Everest Group, Ltd. (NYSE:EG) Stake Increased by Assetmark Inc.

Assetmark Inc. increased its stake in Everest Group, Ltd. (NYSE:EG - Free Report) by 1.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 415,638 shares of the company's stock after purchasing an additional 5,649 shares during the quarter. Assetmark Inc. owned 0.97% of Everest Group worth $150,652,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Geode Capital Management LLC increased its holdings in shares of Everest Group by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,155,760 shares of the company's stock valued at $453,818,000 after purchasing an additional 16,180 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Everest Group by 6.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 490,691 shares of the company's stock valued at $192,267,000 after acquiring an additional 30,458 shares in the last quarter. Mizuho Securities USA LLC increased its holdings in Everest Group by 12,263.1% during the 3rd quarter. Mizuho Securities USA LLC now owns 415,400 shares of the company's stock valued at $162,766,000 after acquiring an additional 412,040 shares in the last quarter. FMR LLC increased its holdings in Everest Group by 21.5% during the 3rd quarter. FMR LLC now owns 410,861 shares of the company's stock valued at $160,988,000 after acquiring an additional 72,822 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Everest Group by 442.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 308,155 shares of the company's stock valued at $120,744,000 after acquiring an additional 251,337 shares in the last quarter. Hedge funds and other institutional investors own 92.64% of the company's stock.

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Analysts Set New Price Targets

Several research firms have weighed in on EG. BMO Capital Markets downgraded shares of Everest Group from an "outperform" rating to a "market perform" rating and dropped their target price for the company from $453.00 to $375.00 in a report on Thursday, January 30th. Morgan Stanley reaffirmed an "equal weight" rating and set a $340.00 price target (down from $425.00) on shares of Everest Group in a research note on Wednesday, February 5th. Keefe, Bruyette & Woods raised their target price 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. TD Cowen decreased their target price on shares of Everest Group from $444.00 to $419.00 and set a "hold" rating on the stock in a research report on Monday, November 18th. Finally, Wells Fargo & Company decreased their target price on shares of Everest Group from $390.00 to $380.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 14th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $416.50.

Everest Group Trading Up 0.1 %

EG stock traded up $0.34 during midday trading on Friday, reaching $363.88. 359,689 shares of the company's stock traded hands, compared to its average volume of 434,802. The company has a market capitalization of $15.62 billion, a P/E ratio of 11.58, a PEG ratio of 0.24 and a beta of 0.61. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.40 and a quick ratio of 0.40. Everest Group, Ltd. has a fifty-two week low of $327.37 and a fifty-two week high of $407.30. The business has a 50-day moving average price of $352.36 and a two-hundred day moving average price of $369.71.

Everest Group (NYSE:EG - Get Free Report) last announced its quarterly earnings results on Monday, February 3rd. The company reported ($18.39) earnings per share 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%. Equities research analysts forecast that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Everest Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 17th will be paid a dividend of $2.00 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.20%. Everest Group's dividend payout ratio is currently 25.47%.

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.