Boston Partners Cuts Position in Everest Group, Ltd. (NYSE:EG)

Boston Partners reduced its holdings in Everest Group, Ltd. (NYSE:EG - Free Report) by 50.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 674,333 shares of the company's stock after selling 698,318 shares during the period. Boston Partners owned about 1.57% of Everest Group worth $244,420,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC boosted its stake in Everest Group by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,155,760 shares of the company's stock worth $453,818,000 after purchasing an additional 16,180 shares during the last quarter. William Blair Investment Management LLC boosted its stake in Everest Group by 10.5% during the fourth quarter. William Blair Investment Management LLC now owns 642,813 shares of the company's stock worth $232,994,000 after buying an additional 61,026 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Everest Group by 6.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 490,691 shares of the company's stock worth $192,267,000 after buying an additional 30,458 shares during the last quarter. Assetmark Inc. boosted its stake in Everest Group by 1.4% during the fourth quarter. Assetmark Inc. now owns 415,638 shares of the company's stock worth $150,652,000 after buying an additional 5,649 shares during the last quarter. Finally, FMR LLC boosted its stake in Everest Group by 21.5% during the third quarter. FMR LLC now owns 410,861 shares of the company's stock worth $160,988,000 after buying an additional 72,822 shares during the last quarter. 92.64% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

EG has been the subject of several analyst reports. Keefe, Bruyette & Woods increased their price target on shares of Everest Group from $420.00 to $434.00 and gave the company an "outperform" rating in a research note on Friday, January 10th. Jefferies Financial Group lowered Everest Group from a "buy" rating to a "hold" rating and upped their price target for the company from $420.00 to $429.00 in a research note on Tuesday, November 26th. Barclays upped their price target on Everest Group from $461.00 to $470.00 and gave the company an "overweight" rating in a research note on Tuesday, February 4th. 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. Finally, Morgan Stanley restated an "equal weight" rating and set a $340.00 price target (down from $425.00) on shares of Everest Group in a research report on Wednesday, February 5th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, Everest Group has an average rating of "Hold" and an average price target of $416.50.

Insider Buying and Selling at Everest Group

In other Everest Group news, Director Geraldine Losquadro sold 1,500 shares of the company's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $360.63, for a total transaction of $540,945.00. Following the completion of 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.20% of the stock is owned by company insiders.

Everest Group Stock Down 0.5 %

Shares of NYSE:EG traded down $1.61 during trading on Friday, hitting $353.19. 1,348,612 shares of the company were exchanged, compared to its average volume of 350,780. Everest Group, Ltd. has a 12-month low of $327.37 and a 12-month high of $407.30. The stock has a market capitalization of $15.16 billion, a P/E ratio of 11.24, 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. The firm's 50 day moving average price is $350.90 and its 200-day moving average price is $367.27.

Everest Group (NYSE:EG - Get Free Report) last posted its 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%. On average, research analysts predict that Everest Group, Ltd. will post 47.93 earnings per share for the current fiscal year.

Everest Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 17th will be given a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend is Monday, March 17th. Everest Group's dividend payout ratio (DPR) is presently 25.47%.

About Everest Group

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.