Latest Updates on Everest Group: Analyst Ratings, Financial Results, and Dividend Increase
Everest Group, Ltd. (NYSE: EG) has been making waves in the financial markets recently, with several hedge funds making significant changes to their positions in the company. BNP Paribas Financial Markets, for example, lessened its position in Everest Group by 58.9% in the first quarter, selling 50,386 shares. Other hedge funds, such as Intech Investment Management LLC and Dai ichi Life Insurance Company Ltd, also made moves to increase their stakes in the company.
Analysts have been closely watching Everest Group as well, with several research firms setting new price targets for the stock. Wells Fargo & Company, Keefe, Bruyette & Woods, and Morgan Stanley have all adjusted their price targets for Everest Group, with varying ratings for the company.
In terms of trading, Everest Group saw a 2.8% increase in its stock price, opening at $373.04 on Tuesday. The company’s quarterly earnings results were also positive, with Everest Group reporting $16.32 EPS for the quarter, beating the consensus estimate. The company also announced an increase in its quarterly dividend, providing shareholders with a boost in returns.
Everest Group, Ltd. operates in the reinsurance and insurance industry, providing products both domestically and internationally. The company’s strong financial performance and strategic moves in the market have caught the attention of investors and analysts alike.
For more information on Everest Group and its latest developments, investors can visit HoldingsChannel.com for the latest 13F filings and insider trades.
