Schroder Investment Management Group Has $3.93 Million Position in Everest Group, Ltd. (NYSE:EG)

Schroder Investment Management Group lessened its position in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 87.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,931 shares of the company's stock after selling 76,583 shares during the quarter. Schroder Investment Management Group's holdings in Everest Group were worth $3,932,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of EG. Dakota Wealth Management boosted its stake in Everest Group by 1.7% in the fourth quarter. Dakota Wealth Management now owns 1,945 shares of the company's stock worth $705,000 after purchasing an additional 32 shares in the last quarter. Wilmington Savings Fund Society FSB increased its holdings in Everest Group by 19.6% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 195 shares of the company's stock valued at $71,000 after purchasing an additional 32 shares during the last quarter. Steph & Co. increased its holdings 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 holdings 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 valued at $481,000 after purchasing an additional 35 shares during the last quarter. Finally, Foundations Investment Advisors LLC increased its holdings 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 worth $239,000 after acquiring an additional 37 shares in the last quarter. Institutional investors and hedge funds own 92.64% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Morgan Stanley reaffirmed an "equal weight" rating and set a $340.00 price objective (down from $425.00) on shares of Everest Group in a research report on Wednesday, February 5th. BMO Capital Markets cut Everest Group from an "outperform" rating to a "market perform" rating and reduced their price objective for the stock from $453.00 to $375.00 in a research report on Thursday, January 30th. Barclays upped their price objective on Everest Group from $461.00 to $470.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 4th. Keefe, Bruyette & Woods reduced their price target on Everest Group from $434.00 to $402.00 and set an "outperform" rating for the company in a research report on Wednesday. Finally, 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. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $408.00.

Insiders Place Their Bets

In related news, Director Geraldine Losquadro sold 1,500 shares of the firm's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $360.63, for a total transaction of $540,945.00. Following the sale, the director now 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 legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.20% of the company's stock.

Everest Group Stock Performance

Shares of NYSE EG traded down $3.24 during trading hours on Thursday, reaching $345.14. 31,371 shares of the stock were exchanged, compared to its average volume of 429,036. The stock's fifty day simple moving average is $348.75 and its 200 day simple moving average is $363.99. 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 has a market capitalization of $16.49 billion, a price-to-earnings ratio of 10.99, a P/E/G ratio of 0.24 and a beta of 0.43.

Everest Group (NYSE:EG - Get Free Report) last posted its quarterly earnings data on Monday, February 3rd. The company reported ($18.39) 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%. 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 disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 17th were paid a dividend of $2.00 per share. The ex-dividend date was Monday, March 17th. This represents a $8.00 dividend on an annualized basis and a yield of 2.32%. Everest Group's dividend payout ratio (DPR) is presently 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.