Everest Group, Ltd. (NYSE:EG) Stock Holdings Increased by Mizuho Securities USA LLC

Mizuho Securities USA LLC raised its holdings in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 45.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,073 shares of the company's stock after buying an additional 1,267 shares during the period. Mizuho Securities USA LLC's holdings in Everest Group were worth $1,476,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Virtu Financial LLC acquired a new position in shares of Everest Group during the fourth quarter worth about $1,011,000. Quantbot Technologies LP lifted 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 worth $4,538,000 after acquiring an additional 9,124 shares in the last quarter. Blueshift Asset Management LLC boosted its holdings in Everest Group by 64.0% in the 4th quarter. Blueshift Asset Management LLC now owns 1,015 shares of the company's stock worth $368,000 after acquiring an additional 396 shares during the period. Royal London Asset Management Ltd. grew its position in Everest Group by 0.5% in the fourth quarter. Royal London Asset Management Ltd. now owns 38,357 shares of the company's stock valued at $13,903,000 after acquiring an additional 184 shares in the last quarter. Finally, Credit Capital Investments LLC purchased a new stake in shares of Everest Group during the fourth quarter valued at approximately $326,000. 92.64% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on EG. Barclays upped their target price on shares of Everest Group from $461.00 to $470.00 and gave the company an "overweight" rating in a research note on Tuesday, February 4th. BMO Capital Markets cut shares of Everest Group from an "outperform" rating to a "market perform" rating and decreased their price objective for the company from $453.00 to $375.00 in a research 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. Wells Fargo & Company dropped their price objective on Everest Group from $390.00 to $380.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 14th. Finally, Morgan Stanley reissued an "equal weight" rating and set a $340.00 price target (down previously from $425.00) on shares of Everest Group in a research report on Wednesday, February 5th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $416.50.

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Insider Transactions at Everest Group

In other news, Director Geraldine Losquadro sold 1,500 shares of the business's 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 transaction, the director now owns 12,279 shares of the company's stock, valued at approximately $4,428,175.77. The trade was a 10.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 1.20% of the company's stock.

Everest Group Stock Performance

EG traded down $5.41 during trading hours on Friday, hitting $362.11. 59,129 shares of the stock were exchanged, compared to its average volume of 365,405. The stock has a market cap of $15.55 billion, a price-to-earnings ratio of 11.54, a price-to-earnings-growth ratio of 0.24 and a beta of 0.61. The stock has a 50-day simple moving average of $351.46 and a 200-day simple moving average of $366.73. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.40 and a quick ratio of 0.40. 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 quarterly 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 return on equity of 9.04% and a net margin of 7.95%. Analysts anticipate 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 will be paid on Friday, March 28th. Stockholders of record on Monday, March 17th will be issued a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a dividend yield of 2.21%. The ex-dividend date is Monday, March 17th. Everest Group's dividend payout ratio (DPR) is presently 25.47%.

Everest Group Company 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.