Brighton Jones LLC Buys Shares of 2,573 Everest Group, Ltd. $EG

Brighton Jones LLC bought a new stake in Everest Group, Ltd. (NYSE:EG) in the second quarter, Holdings Channel.com reports. The institutional investor bought 2,573 shares of the company’s stock, valued at approximately $875,000.

Other institutional investors have also recently added to or reduced their stakes in the company. SVB Wealth LLC acquired a new stake in Everest Group in the first quarter valued at approximately $30,000. Zions Bancorporation National Association UT acquired a new stake in Everest Group in the first quarter valued at approximately $34,000. Board of the Pension Protection Fund acquired a new stake in Everest Group in the second quarter valued at approximately $34,000. WPG Advisers LLC acquired a new stake in Everest Group in the first quarter valued at approximately $37,000. Finally, Geneos Wealth Management Inc. lifted its stake in Everest Group by 98.9% in the first quarter. Geneos Wealth Management Inc. now owns 181 shares of the company’s stock valued at $66,000 after acquiring an additional 90 shares during the last quarter. 92.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on EG shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Everest Group in a research note on Wednesday, October 8th. Evercore ISI boosted their price objective on shares of Everest Group from $380.00 to $384.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 1st. UBS Group reduced their price objective on shares of Everest Group from $372.00 to $370.00 and set a “neutral” rating for the company in a research note on Wednesday, July 9th. Keefe, Bruyette & Woods boosted their price objective on shares of Everest Group from $405.00 to $416.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 6th. Finally, Citigroup initiated coverage on shares of Everest Group in a research note on Wednesday, August 13th. They issued a “neutral” rating and a $362.00 price objective for the company. Five investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $382.43.

Everest Group Price Performance

NYSE:EG opened at $305.05 on Wednesday. The stock has a market cap of $12.79 billion, a P/E ratio of 23.23, a PEG ratio of 0.23 and a beta of 0.48. Everest Group, Ltd. has a one year low of $302.44 and a one year high of $392.78. The company has a fifty day moving average price of $345.08 and a 200 day moving average price of $342.07. 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 released its earnings results on Monday, October 27th. The company reported $7.54 EPS for the quarter, missing the consensus estimate of $13.39 by ($5.85). The company had revenue of $4.32 billion for the quarter, compared to analyst estimates 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 quarter in the previous year, the company earned $11.80 earnings per share. Analysts anticipate that Everest Group, Ltd. will post 47.93 earnings per share for the current year.

Everest Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Wednesday, September 3rd were issued a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Wednesday, September 3rd. Everest Group’s payout ratio is 60.93%.

Everest Group 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.