Geode Capital Management LLC Has $424.34 Million Stock Position in Everest Group, Ltd. (NYSE:EG)

Geode Capital Management LLC increased its stake in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 0.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,164,081 shares of the company's stock after buying an additional 8,321 shares during the quarter. Geode Capital Management LLC owned 2.71% of Everest Group worth $424,344,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. SBI Securities Co. Ltd. acquired a new stake in shares of Everest Group in the 4th quarter valued at $31,000. Wilmington Savings Fund Society FSB acquired a new position in Everest Group in the third quarter valued at about $64,000. Private Trust Co. NA grew its stake in Everest Group by 48.5% during 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 during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Everest Group by 43.5% during 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 in the last quarter. Finally, Avior Wealth Management LLC boosted its holdings in shares of 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.

Everest Group Stock Down 2.7 %

Shares of EG traded down $9.56 on Thursday, hitting $338.82. The company's stock had a trading volume of 67,431 shares, compared to its average volume of 429,648. The firm's fifty day moving average price is $348.75 and its 200-day moving average price is $363.99. 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 fifty-two week low of $320.00 and a fifty-two week high of $407.30. The firm has a market capitalization of $16.19 billion, a price-to-earnings ratio of 10.79, a P/E/G ratio of 0.24 and a beta of 0.43.

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Everest Group (NYSE:EG - Get Free Report) last announced its earnings results on Monday, February 3rd. The company reported ($18.39) 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%. On average, equities research analysts expect that Everest Group, Ltd. will post 47.93 EPS for the current year.

Everest Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 17th were given a $2.00 dividend. The ex-dividend date was Monday, March 17th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.36%. Everest Group's payout ratio is 25.47%.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. BMO Capital Markets downgraded Everest Group from an "outperform" rating to a "market perform" rating and cut their price objective for the company from $453.00 to $375.00 in a research report on Thursday, January 30th. Barclays boosted their target price on shares of Everest Group from $461.00 to $470.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 4th. UBS Group dropped their target price on Everest Group from $375.00 to $372.00 and set a "neutral" rating for the company in a research report on Wednesday. Morgan Stanley reiterated an "equal weight" rating and set a $340.00 target price (down previously from $425.00) on shares of Everest Group in a research report on Wednesday, February 5th. Finally, Wells Fargo & Company decreased their price objective on Everest Group from $390.00 to $380.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 14th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $408.00.

Insider Activity at Everest Group

In related news, Director Geraldine Losquadro sold 1,500 shares of the company's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $360.63, for a total value of $540,945.00. Following the transaction, the director now directly owns 12,279 shares in the company, valued at approximately $4,428,175.77. This represents a 10.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.20% of the stock is owned by company insiders.

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.