Envestnet Asset Management Inc. Acquires 119,944 Shares of Everest Group, Ltd. (NYSE:EG)

Envestnet Asset Management Inc. increased its position in Everest Group, Ltd. (NYSE:EG - Free Report) by 352.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 153,938 shares of the company's stock after buying an additional 119,944 shares during the quarter. Envestnet Asset Management Inc. owned about 0.36% of Everest Group worth $55,796,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of EG. SBI Securities Co. Ltd. bought a new position in shares of Everest Group in the fourth quarter valued at $31,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Everest Group in the 3rd quarter valued at $64,000. Private Trust Co. NA boosted its holdings in shares of Everest Group by 48.5% in the fourth quarter. Private Trust Co. NA now owns 196 shares of the company's stock worth $71,000 after buying an additional 64 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of Everest Group by 43.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 211 shares of the company's stock worth $76,000 after acquiring an additional 64 shares in the last quarter. Finally, Avior Wealth Management LLC increased its position in shares of Everest Group by 22.4% in the fourth quarter. Avior Wealth Management LLC now owns 257 shares of the company's stock worth $93,000 after acquiring an additional 47 shares in the last quarter. Institutional investors own 92.64% of the company's stock.

Everest Group Stock Down 0.0 %

NYSE:EG traded down $0.10 during mid-day trading on Tuesday, reaching $352.92. The stock had a trading volume of 72,730 shares, compared to its average volume of 369,806. 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 market cap of $16.86 billion, a P/E ratio of 11.23, a PEG ratio of 0.24 and a beta of 0.43. The business's 50 day moving average is $349.08 and its 200 day moving average is $363.00. Everest Group, Ltd. has a fifty-two week low of $320.00 and a fifty-two week high of $407.30.

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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 return on equity of 9.04% and a net margin of 7.95%. As a group, sell-side analysts predict that Everest Group, Ltd. will post 47.93 earnings per share for the current year.

Everest Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 17th were issued a dividend of $2.00 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $8.00 annualized dividend and a yield of 2.27%. Everest Group's dividend payout ratio (DPR) is currently 25.47%.

Insiders Place Their Bets

In related 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 sale, the director now directly owns 12,279 shares of the company's stock, valued at approximately $4,428,175.77. This represents a 10.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.20% of the company's stock.

Wall Street Analysts Forecast Growth

EG has been the topic of several research analyst reports. Jefferies Financial Group upgraded shares of Everest Group from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $376.00 to $415.00 in a research report on Friday. Keefe, Bruyette & Woods dropped their price target 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. Wells Fargo & Company reduced their price objective on Everest Group from $370.00 to $362.00 and set an "equal weight" rating for the company in a research note on Thursday, April 10th. UBS Group lowered their target price on Everest Group from $375.00 to $372.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 9th. Finally, Morgan Stanley reissued an "equal weight" rating and issued a $340.00 price target (down from $425.00) on shares of Everest Group in a research report on Wednesday, February 5th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $396.00.

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.