CANADA LIFE ASSURANCE Co Purchases 1,821 Shares of Everest Group, Ltd. (NYSE:EG)

CANADA LIFE ASSURANCE Co increased its holdings in Everest Group, Ltd. (NYSE:EG - Free Report) by 5.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,264 shares of the company's stock after acquiring an additional 1,821 shares during the period. CANADA LIFE ASSURANCE Co owned about 0.09% of Everest Group worth $13,858,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its position in Everest Group by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 5,560,030 shares of the company's stock worth $2,015,288,000 after purchasing an additional 43,793 shares in the last quarter. Norges Bank acquired a new stake in Everest Group during the 4th quarter worth $488,588,000. Franklin Resources Inc. lifted its stake in Everest Group by 0.4% in the fourth quarter. Franklin Resources Inc. now owns 1,281,611 shares of the company's stock valued at $464,533,000 after buying an additional 4,544 shares during the period. Geode Capital Management LLC grew its holdings in Everest Group by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 1,164,081 shares of the company's stock valued at $424,344,000 after purchasing an additional 8,321 shares during the period. Finally, Invesco Ltd. increased its position in shares of Everest Group by 17.2% in the 4th quarter. Invesco Ltd. now owns 855,120 shares of the company's stock valued at $309,947,000 after buying an additional 125,271 shares in the last quarter. 92.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. BMO Capital Markets lowered Everest Group from an "outperform" rating to a "market perform" rating and dropped their target price for the stock from $453.00 to $375.00 in a report on Thursday, January 30th. Morgan Stanley reaffirmed an "equal weight" rating and issued a $340.00 target price (down from $425.00) on shares of Everest Group in a report on Wednesday, February 5th. 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 report on Wednesday, April 9th. Barclays cut their price objective on shares of Everest Group from $470.00 to $394.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Finally, Keefe, Bruyette & Woods decreased their target price on Everest Group from $434.00 to $402.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $396.00.

Insider Activity at Everest Group

In other news, Director Geraldine Losquadro sold 1,500 shares of the company'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 transaction of $540,945.00. Following the transaction, the director now directly owns 12,279 shares of the company's stock, valued at $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 Securities & Exchange Commission, which is available through this link. 1.20% of the stock is currently owned by company insiders.

Everest Group Price Performance

NYSE:EG traded down $0.95 during mid-day trading on Thursday, reaching $355.25. The stock had a trading volume of 357,496 shares, compared to its average volume of 371,386. Everest Group, Ltd. has a 12 month low of $320.00 and a 12 month high of $407.30. The stock has a market capitalization of $16.98 billion, a PE ratio of 11.31, a P/E/G ratio of 0.24 and a beta of 0.43. 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 stock has a 50-day simple moving average of $351.75 and a two-hundred day simple moving average of $361.12.

Everest Group (NYSE:EG - Get Free Report) last issued its earnings results 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 return on equity of 9.04% and a net margin of 7.95%. On average, equities analysts anticipate that Everest Group, Ltd. will post 47.93 earnings per share for the current year.

Everest Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 17th were paid 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 is 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.