HighTower Advisors LLC Has $1.44 Million Stock Position in Everest Group, Ltd. (NYSE:EG)

HighTower Advisors LLC boosted its stake in Everest Group, Ltd. (NYSE:EG - Free Report) by 68.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,963 shares of the company's stock after purchasing an additional 1,614 shares during the quarter. HighTower Advisors LLC's holdings in Everest Group were worth $1,436,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. SBI Securities Co. Ltd. bought a new position in shares of Everest Group in the 4th quarter valued at $31,000. Brooklyn Investment Group bought a new position in Everest Group in the third quarter valued at about $39,000. Private Trust Co. NA raised its stake in Everest Group by 51.7% during the third quarter. Private Trust Co. NA now owns 132 shares of the company's stock worth $52,000 after acquiring an additional 45 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Everest Group in the third quarter worth about $64,000. Finally, Avior Wealth Management LLC boosted its stake 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 valued at $93,000 after purchasing an additional 47 shares in the last quarter. Institutional investors own 92.64% of the company's stock.

Everest Group Trading Down 1.6 %

Shares of EG traded down $6.01 during mid-day trading on Friday, reaching $361.50. 253,509 shares of the company were exchanged, compared to its average volume of 366,160. The business has a 50 day simple moving average of $351.46 and a two-hundred day simple moving average of $366.73. 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 stock has a market capitalization of $15.52 billion, a PE ratio of 11.51, a PEG ratio of 0.24 and a beta of 0.61. Everest Group, Ltd. has a 52 week low of $327.37 and a 52 week high of $407.30.

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Everest Group (NYSE:EG - Get Free Report) last released its quarterly 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%. On average, analysts predict that Everest Group, Ltd. will post 47.93 earnings per share for the current fiscal year.

Everest Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 17th will be given a dividend of $2.00 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $8.00 dividend on an annualized basis and a yield of 2.21%. Everest Group's dividend payout ratio (DPR) is currently 25.47%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Wells Fargo & Company dropped their price objective on shares of 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. Morgan Stanley reissued an "equal weight" rating and set a $340.00 price objective (down previously from $425.00) on shares of Everest Group in a report on Wednesday, February 5th. Barclays boosted 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. BMO Capital Markets downgraded Everest Group from an "outperform" rating to a "market perform" rating and dropped their target price for the company from $453.00 to $375.00 in a research report on Thursday, January 30th. 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 report on Friday, January 10th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $416.50.

Insiders Place Their Bets

In other news, Director Geraldine Losquadro sold 1,500 shares of the firm's stock in a transaction that occurred 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 completion of 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 sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.20% of the company's stock.

Everest Group Company 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.