Everest Group, Ltd. (NYSE:EG) Shares Purchased by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC lifted its position in Everest Group, Ltd. (NYSE:EG - Free Report) by 108.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,423 shares of the company's stock after buying an additional 6,466 shares during the quarter. Brandywine Global Investment Management LLC's holdings in Everest Group were worth $4,503,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company increased its stake in Everest Group by 3.1% during the third quarter. The Manufacturers Life Insurance Company now owns 32,133 shares of the company's stock worth $12,591,000 after purchasing an additional 969 shares during the period. FMR LLC grew its holdings in shares of Everest Group by 21.5% in the third quarter. FMR LLC now owns 410,861 shares of the company's stock valued at $160,988,000 after purchasing an additional 72,822 shares in the last quarter. Public Sector Pension Investment Board increased its stake in Everest Group by 2.7% during the 3rd quarter. Public Sector Pension Investment Board now owns 7,544 shares of the company's stock worth $2,956,000 after buying an additional 200 shares during the period. Verition Fund Management LLC increased its stake in Everest Group by 43.7% during the 3rd quarter. Verition Fund Management LLC now owns 3,558 shares of the company's stock worth $1,394,000 after buying an additional 1,082 shares during the period. Finally, Erste Asset Management GmbH acquired a new stake in Everest Group during the 3rd quarter worth approximately $435,000. Institutional investors and hedge funds own 92.64% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on EG. Morgan Stanley reaffirmed an "equal weight" rating and set a $340.00 price objective (down previously from $425.00) on shares of Everest Group in a research report on Wednesday, February 5th. Wells Fargo & Company cut their price target on Everest Group from $390.00 to $380.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 14th. BMO Capital Markets lowered Everest Group from an "outperform" rating to a "market perform" rating and reduced their price target for the company from $453.00 to $375.00 in a research report on Thursday, January 30th. Keefe, Bruyette & Woods boosted their price objective on Everest Group from $420.00 to $434.00 and gave the stock an "outperform" rating in a research report on Friday, January 10th. Finally, Barclays upped their target price on shares of Everest Group from $461.00 to $470.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 4th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Everest Group has an average rating of "Hold" and an average price target of $416.50.

Everest Group Stock Down 6.8 %

Shares of NYSE EG traded down $24.67 during midday trading on Friday, hitting $337.09. 682,856 shares of the company's stock were exchanged, compared to its average volume of 368,157. The firm's fifty day simple moving average is $350.91 and its 200-day simple moving average is $365.44. 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 company has a market cap of $14.47 billion, a PE ratio of 10.73, a P/E/G ratio of 0.24 and a beta of 0.43. Everest Group, Ltd. has a twelve month low of $327.37 and a twelve month high of $407.30.

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

Everest Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 17th were paid a $2.00 dividend. The ex-dividend date was Monday, March 17th. This represents a $8.00 annualized dividend and a yield of 2.37%. Everest Group's dividend payout ratio is presently 25.47%.

Insider Buying and Selling at Everest Group

In other news, Director Geraldine Losquadro sold 1,500 shares of the 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.20% of the stock is currently owned by 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.