Lingohr Asset Management GmbH Has $260,000 Stake in Everest Group, Ltd. (NYSE:EG)

Lingohr Asset Management GmbH decreased its stake in Everest Group, Ltd. (NYSE:EG - Free Report) by 63.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 723 shares of the company's stock after selling 1,239 shares during the period. Lingohr Asset Management GmbH's holdings in Everest Group were worth $260,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of EG. Royal London Asset Management Ltd. grew its position in Everest Group by 0.5% in the 4th quarter. Royal London Asset Management Ltd. now owns 38,357 shares of the company's stock worth $13,903,000 after purchasing an additional 184 shares during the last quarter. Credit Capital Investments LLC bought a new stake in shares of Everest Group in the fourth quarter valued at about $326,000. Xponance Inc. grew its position in Everest Group by 3.1% during the fourth quarter. Xponance Inc. now owns 7,129 shares of the company's stock worth $2,584,000 after buying an additional 216 shares in the last quarter. Intech Investment Management LLC increased its stake in Everest Group by 133.2% during the fourth quarter. Intech Investment Management LLC now owns 63,708 shares of the company's stock valued at $23,092,000 after acquiring an additional 36,384 shares during the period. Finally, Delphi Management Inc. MA raised its holdings in Everest Group by 13.1% in the 4th quarter. Delphi Management Inc. MA now owns 4,272 shares of the company's stock valued at $1,548,000 after acquiring an additional 494 shares in the last quarter. Institutional investors own 92.64% of the company's stock.

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Analysts Set New Price Targets

EG has been the topic of several recent research reports. Barclays lifted their price objective on Everest Group from $461.00 to $470.00 and gave the stock an "overweight" rating in a report on Tuesday, February 4th. Wells Fargo & Company lowered their price target 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. Jefferies Financial Group downgraded shares of Everest Group from a "buy" rating to a "hold" rating and raised their price objective for the stock from $420.00 to $429.00 in a report on Tuesday, November 26th. Keefe, Bruyette & Woods upped their target price on shares of Everest Group from $420.00 to $434.00 and gave the company an "outperform" rating in a research note on Friday, January 10th. Finally, BMO Capital Markets cut shares of Everest Group from an "outperform" rating to a "market perform" rating and cut their price target for the stock from $453.00 to $375.00 in a research note on Thursday, January 30th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Everest Group has a consensus rating of "Hold" and an average target price of $416.50.

Everest Group Trading Up 2.0 %

Shares of EG stock traded up $6.95 on Monday, reaching $359.37. The company had a trading volume of 463,767 shares, compared to its average volume of 351,239. The stock has a market cap of $15.43 billion, a PE ratio of 11.44, a PEG ratio of 0.24 and a beta of 0.61. The company has a 50-day moving average of $351.06 and a 200-day moving average of $366.88. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.26. Everest Group, Ltd. has a 12 month low of $327.37 and a 12 month high of $407.30.

Everest Group (NYSE:EG - Get Free Report) last posted 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 net margin of 7.95% and a return on equity of 9.04%. On average, equities analysts forecast that Everest Group, Ltd. will post 47.93 earnings per share for the current year.

Everest Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 17th will be given a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a dividend yield of 2.23%. The ex-dividend date is Monday, March 17th. Everest Group's dividend payout ratio is 25.47%.

Insider Transactions at Everest Group

In other news, Director Geraldine Losquadro sold 1,500 shares of the company's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $360.63, for a total transaction of $540,945.00. Following the completion of the transaction, the director now directly owns 12,279 shares of the company's stock, valued at $4,428,175.77. This represents a 10.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.20% of the stock is owned by 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.