Fuller & Thaler Asset Management Inc. Acquires 5,404 Shares of Everest Group, Ltd. (NYSE:EG)

Fuller & Thaler Asset Management Inc. lifted its holdings in Everest Group, Ltd. (NYSE:EG - Free Report) by 15.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 41,160 shares of the company's stock after purchasing an additional 5,404 shares during the period. Fuller & Thaler Asset Management Inc. owned 0.10% of Everest Group worth $14,919,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Norges Bank acquired a new stake in Everest Group during the fourth quarter worth $488,588,000. Sterling Capital Management LLC grew its stake in shares of Everest Group by 11,756.0% in the 4th quarter. Sterling Capital Management LLC now owns 278,616 shares of the company's stock valued at $100,987,000 after purchasing an additional 276,266 shares during the period. Donald Smith & CO. Inc. acquired a new position in shares of Everest Group in the 4th quarter worth approximately $56,341,000. Raymond James Financial Inc. bought a new position in shares of Everest Group during the 4th quarter worth approximately $48,290,000. Finally, Invesco Ltd. grew its position in Everest Group by 17.2% in the fourth quarter. Invesco Ltd. now owns 855,120 shares of the company's stock valued at $309,947,000 after acquiring an additional 125,271 shares during the period. Institutional investors and hedge funds own 92.64% of the company's stock.

Insiders Place Their Bets

In related 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 sale, the director now owns 12,279 shares of the company's stock, valued at approximately $4,428,175.77. The trade was 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 the SEC website. Insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Morgan Stanley reiterated an "equal weight" rating and set a $340.00 target price (down previously from $425.00) on shares of Everest Group in a research report on Wednesday, February 5th. Wells Fargo & Company decreased their target price on Everest Group from $370.00 to $362.00 and set an "equal weight" rating on the stock in a report on Thursday, April 10th. Jefferies Financial Group upgraded shares of Everest Group from a "hold" rating to a "buy" rating and upped their price target for the stock from $376.00 to $415.00 in a research report on Friday, April 11th. Barclays decreased their price objective on shares of Everest Group from $470.00 to $394.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Finally, Keefe, Bruyette & Woods reduced 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. 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, Everest Group presently has a consensus rating of "Hold" and a consensus target price of $396.00.

Everest Group Trading Up 0.6 %

Shares of Everest Group stock traded up $2.23 during trading on Monday, reaching $355.38. 354,670 shares of the company were exchanged, compared to its average volume of 371,329. The business has a 50-day moving average price of $352.06 and a 200-day moving average price of $360.55. Everest Group, Ltd. has a twelve month low of $320.00 and a twelve month high of $407.30. The firm has a market capitalization of $16.98 billion, a price-to-earnings ratio of 11.31, a P/E/G ratio of 0.24 and a beta of 0.43. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.26.

Everest Group (NYSE:EG - Get Free Report) last released its quarterly 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 net margin of 7.95% and a return on equity of 9.04%. Sell-side analysts anticipate that Everest Group, Ltd. will post 47.93 EPS 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 paid a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 2.25%. The ex-dividend date was Monday, March 17th. Everest Group's payout ratio is 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.