KLP Kapitalforvaltning AS Takes $5.31 Million Position in Everest Group, Ltd. (NYSE:EG)

KLP Kapitalforvaltning AS acquired a new stake in shares of Everest Group, Ltd. (NYSE:EG - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 14,641 shares of the company's stock, valued at approximately $5,307,000.

Several other institutional investors have also added to or reduced their stakes in EG. Sei Investments Co. grew its stake in shares of Everest Group by 34.8% during the fourth quarter. Sei Investments Co. now owns 138,935 shares of the company's stock worth $50,353,000 after buying an additional 35,904 shares during the last quarter. Mizuho Securities USA LLC lifted its stake in shares of Everest Group by 45.2% in the fourth quarter. Mizuho Securities USA LLC now owns 4,073 shares of the company's stock worth $1,476,000 after acquiring an additional 1,267 shares during the period. Virtu Financial LLC bought a new stake in Everest Group in the fourth quarter valued at approximately $1,011,000. Quantbot Technologies LP increased its position in Everest Group by 268.7% during the 4th quarter. Quantbot Technologies LP now owns 12,520 shares of the company's stock valued at $4,538,000 after purchasing an additional 9,124 shares during the period. Finally, Blueshift Asset Management LLC raised its holdings in Everest Group by 64.0% during the 4th quarter. Blueshift Asset Management LLC now owns 1,015 shares of the company's stock worth $368,000 after purchasing an additional 396 shares during the last quarter. 92.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Everest Group

In other news, Director Geraldine Losquadro sold 1,500 shares of the company's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $360.63, for a total value of $540,945.00. Following the completion of the sale, the director now owns 12,279 shares in the company, valued at $4,428,175.77. This represents a 10.89 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.20% of the company's stock.

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Analysts Set New Price Targets

EG has been the topic of a number of analyst reports. Morgan Stanley reaffirmed an "equal weight" rating and issued a $340.00 price objective (down from $425.00) on shares of Everest Group in a research note on Wednesday, February 5th. Barclays upped their price target on shares of Everest Group from $461.00 to $470.00 and gave the company an "overweight" rating in a research report on Tuesday, February 4th. Wells Fargo & Company lowered their price objective on Everest Group from $390.00 to $380.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 14th. BMO Capital Markets lowered Everest Group from an "outperform" rating to a "market perform" rating and cut their target price for the company from $453.00 to $375.00 in a research report on Thursday, January 30th. Finally, Keefe, Bruyette & Woods raised their target price on Everest Group from $420.00 to $434.00 and gave the stock an "outperform" rating in a research note on Friday, January 10th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $416.50.

Everest Group Stock Down 1.5 %

Shares of NYSE EG traded down $5.37 during midday trading on Friday, hitting $362.14. 67,592 shares of the stock traded hands, compared to its average volume of 436,917. 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, Ltd. has a one year low of $327.37 and a one year high of $407.30. The business has a 50 day moving average price of $351.46 and a two-hundred day moving average price of $366.73. The company has a market cap of $15.55 billion, a PE ratio of 11.53, a P/E/G ratio of 0.24 and a beta of 0.61.

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

Everest Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 17th will be given a $2.00 dividend. The ex-dividend date is Monday, March 17th. This represents a $8.00 annualized dividend and a yield of 2.21%. Everest Group's payout ratio is 25.47%.

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.