Everest Group, Ltd. (NYSE:EG) Short Interest Up 5.6% in January

Everest Group, Ltd. (NYSE:EG) was the recipient of a significant growth in short interest in January. As of January 15th, there was short interest totalling 611,600 shares, a growth of 5.6% from the December 31st total of 579,200 shares. Currently, 1.9% of the company’s stock are sold short. Based on an average daily volume of 420,400 shares, the days-to-cover ratio is presently 1.5 days.

Everest Group Trading Down 0.5 %

EG opened at $345.85 on Tuesday. The firm’s fifty day moving average is $364.45 and its two-hundred day moving average is $374.69. The firm has a market cap of $14.86 billion, a PE ratio of 5.41, a price-to-earnings-growth ratio of 2.50 and a beta of 0.65. Everest Group has a twelve month low of $341.00 and a twelve month high of $407.30. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.40 and a current ratio of 0.40.

Everest Group (NYSE:EG) last issued its quarterly earnings data on Monday, February 3rd. The company reported ($18.39) EPS for the quarter, missing the consensus estimate of $11.64 by ($30.03). Everest Group had a return on equity of 22.45% and a net margin of 16.99%. Equities research analysts anticipate that Everest Group will post 36.3 EPS for the current year.

Everest Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Wednesday, November 27th were given a $2.00 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $8.00 annualized dividend and a dividend yield of 2.31%. Everest Group’s dividend payout ratio is presently 12.52%.

Insider Buying and Selling at Everest Group

In other Everest Group news, COO James Allan Williamson sold 200 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $370.00, for a total value of $74,000.00. Following the completion of the sale, the chief operating officer now directly owns 15,009 shares of the company’s stock, valued at $5,553,330. The trade was a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.20% of the company’s stock.

Institutional Trading of Everest Group

Several hedge funds have recently bought and sold shares of EG. Ipswich Investment Management Co. Inc. bought a new stake in shares of Everest Group in the fourth quarter valued at about $761,000. VisionPoint Advisory Group LLC bought a new stake in Everest Group in the 4th quarter valued at approximately $304,000. Hussman Strategic Advisors Inc. acquired a new position in Everest Group during the 4th quarter worth approximately $761,000. Handelsbanken Fonder AB grew its stake in shares of Everest Group by 166.9% during the 4th quarter. Handelsbanken Fonder AB now owns 6,368 shares of the company’s stock worth $2,308,000 after acquiring an additional 3,982 shares in the last quarter. Finally, Ieq Capital LLC raised its holdings in shares of Everest Group by 89.7% in the fourth quarter. Ieq Capital LLC now owns 1,614 shares of the company’s stock valued at $585,000 after purchasing an additional 763 shares during the last quarter. 92.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on EG shares. Keefe, Bruyette & Woods boosted their price objective on shares of Everest Group from $420.00 to $434.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. Wells Fargo & Company decreased their price target on Everest Group from $390.00 to $380.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Barclays cut their target price on shares of Everest Group from $499.00 to $461.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 28th. UBS Group upgraded shares of Everest Group to a “hold” rating in a research report on Wednesday, October 9th. Finally, Jefferies Financial Group downgraded shares of Everest Group from a “buy” rating to a “hold” rating and boosted their price target for the stock from $420.00 to $429.00 in a research note on Tuesday, November 26th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Everest Group has an average rating of “Hold” and a consensus target price of $422.56.

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.