Dimensional Fund Advisors LP Raises Stock Position in Everest Group, Ltd. (NYSE:EG)

Dimensional Fund Advisors LP grew its position in Everest Group, Ltd. (NYSE:EG - Free Report) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 572,132 shares of the company's stock after buying an additional 13,138 shares during the period. Dimensional Fund Advisors LP owned 1.33% of Everest Group worth $207,368,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. GeoWealth Management LLC raised its holdings in Everest Group by 862.7% in the 4th quarter. GeoWealth Management LLC now owns 645 shares of the company's stock valued at $234,000 after buying an additional 578 shares during the period. CANADA LIFE ASSURANCE Co raised its stake in shares of Everest Group by 5.0% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 38,264 shares of the company's stock valued at $13,858,000 after acquiring an additional 1,821 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of Everest Group by 38.1% in the 4th quarter. NewEdge Advisors LLC now owns 1,928 shares of the company's stock worth $699,000 after acquiring an additional 532 shares during the last quarter. United Capital Financial Advisors LLC lifted its holdings in shares of Everest Group by 7.1% in the 4th quarter. United Capital Financial Advisors LLC now owns 888 shares of the company's stock worth $322,000 after acquiring an additional 59 shares during the last quarter. Finally, Jump Financial LLC boosted its position in shares of Everest Group by 19.6% during the 4th quarter. Jump Financial LLC now owns 8,979 shares of the company's stock worth $3,255,000 after purchasing an additional 1,473 shares during the period. Institutional investors and hedge funds own 92.64% of the company's stock.

Insider Activity 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 completion of the sale, the director now directly owns 12,279 shares of the company's stock, valued at approximately $4,428,175.77. This trade represents a 10.89 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.20% of the stock is owned by insiders.

Everest Group Trading Up 4.2 %

NYSE EG opened at $357.12 on Wednesday. The stock has a market capitalization of $17.06 billion, a PE ratio of 11.37, a price-to-earnings-growth ratio of 0.24 and a beta of 0.43. The firm has a 50 day moving average of $350.84 and a two-hundred day moving average of $361.27. 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.

Everest Group (NYSE:EG - Get Free Report) last announced its quarterly 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 net margin of 7.95% and a return on equity of 9.04%. As a group, research analysts expect that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Everest Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 17th were given a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend was Monday, March 17th. Everest Group's dividend payout ratio (DPR) is 25.47%.

Analyst Ratings Changes

A number of research analysts have commented on the company. Barclays decreased their price target on Everest Group from $470.00 to $394.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Wells Fargo & Company dropped their target price on Everest Group from $370.00 to $362.00 and set an "equal weight" rating for the company in a research report on Thursday, April 10th. BMO Capital Markets lowered shares of Everest Group from an "outperform" rating to a "market perform" rating and cut their price target for the stock from $453.00 to $375.00 in a research note on Thursday, January 30th. Morgan Stanley reissued an "equal weight" rating and issued a $340.00 price objective (down previously from $425.00) on shares of Everest Group in a research note on Wednesday, February 5th. Finally, UBS Group cut their target price on shares of Everest Group from $375.00 to $372.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 9th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Everest Group presently has an average rating of "Hold" and a consensus target price of $396.00.

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.

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