Cerity Partners LLC Has $10.11 Million Holdings in Everest Group, Ltd. (NYSE:EG)

Cerity Partners LLC boosted its stake in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 9.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,800 shares of the company's stock after purchasing an additional 2,331 shares during the quarter. Cerity Partners LLC owned 0.06% of Everest Group worth $10,110,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Stifel Financial Corp grew its holdings in shares of Everest Group by 3.9% during the 3rd quarter. Stifel Financial Corp now owns 4,347 shares of the company's stock worth $1,704,000 after purchasing an additional 162 shares in the last quarter. EP Wealth Advisors LLC bought a new stake in Everest Group during the third quarter worth about $302,000. MML Investors Services LLC increased its holdings in shares of Everest Group by 35.1% during the third quarter. MML Investors Services LLC now owns 1,143 shares of the company's stock worth $448,000 after buying an additional 297 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its stake in shares of Everest Group by 0.7% in the third quarter. Nomura Asset Management Co. Ltd. now owns 12,789 shares of the company's stock valued at $5,011,000 after acquiring an additional 95 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Everest Group in the 3rd quarter worth approximately $7,625,000. 92.64% of the stock is owned by institutional investors.

Insider Activity at Everest Group

In other Everest Group news, Director Geraldine Losquadro sold 1,500 shares of the business's stock in a transaction dated 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 transaction, the director now directly owns 12,279 shares of the company's stock, valued at approximately $4,428,175.77. The trade was a 10.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.20% of the company's stock.

Remove Ads

Everest Group Trading Up 1.3 %

EG stock traded up $4.44 during midday trading on Wednesday, reaching $354.29. The company's stock had a trading volume of 58,518 shares, compared to its average volume of 424,714. The business's 50-day simple moving average is $349.36 and its 200-day simple moving average is $362.91. 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, Ltd. has a 52 week low of $320.00 and a 52 week high of $407.30. The stock has a market cap of $16.93 billion, a PE ratio of 11.28, a price-to-earnings-growth ratio of 0.24 and a beta of 0.43.

Everest Group (NYSE:EG - Get Free Report) last announced its quarterly earnings data on Monday, February 3rd. The company reported ($18.39) EPS for the quarter, missing analysts' consensus estimates of $11.64 by ($30.03). Everest Group had a return on equity of 9.04% and a net margin of 7.95%. As a group, sell-side analysts expect that Everest Group, Ltd. will post 47.93 EPS for the current year.

Everest Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 17th were paid a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 2.26%. The ex-dividend date of this dividend was Monday, March 17th. Everest Group's payout ratio is 25.47%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Keefe, Bruyette & Woods cut 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. BMO Capital Markets downgraded shares of Everest Group from an "outperform" rating to a "market perform" rating and reduced their price target for the stock from $453.00 to $375.00 in a research report on Thursday, January 30th. UBS Group lowered their price objective on shares of Everest Group from $375.00 to $372.00 and set a "neutral" rating for the company in a research report on Wednesday, April 9th. Morgan Stanley reiterated an "equal weight" rating and set a $340.00 target price (down from $425.00) on shares of Everest Group in a research report on Wednesday, February 5th. Finally, Jefferies Financial Group raised shares of Everest Group from a "hold" rating to a "buy" rating and increased their price target for the company from $376.00 to $415.00 in a research note on Friday, April 11th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Everest Group currently has an average rating of "Hold" and an average target price of $396.00.

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.