FIL Ltd Boosts Stock Position in Everest Group, Ltd. (NYSE:EG)

FIL Ltd lifted its position in Everest Group, Ltd. (NYSE:EG - Free Report) by 3.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 107,878 shares of the company's stock after buying an additional 4,052 shares during the period. FIL Ltd owned approximately 0.25% of Everest Group worth $39,101,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of EG. SBI Securities Co. Ltd. bought a new stake in shares of Everest Group during the 4th quarter valued at about $31,000. Wilmington Savings Fund Society FSB bought a new stake in Everest Group during the third quarter valued at about $64,000. Private Trust Co. NA increased its position in Everest Group by 48.5% in the fourth quarter. Private Trust Co. NA now owns 196 shares of the company's stock worth $71,000 after buying an additional 64 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Everest Group by 43.5% in the fourth 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 lifted its position in shares of Everest Group by 22.4% during 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 in the last quarter. 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 business'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 transaction, the director now directly owns 12,279 shares in the company, valued at $4,428,175.77. The trade was a 10.89 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.20% of the company's stock.

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Everest Group Trading Down 0.6 %

EG traded down $2.22 during trading on Tuesday, hitting $350.80. 167,480 shares of the stock were exchanged, compared to its average volume of 370,217. Everest Group, Ltd. has a 1 year low of $320.00 and a 1 year high of $407.30. The firm has a market cap of $16.76 billion, a price-to-earnings ratio of 11.17, a P/E/G ratio of 0.24 and a beta of 0.43. The firm has a 50 day simple moving average of $349.08 and a 200 day simple moving average of $363.00. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.40 and a current ratio of 0.40.

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 the consensus estimate of $11.64 by ($30.03). Everest Group had a return on equity of 9.04% and a net margin of 7.95%. As a group, equities analysts expect that Everest Group, Ltd. will post 47.93 EPS for the current year.

Everest Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 17th were issued a $2.00 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.28%. Everest Group's dividend payout ratio is presently 25.47%.

Wall Street Analyst Weigh In

EG has been the topic of a number of recent analyst reports. Wells Fargo & Company decreased their target price on shares of Everest Group from $370.00 to $362.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 10th. Barclays reduced their price objective on shares of Everest Group from $470.00 to $394.00 and set an "overweight" rating on the stock in a research report on Friday. UBS Group cut their target price on shares of Everest Group from $375.00 to $372.00 and set a "neutral" rating for the company in a research note on Wednesday, April 9th. Keefe, Bruyette & Woods lowered their target price on Everest Group from $434.00 to $402.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Finally, Jefferies Financial Group upgraded Everest Group from a "hold" rating to a "buy" rating and upped their price objective for the company from $376.00 to $415.00 in a research report on Friday. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $396.00.

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.