Everest Group, Ltd. (NYSE:EG) Shares Acquired by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC lifted its position in Everest Group, Ltd. (NYSE:EG - Free Report) by 37.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,216 shares of the company's stock after purchasing an additional 13,650 shares during the period. Grantham Mayo Van Otterloo & Co. LLC owned about 0.12% of Everest Group worth $18,201,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in EG. SBI Securities Co. Ltd. purchased a new stake in shares of Everest Group in the fourth quarter valued at approximately $31,000. Wilmington Savings Fund Society FSB purchased a new stake in Everest Group in the 3rd quarter worth $64,000. Private Trust Co. NA raised its position in Everest Group by 48.5% during the fourth quarter. Private Trust Co. NA now owns 196 shares of the company's stock worth $71,000 after acquiring an additional 64 shares during the period. EverSource Wealth Advisors LLC raised its position in Everest Group by 43.5% during 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 during the period. Finally, Avior Wealth Management LLC lifted its holdings in Everest Group by 22.4% during the fourth quarter. Avior Wealth Management LLC now owns 257 shares of the company's stock valued at $93,000 after purchasing an additional 47 shares in the last quarter. 92.64% of the stock is owned by hedge funds and other institutional investors.

Everest Group Trading Up 2.0 %

Shares of NYSE EG traded up $6.74 during mid-day trading on Friday, reaching $348.14. 98,141 shares of the company's stock were exchanged, compared to its average volume of 369,393. The company's 50-day moving average is $348.66 and its 200-day moving average is $363.70. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.40 and a current ratio of 0.40. The firm has a market capitalization of $16.64 billion, a price-to-earnings ratio of 11.07, a PEG ratio of 0.24 and a beta of 0.43. Everest Group, Ltd. has a 52-week low of $320.00 and a 52-week high of $407.30.

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Everest Group (NYSE:EG - Get Free Report) last announced its earnings results on Monday, February 3rd. The company reported ($18.39) earnings per share 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%. Analysts expect that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Everest Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 17th were issued a $2.00 dividend. The ex-dividend date was Monday, March 17th. This represents a $8.00 annualized dividend and a yield of 2.30%. Everest Group's dividend payout ratio (DPR) is presently 25.47%.

Insider Buying and Selling at Everest Group

In other Everest Group news, Director Geraldine Losquadro sold 1,500 shares of Everest Group 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 $4,428,175.77. The trade was a 10.89 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

EG has been the subject of a number of research reports. Wells Fargo & Company cut their target price on shares of Everest Group from $370.00 to $362.00 and set an "equal weight" rating for the company in a research note on Thursday. 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 report on Wednesday. BMO Capital Markets cut Everest Group from an "outperform" rating to a "market perform" rating and cut their price target for the company from $453.00 to $375.00 in a report on Thursday, January 30th. Morgan Stanley reissued an "equal weight" rating and set a $340.00 price objective (down previously from $425.00) on shares of Everest Group in a research note on Wednesday, February 5th. Finally, Barclays lifted their price target on Everest Group from $461.00 to $470.00 and gave the stock an "overweight" rating in a report on Tuesday, February 4th. Five 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 stock has an average rating of "Hold" and an average target price of $404.44.

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.