SG Americas Securities LLC Has $2.53 Million Stock Position in Everest Group, Ltd. $EG

SG Americas Securities LLC raised its holdings in shares of Everest Group, Ltd. (NYSE:EG) by 27.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,437 shares of the company’s stock after acquiring an additional 1,595 shares during the quarter. SG Americas Securities LLC’s holdings in Everest Group were worth $2,527,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in EG. Vanguard Group Inc. grew its position in Everest Group by 0.3% in the first quarter. Vanguard Group Inc. now owns 5,577,376 shares of the company’s stock valued at $2,026,428,000 after purchasing an additional 17,346 shares in the last quarter. Vulcan Value Partners LLC boosted its stake in shares of Everest Group by 35.8% during the 1st quarter. Vulcan Value Partners LLC now owns 1,328,732 shares of the company’s stock worth $482,832,000 after buying an additional 350,019 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Everest Group by 0.5% during the 2nd quarter. Geode Capital Management LLC now owns 1,211,474 shares of the company’s stock worth $414,385,000 after buying an additional 6,217 shares during the last quarter. Boston Partners grew its holdings in shares of Everest Group by 3.3% in the 1st quarter. Boston Partners now owns 696,765 shares of the company’s stock valued at $253,150,000 after acquiring an additional 22,432 shares in the last quarter. Finally, Altrinsic Global Advisors LLC increased its position in shares of Everest Group by 10.7% in the first quarter. Altrinsic Global Advisors LLC now owns 682,979 shares of the company’s stock valued at $248,147,000 after acquiring an additional 66,041 shares during the last quarter. Institutional investors own 92.64% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the company. Keefe, Bruyette & Woods reduced their price target on Everest Group from $424.00 to $400.00 and set an “outperform” rating for the company in a research report on Thursday, October 30th. Wells Fargo & Company cut their price objective on Everest Group from $383.00 to $343.00 and set an “equal weight” rating for the company in a report on Wednesday, October 29th. Raymond James Financial restated an “outperform” rating and set a $350.00 target price on shares of Everest Group in a report on Monday, November 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Everest Group in a research note on Wednesday, October 8th. Finally, Wall Street Zen downgraded shares of Everest Group from a “buy” rating to a “hold” rating in a research report on Sunday, November 2nd. Five research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $368.77.

Insider Activity at Everest Group

In other news, Director Allan Levine purchased 3,100 shares of Everest Group stock in a transaction that occurred on Wednesday, October 29th. The stock was acquired at an average cost of $306.08 per share, for a total transaction of $948,848.00. Following the purchase, the director directly owned 4,153 shares of the company’s stock, valued at $1,271,150.24. This trade represents a 294.40% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director William F. Galtney, Jr. acquired 11,385 shares of the firm’s stock in a transaction on Wednesday, October 29th. The stock was purchased at an average cost of $307.38 per share, for a total transaction of $3,499,521.30. Following the completion of the acquisition, the director owned 45,491 shares in the company, valued at approximately $13,983,023.58. This represents a 33.38% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.10% of the stock is currently owned by corporate insiders.

Everest Group Trading Down 0.1%

EG stock opened at $320.03 on Wednesday. Everest Group, Ltd. has a one year low of $302.44 and a one year high of $392.78. The stock has a market cap of $13.43 billion, a price-to-earnings ratio of 24.37, a price-to-earnings-growth ratio of 0.25 and a beta of 0.48. The company has a fifty day moving average price of $338.31 and a two-hundred day moving average price of $338.68. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.38 and a quick ratio of 0.38.

Everest Group (NYSE:EG) last issued its quarterly earnings data on Monday, October 27th. The company reported $7.54 earnings per share for the quarter, missing the consensus estimate of $13.39 by ($5.85). The company had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $3.86 billion. Everest Group had a net margin of 3.12% and a return on equity of 3.81%. Everest Group’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the previous year, the company earned $11.80 earnings per share. Equities analysts anticipate that Everest Group, Ltd. will post 47.93 EPS for the current year.

Everest Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Wednesday, November 26th will be issued a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Wednesday, November 26th. Everest Group’s payout ratio is currently 60.93%.

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.