Everest Group, Ltd. (NYSE:EG) Shares Bought by Franklin Resources Inc.

Franklin Resources Inc. grew its stake in Everest Group, Ltd. (NYSE:EG - Free Report) by 0.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,281,611 shares of the company's stock after purchasing an additional 4,544 shares during the period. Franklin Resources Inc. owned about 2.98% of Everest Group worth $464,533,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new position in Everest Group in the 4th quarter worth about $31,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Everest Group during the 3rd quarter worth approximately $64,000. Private Trust Co. NA lifted its position in shares of Everest Group by 48.5% during the 4th quarter. Private Trust Co. NA now owns 196 shares of the company's stock valued at $71,000 after buying an additional 64 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Everest Group by 43.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 211 shares of the company's stock valued at $76,000 after acquiring an additional 64 shares during the period. Finally, Avior Wealth Management LLC increased its holdings in Everest Group by 22.4% in the 4th quarter. Avior Wealth Management LLC now owns 257 shares of the company's stock worth $93,000 after acquiring an additional 47 shares in the last quarter. Institutional investors and hedge funds own 92.64% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Wells Fargo & Company decreased 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. BMO Capital Markets lowered shares of Everest Group from an "outperform" rating to a "market perform" rating and decreased their price target for the company from $453.00 to $375.00 in a research note on Thursday, January 30th. Morgan Stanley reiterated an "equal weight" rating and set a $340.00 price objective (down from $425.00) on shares of Everest Group in a research note on Wednesday, February 5th. Barclays raised their target price on Everest Group from $461.00 to $470.00 and gave the company an "overweight" rating in a research report on Tuesday, February 4th. Finally, Keefe, Bruyette & Woods boosted their price target on Everest Group from $420.00 to $434.00 and gave the stock an "outperform" rating in a research report on Friday, January 10th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $416.50.

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Insider Buying and Selling at Everest Group

In other Everest Group news, Director Geraldine Losquadro sold 1,500 shares of Everest Group stock in a transaction 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 sale, the director now owns 12,279 shares in the company, valued at $4,428,175.77. The trade was a 10.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.20% of the stock is currently owned by company insiders.

Everest Group Price Performance

Shares of NYSE:EG traded down $3.42 during midday trading on Thursday, hitting $361.92. The company had a trading volume of 337,524 shares, compared to its average volume of 366,161. Everest Group, Ltd. has a twelve month low of $327.37 and a twelve month high of $407.30. The stock has a market cap of $15.54 billion, a price-to-earnings ratio of 11.52, a price-to-earnings-growth ratio of 0.24 and a beta of 0.61. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.40 and a quick ratio of 0.40. The business's 50-day simple moving average is $351.50 and its 200-day simple moving average is $366.15.

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%. On average, research analysts predict that Everest Group, Ltd. will post 47.93 earnings per share for the current year.

Everest Group Announces Dividend

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 dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date was Monday, March 17th. 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.