Everest Group, Ltd. (NYSE:EG) Stock Holdings Increased by New Vernon Investment Management LLC

New Vernon Investment Management LLC lifted its position in Everest Group, Ltd. (NYSE:EG - Free Report) by 126.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,850 shares of the company's stock after buying an additional 11,093 shares during the period. Everest Group makes up about 4.3% of New Vernon Investment Management LLC's portfolio, making the stock its 7th largest position. New Vernon Investment Management LLC's holdings in Everest Group were worth $7,195,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of EG. Vanguard Group Inc. lifted its stake in Everest Group by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 5,560,030 shares of the company's stock valued at $2,015,288,000 after acquiring an additional 43,793 shares during the period. Norges Bank acquired a new stake in Everest Group during the 4th quarter valued at approximately $488,588,000. Franklin Resources Inc. lifted its stake in Everest Group by 0.4% during the 4th quarter. Franklin Resources Inc. now owns 1,281,611 shares of the company's stock valued at $464,533,000 after acquiring an additional 4,544 shares during the period. Geode Capital Management LLC lifted its stake in Everest Group by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 1,164,081 shares of the company's stock valued at $424,344,000 after acquiring an additional 8,321 shares during the period. Finally, Invesco Ltd. lifted its stake 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 purchasing an additional 125,271 shares during the period. Hedge funds and other institutional investors own 92.64% of the company's stock.

Wall Street Analysts Forecast Growth

EG has been the subject of several analyst reports. UBS Group decreased their target price on shares of Everest Group from $375.00 to $372.00 and set a "neutral" rating for the company in a research note on Wednesday, April 9th. Keefe, Bruyette & Woods reduced their price objective on shares of Everest Group from $434.00 to $402.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Jefferies Financial Group upgraded shares of Everest Group from a "hold" rating to a "buy" rating and upped their price objective for the stock from $376.00 to $415.00 in a research report on Friday, April 11th. Wells Fargo & Company reduced their price objective on shares of 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. Finally, BMO Capital Markets cut shares of Everest Group from an "outperform" rating to a "market perform" rating and reduced their price objective for the stock from $453.00 to $375.00 in a research report on Thursday, January 30th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $396.00.

Everest Group Trading Up 0.6 %

NYSE:EG traded up $2.23 on Monday, hitting $355.38. The stock had a trading volume of 354,670 shares, compared to its average volume of 371,329. The company has a fifty day moving average price of $352.44 and a two-hundred day moving average price of $360.28. Everest Group, Ltd. has a 1-year low of $320.00 and a 1-year high of $407.30. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.26. The stock has a market cap of $16.98 billion, a price-to-earnings ratio of 11.31, a PEG ratio of 0.24 and a beta of 0.43.

Everest Group (NYSE:EG - Get Free Report) last released 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%. Equities research analysts expect that Everest Group, Ltd. will post 47.93 earnings per share for the current fiscal year.

Everest Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 17th were given a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date was Monday, March 17th. Everest Group's payout ratio is 25.47%.

Insider Buying and Selling at Everest Group

In other Everest Group news, Director Geraldine Losquadro sold 1,500 shares of the business'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 value of $540,945.00. Following the sale, the director now owns 12,279 shares of the company's stock, valued at $4,428,175.77. The trade was 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. 1.10% of the stock is owned by corporate insiders.

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.