Invesco Ltd. Acquires 125,271 Shares of Everest Group, Ltd. (NYSE:EG)

Invesco Ltd. boosted its position in Everest Group, Ltd. (NYSE:EG - Free Report) by 17.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 855,120 shares of the company's stock after buying an additional 125,271 shares during the quarter. Invesco Ltd. owned approximately 1.99% of Everest Group worth $309,947,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Everest Group Price Performance

NYSE:EG traded down $0.10 during mid-day trading on Tuesday, reaching $352.92. The stock had a trading volume of 87,577 shares, compared to its average volume of 369,874. Everest Group, Ltd. has a one year low of $320.00 and a one year 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 50 day moving average price of $349.08 and a two-hundred day moving average price of $363.00. The stock has a market capitalization of $16.86 billion, a P/E ratio of 11.24, 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 quarterly earnings data 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 net margin of 7.95% and a return on equity of 9.04%. As a group, analysts expect that Everest Group, Ltd. will post 47.93 earnings per share for the current year.

Everest Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 17th were issued a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend was Monday, March 17th. Everest Group's dividend payout ratio is presently 25.47%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on EG shares. Barclays cut their price objective on shares of Everest Group from $470.00 to $394.00 and set an "overweight" rating for the company in a research report on Friday. BMO Capital Markets lowered shares of Everest Group from an "outperform" rating to a "market perform" rating and reduced their price target for the company from $453.00 to $375.00 in a research report on Thursday, January 30th. Wells Fargo & Company lowered their price objective on Everest Group from $370.00 to $362.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 10th. UBS Group reduced 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, April 9th. Finally, Keefe, Bruyette & Woods lowered their price target on Everest Group from $434.00 to $402.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $396.00.

Insider Buying and Selling

In other Everest Group news, Director Geraldine Losquadro sold 1,500 shares of the stock in a transaction 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 represents a 10.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.20% of the stock is owned by corporate insiders.

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.