Natixis Advisors LLC Acquires 3,156 Shares of Everest Group, Ltd. (NYSE:EG)

Natixis Advisors LLC raised its stake in Everest Group, Ltd. (NYSE:EG - Free Report) by 12.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,566 shares of the company's stock after acquiring an additional 3,156 shares during the quarter. Natixis Advisors LLC owned about 0.07% of Everest Group worth $10,716,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Geode Capital Management LLC raised its holdings in Everest Group by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,155,760 shares of the company's stock valued at $453,818,000 after acquiring an additional 16,180 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in Everest Group by 6.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 490,691 shares of the company's stock valued at $192,267,000 after acquiring an additional 30,458 shares during the period. Assetmark Inc. raised its holdings in Everest Group by 1.4% in the 4th quarter. Assetmark Inc. now owns 415,638 shares of the company's stock valued at $150,652,000 after acquiring an additional 5,649 shares during the period. FMR LLC increased its holdings in shares of Everest Group by 21.5% during the third quarter. FMR LLC now owns 410,861 shares of the company's stock worth $160,988,000 after purchasing an additional 72,822 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Everest Group by 442.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 308,155 shares of the company's stock worth $120,744,000 after purchasing an additional 251,337 shares during the period. 92.64% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

Several research analysts have recently commented on EG shares. Wells Fargo & Company lowered their target price on shares of Everest Group from $390.00 to $380.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 14th. Morgan Stanley reaffirmed an "equal weight" rating and set a $340.00 target price (down from $425.00) on shares of Everest Group in a report on Wednesday, February 5th. Jefferies Financial Group cut shares of Everest Group from a "buy" rating to a "hold" rating and raised their target price for the stock from $420.00 to $429.00 in a report on Tuesday, November 26th. Keefe, Bruyette & Woods raised their target price on shares of Everest Group from $420.00 to $434.00 and gave the stock an "outperform" rating in a report on Friday, January 10th. Finally, Barclays raised their target price on shares of Everest Group from $461.00 to $470.00 and gave the stock an "overweight" rating in a report on Tuesday, February 4th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $416.50.

Insider Buying and Selling at Everest Group

In other news, Director Geraldine Losquadro sold 1,500 shares of the firm'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 transaction, the director now 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.20% of the company's stock.

Everest Group Price Performance

Shares of NYSE EG traded down $1.61 during trading hours on Friday, hitting $353.19. 1,348,612 shares of the stock were exchanged, compared to its average volume of 350,780. 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 company has a market cap of $15.16 billion, a PE ratio of 11.24, a price-to-earnings-growth ratio of 0.24 and a beta of 0.61. The company's fifty day simple moving average is $350.90 and its two-hundred day simple moving average is $367.27. Everest Group, Ltd. has a 1-year low of $327.37 and a 1-year high of $407.30.

Everest Group (NYSE:EG - Get Free Report) last posted its quarterly earnings results on Monday, February 3rd. The company reported ($18.39) earnings per share (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%. On average, sell-side analysts predict that Everest Group, Ltd. will post 47.93 EPS for the current year.

Everest Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 17th will be given a $2.00 dividend. The ex-dividend date is Monday, March 17th. This represents a $8.00 dividend on an annualized basis and a yield of 2.27%. Everest Group's dividend payout ratio is currently 25.47%.

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.