SBI Securities Co. Ltd. Invests $31,000 in Everest Group, Ltd. (NYSE:EG)

SBI Securities Co. Ltd. bought a new stake in Everest Group, Ltd. (NYSE:EG) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 86 shares of the company’s stock, valued at approximately $31,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC increased its stake in Everest Group by 152.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 22,693 shares of the company’s stock valued at $8,225,000 after purchasing an additional 13,687 shares during the last quarter. JPMorgan Chase & Co. grew its position in Everest Group by 19.5% during the third quarter. JPMorgan Chase & Co. now owns 78,469 shares of the company’s stock valued at $30,747,000 after acquiring an additional 12,791 shares during the period. Brophy Wealth Management LLC purchased a new stake in Everest Group during the third quarter valued at about $749,000. Intech Investment Management LLC grew its position in Everest Group by 13.1% during the third quarter. Intech Investment Management LLC now owns 27,324 shares of the company’s stock valued at $10,706,000 after acquiring an additional 3,166 shares during the period. Finally, Principal Financial Group Inc. grew its position in Everest Group by 5.5% during the third quarter. Principal Financial Group Inc. now owns 53,892 shares of the company’s stock valued at $21,117,000 after acquiring an additional 2,818 shares during the period. 92.64% of the stock is currently owned by institutional investors and hedge funds.

Everest Group Trading Down 1.7 %

Shares of NYSE EG opened at $348.00 on Thursday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.26. The stock’s 50 day moving average price is $352.24 and its two-hundred day moving average price is $369.07. The stock has a market capitalization of $14.94 billion, a P/E ratio of 11.08, a PEG ratio of 0.24 and a beta of 0.61. Everest Group, Ltd. has a 52-week low of $327.37 and a 52-week 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 return on equity of 9.04% and a net margin of 7.95%. On average, analysts anticipate that Everest Group, Ltd. will post 47.93 earnings per share for the current fiscal year.

Everest Group Dividend Announcement

The firm also recently announced 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. This represents a $8.00 annualized dividend and a yield of 2.30%. The ex-dividend date is Monday, March 17th. Everest Group’s dividend payout ratio is currently 25.47%.

Wall Street Analyst Weigh In

EG has been the subject of a number of research reports. Jefferies Financial Group downgraded Everest Group from a “buy” rating to a “hold” rating and boosted their price target for the company from $420.00 to $429.00 in a research report on Tuesday, November 26th. BMO Capital Markets downgraded Everest Group from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $453.00 to $375.00 in a research report on Thursday, January 30th. Barclays upped their target price on Everest Group from $461.00 to $470.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 4th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $340.00 target price (down previously from $425.00) on shares of Everest Group in a research report on Wednesday, February 5th. Finally, Keefe, Bruyette & Woods upped their target price on Everest Group from $420.00 to $434.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Everest Group has an average rating of “Hold” and an average price target 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.