Nebula Research & Development LLC Purchases New Position in Everest Group, Ltd. (NYSE:EG)

Nebula Research & Development LLC acquired a new position in shares of Everest Group, Ltd. (NYSE:EG - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,773 shares of the company's stock, valued at approximately $1,005,000.

Other institutional investors have also modified their holdings of the company. Dakota Wealth Management raised its stake in Everest Group by 1.7% during the 4th quarter. Dakota Wealth Management now owns 1,945 shares of the company's stock worth $705,000 after acquiring an additional 32 shares in the last quarter. Wilmington Savings Fund Society FSB increased its position in shares of Everest Group by 19.6% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 195 shares of the company's stock worth $71,000 after purchasing an additional 32 shares in the last quarter. Steph & Co. lifted its holdings in shares of Everest Group by 10.6% in the 4th quarter. Steph & Co. now owns 366 shares of the company's stock valued at $133,000 after purchasing an additional 35 shares during the last quarter. Lester Murray Antman dba SimplyRich boosted its position in shares of Everest Group by 2.7% in the 4th quarter. Lester Murray Antman dba SimplyRich now owns 1,328 shares of the company's stock valued at $481,000 after purchasing an additional 35 shares during the period. Finally, Foundations Investment Advisors LLC grew its stake in Everest Group by 5.9% during the 4th quarter. Foundations Investment Advisors LLC now owns 661 shares of the company's stock worth $239,000 after buying an additional 37 shares during the last quarter. Hedge funds and other institutional investors own 92.64% of the company's stock.

Insider Activity at Everest Group

In related news, Director Geraldine Losquadro sold 1,500 shares of Everest Group stock in a transaction on 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 approximately $4,428,175.77. The trade was a 10.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on EG. Keefe, Bruyette & Woods decreased their price objective on Everest Group from $434.00 to $402.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Jefferies Financial Group upgraded shares of Everest Group from a "hold" rating to a "buy" rating and increased their price target for the stock from $376.00 to $415.00 in a research note on Friday, April 11th. BMO Capital Markets lowered shares of Everest Group from an "outperform" rating to a "market perform" rating and dropped their price objective for the company from $453.00 to $375.00 in a research note on Thursday, January 30th. Wells Fargo & Company decreased their target price on shares of Everest Group from $370.00 to $362.00 and set an "equal weight" rating for the company in a research note on Thursday, April 10th. Finally, UBS Group dropped their price target on Everest Group from $375.00 to $372.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 9th. Five 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.com, Everest Group has an average rating of "Hold" and an average target price of $396.00.

Everest Group Price Performance

Shares of NYSE:EG opened at $353.32 on Friday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.26. The company has a 50-day moving average price of $352.06 and a 200 day moving average price of $360.78. Everest Group, Ltd. has a 52 week low of $320.00 and a 52 week high of $407.30. The company has a market cap of $16.88 billion, a P/E ratio of 11.25, a PEG ratio of 0.24 and a beta of 0.43.

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 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%. Research analysts predict that Everest Group, Ltd. will post 47.93 earnings per share for the current year.

Everest Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 17th were issued a $2.00 dividend. The ex-dividend date was Monday, March 17th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.26%. Everest Group's dividend payout ratio is presently 25.47%.

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.

Want to see what other hedge funds are holding EG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Everest Group, Ltd. (NYSE:EG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.