Rowlandmiller & PARTNERS.ADV Cuts Stake in Everest Group, Ltd. (NYSE:EG)

Rowlandmiller & PARTNERS.ADV lowered its stake in shares of Everest Group, Ltd. (NYSE:EG) by 3.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,295 shares of the company’s stock after selling 50 shares during the period. Rowlandmiller & PARTNERS.ADV’s holdings in Everest Group were worth $507,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. American National Bank purchased a new stake in shares of Everest Group during the second quarter worth about $27,000. M&R Capital Management Inc. purchased a new stake in shares of Everest Group during the third quarter worth about $29,000. Bruce G. Allen Investments LLC boosted its position in Everest Group by 200.0% during the third quarter. Bruce G. Allen Investments LLC now owns 78 shares of the company’s stock worth $31,000 after acquiring an additional 52 shares during the last quarter. Eastern Bank acquired a new position in Everest Group during the third quarter worth about $35,000. Finally, Massmutual Trust Co. FSB ADV boosted its position in Everest Group by 36.9% during the second quarter. Massmutual Trust Co. FSB ADV now owns 115 shares of the company’s stock worth $44,000 after acquiring an additional 31 shares during the last quarter. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on EG. BMO Capital Markets restated a “market perform” rating and set a $403.00 price target on shares of Everest Group in a research report on Friday, August 30th. Wells Fargo & Company boosted their price target on shares of Everest Group from $393.00 to $406.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. Morgan Stanley decreased their target price on shares of Everest Group from $450.00 to $445.00 and set an “overweight” rating on the stock in a report on Wednesday, July 10th. Keefe, Bruyette & Woods dropped their price target on shares of Everest Group from $454.00 to $438.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Finally, Bank of America reduced their price target on shares of Everest Group from $496.00 to $485.00 and set a “buy” rating on the stock in a research report on Thursday, October 10th. Five analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $439.27.

Everest Group Stock Up 0.3 %

Shares of NYSE:EG opened at $386.93 on Friday. The business has a 50-day moving average price of $387.21 and a 200 day moving average price of $380.49. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $16.66 billion, a price-to-earnings ratio of 5.71, a PEG ratio of 2.71 and a beta of 0.61. Everest Group, Ltd. has a 12-month low of $343.76 and a 12-month high of $417.92.

Everest Group (NYSE:EG) last released its earnings results on Wednesday, July 31st. The company reported $16.85 earnings per share for the quarter, missing the consensus estimate of $16.97 by ($0.12). The firm had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.32 billion. Everest Group had a net margin of 18.36% and a return on equity of 24.09%. The business’s revenue was up 15.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $15.21 earnings per share. Sell-side analysts expect that Everest Group, Ltd. will post 60.97 EPS for the current year.

Everest Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 16th were given a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend was Monday, September 16th. Everest Group’s dividend payout ratio is currently 11.81%.

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.