752 Shares in Everest Group, Ltd. (NYSE:EG) Acquired by Waterway Wealth Management LLC

Waterway Wealth Management LLC acquired a new stake in Everest Group, Ltd. (NYSE:EG) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 752 shares of the company’s stock, valued at approximately $295,000.

Several other large investors also recently bought and sold shares of the stock. Boston Partners raised its stake in shares of Everest Group by 29.1% in the first quarter. Boston Partners now owns 1,197,457 shares of the company’s stock worth $475,750,000 after purchasing an additional 269,665 shares during the last quarter. William Blair Investment Management LLC raised its stake in shares of Everest Group by 30.2% in the second quarter. William Blair Investment Management LLC now owns 580,171 shares of the company’s stock worth $221,057,000 after purchasing an additional 134,517 shares during the last quarter. Arnhold LLC purchased a new position in shares of Everest Group in the first quarter worth about $19,896,000. Champlain Investment Partners LLC raised its stake in shares of Everest Group by 5.3% in the first quarter. Champlain Investment Partners LLC now owns 906,100 shares of the company’s stock worth $360,175,000 after purchasing an additional 45,705 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Everest Group by 7.7% in the second quarter. Dimensional Fund Advisors LP now owns 535,121 shares of the company’s stock worth $203,891,000 after purchasing an additional 38,254 shares during the last quarter. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Everest Group Stock Up 0.6 %

NYSE EG opened at $386.61 on Tuesday. The business has a fifty day moving average price of $386.18 and a 200 day moving average price of $380.37. Everest Group, Ltd. has a one year low of $343.76 and a one year high of $417.92. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.38 and a current ratio of 0.38. The company has a market cap of $16.65 billion, a P/E ratio of 5.71, a P/E/G ratio of 2.70 and a beta of 0.61.

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

Everest Group Dividend Announcement

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

Wall Street Analyst Weigh In

EG has been the subject of several research analyst reports. Wells Fargo & Company raised their price objective on Everest Group from $393.00 to $406.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th. BMO Capital Markets reiterated a “market perform” rating and set a $403.00 price target on shares of Everest Group in a research report on Friday, August 30th. Bank of America reduced their price target on Everest Group from $496.00 to $485.00 and set a “buy” rating for the company in a research report on Thursday, October 10th. Morgan Stanley reduced their price target on Everest Group from $450.00 to $445.00 and set an “overweight” rating for the company in a research report on Wednesday, July 10th. Finally, UBS Group raised Everest Group to a “hold” rating in a research note on Wednesday, October 9th. Five research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Everest Group has an average rating of “Moderate Buy” and a consensus price target of $439.27.

About Everest Group

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.