Everest Group, Ltd. (NYSE:EG) Shares Acquired by Bank of Nova Scotia

Bank of Nova Scotia increased its position in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 263.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 114,487 shares of the company's stock after buying an additional 82,956 shares during the period. Bank of Nova Scotia owned about 0.27% of Everest Group worth $41,497,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in EG. Janney Montgomery Scott LLC lifted its holdings in Everest Group by 152.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 22,693 shares of the company's stock worth $8,225,000 after buying an additional 13,687 shares during the period. JPMorgan Chase & Co. boosted its position in Everest Group by 19.5% during the third quarter. JPMorgan Chase & Co. now owns 78,469 shares of the company's stock valued at $30,747,000 after purchasing an additional 12,791 shares in the last quarter. Brophy Wealth Management LLC purchased a new position in Everest Group in the third quarter valued at about $749,000. Principal Financial Group Inc. raised its holdings in Everest Group by 5.5% in the third quarter. Principal Financial Group Inc. now owns 53,892 shares of the company's stock worth $21,117,000 after purchasing an additional 2,818 shares in the last quarter. Finally, Stifel Financial Corp lifted its position in shares of Everest Group by 3.9% during the third quarter. Stifel Financial Corp now owns 4,347 shares of the company's stock valued at $1,704,000 after buying an additional 162 shares during the last quarter. 92.64% of the stock is owned by hedge funds and other institutional investors.

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Everest Group Stock Performance

Shares of Everest Group stock traded up $5.75 on Monday, reaching $355.29. 54,749 shares of the stock were exchanged, compared to its average volume of 369,874. Everest Group, Ltd. has a twelve month low of $320.00 and a twelve month high of $407.30. The business has a 50 day moving average price of $348.82 and a two-hundred day moving average price of $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. The firm has a market capitalization of $16.98 billion, a price-to-earnings ratio of 11.31, a PEG ratio of 0.24 and a beta of 0.43.

Everest Group (NYSE:EG - Get Free Report) last released 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 net margin of 7.95% and a return on equity of 9.04%. Analysts anticipate that Everest Group, Ltd. will post 47.93 earnings per share for the current fiscal year.

Everest Group Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Jefferies Financial Group upgraded shares of Everest Group from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $376.00 to $415.00 in a research note on Friday. Keefe, Bruyette & Woods lowered their price objective on Everest Group from $434.00 to $402.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Morgan Stanley restated an "equal weight" rating and set a $340.00 target price (down from $425.00) on shares of Everest Group in a research note on Wednesday, February 5th. BMO Capital Markets cut Everest Group from an "outperform" rating to a "market perform" rating and decreased their price target for the company from $453.00 to $375.00 in a research note on Thursday, January 30th. Finally, Barclays cut their price objective on shares of Everest Group from $470.00 to $394.00 and set an "overweight" rating on the stock in a report on Friday. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Everest Group presently has a consensus rating of "Hold" and an average price target of $396.00.

Insider Transactions at Everest Group

In other Everest Group news, Director Geraldine Losquadro sold 1,500 shares of the stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $360.63, for a total transaction of $540,945.00. Following the transaction, the director now owns 12,279 shares in the company, valued at approximately $4,428,175.77. This represents a 10.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.20% of the company's stock.

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.