APG Asset Management N.V. Reduces Position in Everest Group, Ltd. (NYSE:EG)

APG Asset Management N.V. lessened its holdings in Everest Group, Ltd. (NYSE:EG - Free Report) by 77.5% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,900 shares of the company's stock after selling 79,035 shares during the period. APG Asset Management N.V. owned approximately 0.05% of Everest Group worth $8,016,000 at the end of the most recent reporting period.

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

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Insider Activity

In related news, Director Geraldine Losquadro sold 1,500 shares of the 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 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on EG shares. Barclays decreased their price objective on Everest Group from $470.00 to $394.00 and set an "overweight" rating for the company in a report on Friday. Morgan Stanley reissued an "equal weight" rating and set a $340.00 target price (down previously from $425.00) on shares of Everest Group in a report on Wednesday, February 5th. UBS Group reduced their price target on Everest Group from $375.00 to $372.00 and set a "neutral" rating for the company in a research report on Wednesday, April 9th. Wells Fargo & Company dropped their price objective 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. Finally, BMO Capital Markets lowered Everest Group from an "outperform" rating to a "market perform" rating and reduced their target price for the company from $453.00 to $375.00 in a report on Thursday, January 30th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Everest Group has a consensus rating of "Hold" and an average target price of $396.00.

Everest Group Price Performance

Shares of EG stock traded down $2.82 during trading on Tuesday, hitting $350.20. The company had a trading volume of 190,345 shares, compared to its average volume of 370,661. The stock's 50-day moving average is $349.08 and its two-hundred day moving average is $363.00. The stock has a market capitalization of $16.73 billion, a price-to-earnings ratio of 11.15, a price-to-earnings-growth 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, Ltd. has a 52 week low of $320.00 and a 52 week high of $407.30.

Everest Group (NYSE:EG - Get Free Report) last posted its quarterly earnings data 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%. As a group, analysts predict that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Everest Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 17th were issued a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date of this dividend was Monday, March 17th. 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.