Everest Group, Ltd. (NYSE:EG) Shares Acquired by National Bank of Canada FI

National Bank of Canada FI boosted its stake in Everest Group, Ltd. (NYSE:EG - Free Report) by 1,275.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 21,204 shares of the company's stock after purchasing an additional 19,662 shares during the period. National Bank of Canada FI's holdings in Everest Group were worth $7,686,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new position in Everest Group during the 4th quarter worth about $31,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Everest Group in the third quarter valued at approximately $64,000. Private Trust Co. NA grew its holdings in shares of Everest Group by 48.5% in the fourth quarter. Private Trust Co. NA now owns 196 shares of the company's stock valued at $71,000 after purchasing an additional 64 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Everest Group by 43.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 211 shares of the company's stock worth $76,000 after buying an additional 64 shares during the period. Finally, Avior Wealth Management LLC boosted its position in Everest Group by 22.4% in the 4th quarter. Avior Wealth Management LLC now owns 257 shares of the company's stock valued at $93,000 after buying an additional 47 shares during the period. Hedge funds and other institutional investors own 92.64% of the company's stock.

Insider Transactions at Everest Group

In related news, Director Geraldine Losquadro sold 1,500 shares of the firm's 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 transaction, the director now directly owns 12,279 shares of the company's stock, valued at $4,428,175.77. This trade represents a 10.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.20% of the company's stock.

Remove Ads

Analysts Set New Price Targets

A number of research firms recently issued reports on EG. Morgan Stanley reiterated an "equal weight" rating and issued a $340.00 target price (down from $425.00) on shares of Everest Group in a report on Wednesday, February 5th. UBS Group decreased their price objective on Everest Group from $375.00 to $372.00 and set a "neutral" rating for the company in a research note on Wednesday. Barclays raised their target price on shares of Everest Group from $461.00 to $470.00 and gave the company an "overweight" rating in a report on Tuesday, February 4th. BMO Capital Markets cut shares of Everest Group from an "outperform" rating to a "market perform" rating and lowered their price target for the stock from $453.00 to $375.00 in a report on Thursday, January 30th. Finally, Wells Fargo & Company reduced their price objective 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. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, Everest Group currently has an average rating of "Hold" and an average target price of $408.00.

Everest Group Stock Performance

Everest Group stock traded down $6.65 during trading hours on Thursday, reaching $341.73. 54,372 shares of the stock were exchanged, compared to its average volume of 368,928. Everest Group, Ltd. has a 52-week low of $320.00 and a 52-week high of $407.30. 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's 50 day moving average is $348.75 and its 200 day moving average is $363.99. The stock has a market cap of $16.33 billion, a P/E ratio of 10.89, a P/E/G ratio of 0.24 and a beta of 0.43.

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

Everest Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 17th were given a dividend of $2.00 per share. The ex-dividend date was Monday, March 17th. This represents a $8.00 annualized dividend and a dividend yield of 2.34%. Everest Group's payout ratio is currently 25.47%.

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.