Mediolanum International Funds Ltd Buys 8,658 Shares of Everest Group, Ltd. (NYSE:EG)

Mediolanum International Funds Ltd lifted its stake in Everest Group, Ltd. (NYSE:EG - Free Report) by 36.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,098 shares of the company's stock after purchasing an additional 8,658 shares during the quarter. Mediolanum International Funds Ltd owned 0.07% of Everest Group worth $11,517,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Baader Bank Aktiengesellschaft acquired a new position in Everest Group in the 4th quarter worth about $202,000. R Squared Ltd acquired a new position in Everest Group in the fourth quarter worth approximately $207,000. Foundations Investment Advisors LLC lifted its stake in Everest Group by 5.9% in the fourth quarter. Foundations Investment Advisors LLC now owns 661 shares of the company's stock valued at $239,000 after acquiring an additional 37 shares during the last quarter. Mount Yale Investment Advisors LLC grew its position in Everest Group by 4.9% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 12,388 shares of the company's stock worth $4,490,000 after acquiring an additional 580 shares in the last quarter. Finally, Pacer Advisors Inc. grew its position in Everest Group by 51.4% in the fourth quarter. Pacer Advisors Inc. now owns 5,882 shares of the company's stock worth $2,132,000 after acquiring an additional 1,997 shares in the last quarter. 92.64% of the stock is currently owned by institutional investors and hedge funds.

Everest Group Stock Performance

Shares of NYSE EG traded down $1.24 during trading hours on Tuesday, reaching $344.03. The stock had a trading volume of 467,833 shares, compared to its average volume of 422,555. The company has a market cap of $14.79 billion, a price-to-earnings ratio of 5.38, a PEG ratio of 2.50 and a beta of 0.65. Everest Group, Ltd. has a twelve month low of $336.49 and a twelve month high of $407.30. The business's fifty day moving average is $364.45 and its two-hundred day moving average is $374.69. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.40 and a quick ratio of 0.40.

Everest Group (NYSE:EG - Get Free Report) last issued its earnings results on Monday, February 3rd. The company reported ($18.39) earnings per share for the quarter, missing the consensus estimate of $11.64 by ($30.03). Everest Group had a net margin of 16.99% and a return on equity of 22.45%. As a group, research analysts expect that Everest Group, Ltd. will post 36.3 EPS for the current year.

Everest Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th were given a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date was Wednesday, November 27th. Everest Group's dividend payout ratio (DPR) is 12.52%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Barclays boosted their price target on Everest Group from $461.00 to $470.00 and gave the stock an "overweight" rating in a research report on Tuesday. Keefe, Bruyette & Woods raised 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. BMO Capital Markets cut shares of Everest Group from an "outperform" rating to a "market perform" rating and decreased their price target for the company from $453.00 to $375.00 in a report on Thursday, January 30th. Bank of America dropped their price objective on Everest Group from $496.00 to $485.00 and set a "buy" rating on the stock in a research note on Thursday, October 10th. Finally, Wells Fargo & Company decreased their target price 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 equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $423.56.

Insiders Place Their Bets

In other news, COO James Allan Williamson sold 200 shares of the stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $370.00, for a total transaction of $74,000.00. Following the sale, the chief operating officer now owns 15,009 shares in the company, valued at approximately $5,553,330. This represents a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.20% of the company's stock.

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.