Aviva PLC Acquires 13,338 Shares of Everest Group, Ltd. (NYSE:EG)

Aviva PLC grew its position in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 105.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,043 shares of the company's stock after acquiring an additional 13,338 shares during the quarter. Aviva PLC owned 0.06% of Everest Group worth $9,440,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new stake in Everest Group during the fourth quarter worth $31,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Everest Group in the 3rd quarter worth about $64,000. Private Trust Co. NA grew its position in Everest Group by 48.5% during the fourth quarter. Private Trust Co. NA now owns 196 shares of the company's stock valued at $71,000 after buying an additional 64 shares during the period. EverSource Wealth Advisors LLC increased its holdings in Everest Group by 43.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 211 shares of the company's stock worth $76,000 after buying an additional 64 shares during the last quarter. Finally, Avior Wealth Management LLC raised its position in Everest Group by 22.4% in the fourth quarter. Avior Wealth Management LLC now owns 257 shares of the company's stock worth $93,000 after acquiring an additional 47 shares during the period. Institutional investors own 92.64% of the company's stock.

Analyst Ratings Changes

EG has been the topic of several research analyst reports. Keefe, Bruyette & Woods dropped their price objective on Everest Group from $434.00 to $402.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. UBS Group cut their price target on Everest Group from $375.00 to $372.00 and set a "neutral" rating for the company in a research note on Wednesday, April 9th. Morgan Stanley reaffirmed an "equal weight" rating and set a $340.00 price objective (down from $425.00) on shares of Everest Group in a report on Wednesday, February 5th. Jefferies Financial Group upgraded shares of Everest Group from a "hold" rating to a "buy" rating and lifted their target price for the stock from $376.00 to $415.00 in a research note on Friday. Finally, Wells Fargo & Company dropped their price target on shares of Everest Group from $370.00 to $362.00 and set an "equal weight" rating on the stock in a research note on Thursday. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $396.00.

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Insider Transactions at Everest Group

In related news, Director Geraldine Losquadro sold 1,500 shares of the business's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $360.63, for a total value of $540,945.00. Following the completion of the sale, the director now owns 12,279 shares in the company, valued at $4,428,175.77. The trade was a 10.89 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.20% of the company's stock.

Everest Group Price Performance

Shares of EG stock traded up $5.52 on Monday, reaching $355.06. The company's stock had a trading volume of 29,625 shares, compared to its average volume of 369,775. The company has a market capitalization of $16.97 billion, a P/E ratio of 11.30, a PEG ratio of 0.24 and a beta of 0.43. Everest Group, Ltd. has a 12-month low of $320.00 and a 12-month high of $407.30. The stock's 50 day simple moving average is $348.82 and its 200-day simple moving average is $363.30. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.26.

Everest Group (NYSE:EG - Get Free Report) last released its quarterly earnings results on Monday, February 3rd. The company reported ($18.39) earnings per share for the quarter, missing the consensus estimate 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 analysts predict that Everest Group, Ltd. will post 47.93 earnings per share for the current fiscal year.

Everest Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 17th were paid a $2.00 dividend. The ex-dividend date was Monday, March 17th. This represents a $8.00 dividend on an annualized basis and a yield of 2.25%. Everest Group's dividend payout ratio is presently 25.47%.

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.