Nuance Investments LLC Makes New Investment in Everest Group, Ltd. (NYSE:EG)

Nuance Investments LLC bought a new stake in 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 fund bought 19,982 shares of the company's stock, valued at approximately $7,243,000.

A number of other large investors also recently added to or reduced their stakes in EG. Vanguard Group Inc. increased its stake in Everest Group by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 5,560,030 shares of the company's stock worth $2,015,288,000 after buying an additional 43,793 shares during the period. Geode Capital Management LLC increased its position in shares of Everest Group by 1.4% during the third quarter. Geode Capital Management LLC now owns 1,155,760 shares of the company's stock worth $453,818,000 after acquiring an additional 16,180 shares during the period. William Blair Investment Management LLC lifted its stake in Everest Group by 10.5% in the fourth quarter. William Blair Investment Management LLC now owns 642,813 shares of the company's stock worth $232,994,000 after acquiring an additional 61,026 shares during the last quarter. Assetmark Inc. grew its holdings in Everest Group by 1.4% during the 4th quarter. Assetmark Inc. now owns 415,638 shares of the company's stock worth $150,652,000 after acquiring an additional 5,649 shares in the last quarter. Finally, FMR LLC increased its position in shares of Everest Group by 21.5% in the 3rd 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 during the last quarter. 92.64% of the stock is currently owned by institutional investors and hedge funds.

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Insider Buying and Selling at Everest Group

In other news, Director Geraldine Losquadro sold 1,500 shares of the stock in a transaction that occurred 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. This represents a 10.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

EG has been the subject of a number of analyst reports. 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 research note on Tuesday, February 4th. Wells Fargo & Company lowered their price target on Everest Group from $390.00 to $380.00 and set an "equal weight" rating for the company in a report on Tuesday, January 14th. Keefe, Bruyette & Woods raised their price objective on shares of Everest Group from $420.00 to $434.00 and gave the stock an "outperform" rating in a report on Friday, January 10th. BMO Capital Markets cut shares of Everest Group from an "outperform" rating to a "market perform" rating and lowered their target price for the company from $453.00 to $375.00 in a report on Thursday, January 30th. Finally, Morgan Stanley reiterated an "equal weight" rating and set a $340.00 price target (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 assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $416.50.

Everest Group Stock Performance

Shares of NYSE:EG traded down $6.01 on Friday, reaching $361.50. The company's stock had a trading volume of 253,509 shares, compared to its average volume of 366,658. Everest Group, Ltd. has a 52-week low of $327.37 and a 52-week high of $407.30. The stock has a market capitalization of $15.52 billion, a P/E ratio of 11.51, a PEG ratio of 0.24 and a beta of 0.61. The stock's 50-day moving average is $351.43 and its two-hundred day moving average is $366.45. 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 (NYSE:EG - Get Free Report) last posted its quarterly earnings data 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 return on equity of 9.04% and a net margin of 7.95%. As a group, sell-side analysts forecast that Everest Group, Ltd. will post 47.93 EPS for the current year.

Everest Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 17th were given a $2.00 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $8.00 dividend on an annualized basis and a yield of 2.21%. Everest Group's dividend payout ratio (DPR) is 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.