Everest Group, Ltd. $EG Shares Sold by WINTON GROUP Ltd

WINTON GROUP Ltd decreased its stake in Everest Group, Ltd. (NYSE:EG) by 36.3% in the second quarter, HoldingsChannel reports. The firm owned 3,519 shares of the company’s stock after selling 2,008 shares during the period. WINTON GROUP Ltd’s holdings in Everest Group were worth $1,257,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of EG. California State Teachers Retirement System lifted its stake in Everest Group by 29,666.3% during the second quarter. California State Teachers Retirement System now owns 18,597,394 shares of the company’s stock valued at $6,643,547,000 after buying an additional 18,534,916 shares in the last quarter. BlackRock Inc. purchased a new position in shares of Everest Group in the second quarter worth approximately $1,150,555,000. AQR Capital Management LLC raised its holdings in shares of Everest Group by 70.3% during the third quarter. AQR Capital Management LLC now owns 2,011,033 shares of the company’s stock valued at $695,275,000 after acquiring an additional 830,418 shares during the period. State Street Corp raised its holdings in shares of Everest Group by 0.4% during the fourth quarter. State Street Corp now owns 1,906,692 shares of the company’s stock valued at $647,036,000 after acquiring an additional 7,806 shares during the period. Finally, Norges Bank purchased a new stake in shares of Everest Group in the 4th quarter valued at approximately $630,277,000. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Everest Group Price Performance

Shares of NYSE:EG opened at $372.22 on Monday. Everest Group, Ltd. has a fifty-two week low of $302.44 and a fifty-two week high of $401.07. The business has a 50-day moving average of $374.65 and a two-hundred day moving average of $351.28. The stock has a market capitalization of $14.27 billion, a P/E ratio of 7.87, a P/E/G ratio of 0.73 and a beta of 0.28. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.35 and a quick ratio of 0.35.

Everest Group (NYSE:EG) last issued its quarterly earnings data on Tuesday, June 30th. The company reported $14.85 EPS for the quarter. Everest Group had a return on equity of 13.63% and a net margin of 11.41%.The business had revenue of $3.96 billion for the quarter. On average, equities research analysts predict that Everest Group, Ltd. will post 53.2 EPS for the current fiscal year.

Everest Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Wednesday, September 9th will be given a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Wednesday, September 9th. Everest Group’s dividend payout ratio (DPR) is currently 16.92%.

Wall Street Analyst Weigh In

EG has been the subject of a number of recent analyst reports. Wells Fargo & Company raised their price objective on shares of Everest Group from $373.00 to $396.00 and gave the stock an “equal weight” rating in a research note on Friday, July 31st. Atlantic Securities set a $484.00 target price on Everest Group in a report on Wednesday, July 15th. Mizuho lowered their price target on Everest Group from $418.00 to $416.00 and set a “neutral” rating on the stock in a report on Friday, July 31st. Citigroup upped their price target on Everest Group from $395.00 to $415.00 and gave the company a “neutral” rating in a research report on Friday, July 31st. Finally, TD Cowen increased their price objective on Everest Group from $365.00 to $385.00 and gave the stock a “hold” rating in a research note on Wednesday, August 19th. Four research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $395.27.

Everest Group Company Profile

Everest Group, Ltd. (NYSE: EG) is a global insurance and reinsurance company headquartered in Hamilton, Bermuda. Through its operating subsidiaries, the company provides property and casualty insurance and reinsurance products to businesses, insurers and other institutional clients.

Everest’s reinsurance operations cover a range of property, casualty and specialty risks, while its insurance business offers commercial coverage in areas such as property, casualty, specialty, marine, accident and health.