Quent Capital LLC Has $221,000 Stake in Everest Group, Ltd. $EG

Quent Capital LLC lifted its stake in shares of Everest Group, Ltd. (NYSE:EG) by 8.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 652 shares of the company’s stock after buying an additional 49 shares during the quarter. Quent Capital LLC’s holdings in Everest Group were worth $221,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Everest Group by 8.4% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,063 shares of the company’s stock worth $1,721,000 after buying an additional 392 shares during the period. V Square Quantitative Management LLC grew its position in shares of Everest Group by 22.2% during the 2nd quarter. V Square Quantitative Management LLC now owns 946 shares of the company’s stock worth $321,000 after buying an additional 172 shares during the period. Patton Fund Management Inc. acquired a new stake in shares of Everest Group during the 2nd quarter worth approximately $211,000. Dakota Wealth Management grew its position in shares of Everest Group by 8.2% during the 2nd quarter. Dakota Wealth Management now owns 2,108 shares of the company’s stock worth $716,000 after buying an additional 160 shares during the period. Finally, Clear Harbor Asset Management LLC grew its position in shares of Everest Group by 0.3% during the 2nd quarter. Clear Harbor Asset Management LLC now owns 16,425 shares of the company’s stock worth $5,582,000 after buying an additional 50 shares during the period. Institutional investors and hedge funds own 92.64% of the company’s stock.

Analyst Upgrades and Downgrades

EG has been the subject of several recent analyst reports. Citigroup initiated coverage on shares of Everest Group in a research report on Wednesday, August 13th. They set a “neutral” rating and a $362.00 price objective for the company. Keefe, Bruyette & Woods lifted their price target on shares of Everest Group from $405.00 to $416.00 and gave the company an “outperform” rating in a research report on Wednesday, August 6th. Janney Montgomery Scott initiated coverage on shares of Everest Group in a research report on Friday, June 20th. They issued a “buy” rating and a $425.00 price target for the company. Wolfe Research raised shares of Everest Group to a “strong sell” rating in a research report on Tuesday, September 16th. Finally, Barclays lifted their price target on shares of Everest Group from $394.00 to $398.00 and gave the company an “overweight” rating in a research report on Monday, July 7th. Six equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $386.67.

Everest Group Price Performance

Shares of NYSE:EG opened at $356.78 on Friday. 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 stock’s fifty day simple moving average is $339.34 and its two-hundred day simple moving average is $342.60. Everest Group, Ltd. has a 1-year low of $320.00 and a 1-year high of $407.30. The stock has a market cap of $14.96 billion, a PE ratio of 18.94, a price-to-earnings-growth ratio of 0.26 and a beta of 0.48.

Everest Group (NYSE:EG) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $17.36 earnings per share for the quarter, beating the consensus estimate of $15.14 by $2.22. Everest Group had a return on equity of 5.89% and a net margin of 4.56%.The business had revenue of $4.49 billion for the quarter, compared to analysts’ expectations of $4.22 billion. During the same period last year, the business earned $16.85 EPS. The business’s revenue was up 6.2% on a year-over-year basis. As a group, analysts forecast that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Everest Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Wednesday, September 3rd were paid a dividend of $2.00 per share. The ex-dividend date was Wednesday, September 3rd. This represents a $8.00 annualized dividend and a yield of 2.2%. Everest Group’s dividend payout ratio (DPR) is 42.46%.

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.