Natixis Has $4.50 Million Stock Holdings in Everest Group, Ltd. (NYSE:EG)

Natixis boosted its holdings in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 32.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,423 shares of the company's stock after purchasing an additional 3,027 shares during the quarter. Natixis' holdings in Everest Group were worth $4,503,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of EG. Dakota Wealth Management increased its holdings in shares of Everest Group by 1.7% during the 4th quarter. Dakota Wealth Management now owns 1,945 shares of the company's stock worth $705,000 after purchasing an additional 32 shares during the period. Wilmington Savings Fund Society FSB grew its position in Everest Group by 19.6% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 195 shares of the company's stock worth $71,000 after buying an additional 32 shares in the last quarter. Steph & Co. increased its stake in Everest Group by 10.6% during the fourth quarter. Steph & Co. now owns 366 shares of the company's stock valued at $133,000 after acquiring an additional 35 shares during the period. Lester Murray Antman dba SimplyRich raised its holdings in Everest Group by 2.7% in the 4th quarter. Lester Murray Antman dba SimplyRich now owns 1,328 shares of the company's stock valued at $481,000 after acquiring an additional 35 shares in the last quarter. Finally, Foundations Investment Advisors LLC raised its holdings in Everest Group by 5.9% in the 4th quarter. Foundations Investment Advisors LLC now owns 661 shares of the company's stock valued at $239,000 after acquiring an additional 37 shares in the last quarter. Institutional investors and hedge funds own 92.64% of the company's stock.

Everest Group Price Performance

Everest Group stock traded down $1.87 during trading hours on Friday, hitting $353.32. 256,098 shares of the stock were exchanged, compared to its average volume of 371,087. Everest Group, Ltd. has a 12 month low of $320.00 and a 12 month high of $407.30. The business's 50-day moving average is $352.06 and its two-hundred day moving average is $360.98. 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 stock has a market capitalization of $16.88 billion, a P/E ratio of 11.25, a P/E/G 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 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%. Equities research analysts expect that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Everest Group Announces Dividend

The firm also recently declared 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 of this dividend was Monday, March 17th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.26%. Everest Group's dividend payout ratio is 25.47%.

Insider Buying and Selling

In other Everest Group news, Director Geraldine Losquadro sold 1,500 shares of the stock in a transaction 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 transaction, the director now directly owns 12,279 shares in the company, valued at approximately $4,428,175.77. This trade represents a 10.89 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

EG has been the subject of several research reports. Wells Fargo & Company reduced 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. Keefe, Bruyette & Woods decreased their target price on shares of Everest Group from $434.00 to $402.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Morgan Stanley reissued an "equal weight" rating and issued a $340.00 price target (down previously from $425.00) on shares of Everest Group in a research report on Wednesday, February 5th. BMO Capital Markets downgraded Everest Group from an "outperform" rating to a "market perform" rating and decreased their price objective for the company from $453.00 to $375.00 in a report on Thursday, January 30th. Finally, Jefferies Financial Group raised Everest Group from a "hold" rating to a "buy" rating and increased their target price for the stock from $376.00 to $415.00 in a report on Friday, April 11th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently 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.