Mutual of America Capital Management LLC trimmed its stake in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 74.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,141 shares of the company's stock after selling 14,821 shares during the quarter. Mutual of America Capital Management LLC's holdings in Everest Group were worth $1,863,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of EG. Principal Financial Group Inc. boosted its position in shares of Everest Group by 5.5% in the 3rd quarter. Principal Financial Group Inc. now owns 53,892 shares of the company's stock valued at $21,117,000 after purchasing an additional 2,818 shares during the period. CWA Asset Management Group LLC acquired a new stake in Everest Group during the 3rd quarter valued at $340,000. Verdence Capital Advisors LLC acquired a new stake in shares of Everest Group during the third quarter worth $389,000. Assetmark Inc. boosted its holdings in shares of Everest Group by 39.7% during the third quarter. Assetmark Inc. now owns 409,989 shares of the company's stock worth $160,646,000 after purchasing an additional 116,559 shares during the last quarter. Finally, Mesirow Financial Investment Management Inc. acquired a new stake in shares of Everest Group during the third quarter worth $262,000. 92.64% of the stock is owned by institutional investors and hedge funds.
Several research firms have commented on EG. Morgan Stanley reissued an "equal weight" rating and issued a $340.00 price objective (down from $425.00) on shares of Everest Group in a research report on Wednesday, February 5th. Keefe, Bruyette & Woods boosted their price objective on Everest Group from $420.00 to $434.00 and gave the company an "outperform" rating in a report on Friday, January 10th. TD Cowen lowered their price objective on Everest Group from $444.00 to $419.00 and set a "hold" rating for the company in a report on Monday, November 18th. Barclays upped their target price on Everest Group from $461.00 to $470.00 and gave the company an "overweight" rating in a report on Tuesday, February 4th. Finally, BMO Capital Markets lowered Everest Group from an "outperform" rating to a "market perform" rating and lowered their target price for the company from $453.00 to $375.00 in a report on Thursday, January 30th. Six 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, the company has an average rating of "Hold" and an average target price of $416.50.
Read Our Latest Research Report on EG
Shares of Everest Group stock traded up $0.34 during midday trading on Friday, reaching $363.88. The company had a trading volume of 359,689 shares, compared to its average volume of 434,802. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $15.62 billion, a price-to-earnings ratio of 11.58, a price-to-earnings-growth ratio of 0.24 and a beta of 0.61. The stock has a fifty day simple moving average of $352.43 and a 200 day simple moving average of $369.55. Everest Group, Ltd. has a 1-year low of $327.37 and a 1-year high of $407.30.
Everest Group (NYSE:EG - Get Free Report) last announced its quarterly earnings data on Monday, February 3rd. The company reported ($18.39) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $11.64 by ($30.03). Everest Group had a net margin of 7.95% and a return on equity of 9.04%. As a group, equities research analysts forecast that Everest Group, Ltd. will post 47.93 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 17th will be paid a $2.00 dividend. The ex-dividend date is Monday, March 17th. This represents a $8.00 annualized dividend and a yield of 2.20%. Everest Group's payout ratio is currently 25.47%.
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.
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