for an extra 115 shares over the last quarter. Institutional traders personal 92.64% of the corporate’s inventory.
Analysts Set New Worth Targets
A number of equities analysts lately weighed in on EG shares. Morgan Stanley lowered their goal value on Everest Group from $450.00 to $445.00 and set an “obese” score on the inventory in a analysis report on Wednesday, July tenth. Wells Fargo & Firm raised their goal value on shares of Everest Group from $392.00 to $393.00 and gave the corporate an “equal weight” score in a analysis observe on Monday, August twelfth. Financial institution of America boosted their value goal on shares of Everest Group from $470.00 to $493.00 and gave the inventory a “purchase” score in a analysis observe on Thursday, July eleventh. TD Cowen minimize their value goal on Everest Group from $419.00 to $405.00 and set a “maintain” score for the corporate in a analysis report on Tuesday, August thirteenth. Lastly, Barclays assumed protection on Everest Group in a analysis report on Wednesday, September 4th. They issued an “obese” score and a $527.00 goal value on the inventory. 4 equities analysis analysts have rated the inventory with a maintain score, 4 have assigned a purchase score and one has assigned a robust purchase score to the corporate’s inventory. In accordance with MarketBeat.com, the corporate has a mean score of “Reasonable Purchase” and a consensus value goal of $438.09.
Everest Group Buying and selling Up 2.3 %
Everest Group inventory opened at $389.43 on Tuesday. Everest Group, Ltd. has a 52 week low of $343.76 and a 52 week excessive of $417.92. The inventory has a 50-day transferring common value of $380.58 and a 200 day transferring common value of $379.36. The corporate has a fast ratio of 0.38, a present ratio of 0.38 and a debt-to-equity ratio of 0.24. The corporate has a market capitalization of $16.85 billion, a price-to-earnings ratio of 5.79, a price-to-earnings-growth ratio of two.64 and a beta of 0.62.
Everest Group (NYSE:EG – Get Free Report) final introduced its quarterly earnings outcomes on Wednesday, July thirty first. The corporate reported $16.85 earnings per share for the quarter, lacking the consensus estimate of $16.97 by ($0.12). Everest Group had a return on fairness of 24.09% and a web margin of 18.36%. The corporate had income of $4.23 billion for the quarter, in comparison with analyst estimates of $4.32 billion. Throughout the identical interval within the prior yr, the enterprise posted $15.21 earnings per share. Everest Group’s income for the quarter was up 15.8% on a year-over-year foundation. Promote-side analysts anticipate that Everest Group, Ltd. will put up 61.66 EPS for the present yr.
Everest Group Proclaims Dividend
The agency additionally lately disclosed a quarterly dividend, which might be paid on Friday, September twenty seventh. Stockholders of document on Monday, September sixteenth might be given a $2.00 dividend. This represents a $8.00 dividend on an annualized foundation and a dividend yield of two.05%. The ex-dividend date of this dividend is Monday, September sixteenth. Everest Group’s dividend payout ratio (DPR) is presently 11.89%.
Everest Group Profile
Everest Group, Ltd., by its subsidiaries, gives reinsurance and insurance coverage merchandise in the USA, Europe, and internationally. The corporate operates by two section, Insurance coverage and Reinsurance. The Reinsurance section writes property and casualty reinsurance; and specialty traces of enterprise by reinsurance brokers, in addition to straight with ceding firms in the USA, Bermuda, Eire, Canada, Singapore, Switzerland, and the UK.
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