Mitsubishi UFJ Trust & Banking Corp Cuts Stock Position in Everest Group, Ltd. (NYSE:EG)

Mitsubishi UFJ Trust & Banking Corp trimmed its holdings in Everest Group, Ltd. (NYSE:EG - Free Report) by 10.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,390 shares of the company's stock after selling 3,516 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.07% of Everest Group worth $10,653,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Everest Group by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 5,560,030 shares of the company's stock valued at $2,015,288,000 after purchasing an additional 43,793 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Everest Group by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,155,760 shares of the company's stock valued at $453,818,000 after acquiring an additional 16,180 shares during the last quarter. William Blair Investment Management LLC grew its holdings in shares of Everest Group by 10.5% in the fourth quarter. William Blair Investment Management LLC now owns 642,813 shares of the company's stock valued at $232,994,000 after purchasing an additional 61,026 shares in the last quarter. Assetmark Inc. increased its position in Everest Group by 1.4% in the fourth quarter. Assetmark Inc. now owns 415,638 shares of the company's stock worth $150,652,000 after purchasing an additional 5,649 shares during the last quarter. Finally, FMR LLC raised its stake in Everest Group by 21.5% during the third quarter. FMR LLC now owns 410,861 shares of the company's stock valued at $160,988,000 after purchasing an additional 72,822 shares in the last quarter. Hedge funds and other institutional investors own 92.64% of the company's stock.

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Everest Group Trading Down 1.8 %

EG stock traded down $6.61 during midday trading on Thursday, reaching $358.73. The company's stock had a trading volume of 31,599 shares, compared to its average volume of 364,973. The firm has a market capitalization of $15.40 billion, a price-to-earnings ratio of 11.42, a PEG ratio of 0.24 and a beta of 0.61. Everest Group, Ltd. has a 1 year low of $327.37 and a 1 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 stock has a fifty day simple moving average of $351.50 and a two-hundred day simple moving average of $366.15.

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 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, equities research analysts predict that Everest Group, Ltd. will post 47.93 EPS for the current year.

Everest Group Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Barclays boosted their target price on shares of 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 decreased their price objective on Everest Group from $390.00 to $380.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 14th. BMO Capital Markets cut Everest Group from an "outperform" rating to a "market perform" rating and dropped their target price for the stock from $453.00 to $375.00 in a report on Thursday, January 30th. Keefe, Bruyette & Woods increased their price target on Everest Group from $420.00 to $434.00 and gave the company an "outperform" rating in a report on Friday, January 10th. Finally, Morgan Stanley reaffirmed an "equal weight" rating and set a $340.00 price objective (down from $425.00) on shares of Everest Group in a research note on Wednesday, February 5th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Everest Group currently has an average rating of "Hold" and an average target price of $416.50.

Insider Activity

In other news, Director Geraldine Losquadro sold 1,500 shares of the 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 transaction, the director now directly owns 12,279 shares in the company, valued at approximately $4,428,175.77. This trade represents a 10.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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.