Prospector Partners LLC Has $20.67 Million Holdings in Everest Group, Ltd. (NYSE:EG)

Prospector Partners LLC grew its position in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 31.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 57,031 shares of the company's stock after buying an additional 13,530 shares during the quarter. Everest Group makes up about 2.3% of Prospector Partners LLC's investment portfolio, making the stock its 8th largest holding. Prospector Partners LLC owned approximately 0.13% of Everest Group worth $20,671,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Verition Fund Management LLC lifted its holdings in Everest Group by 43.7% in the 3rd quarter. Verition Fund Management LLC now owns 3,558 shares of the company's stock worth $1,394,000 after purchasing an additional 1,082 shares during the last quarter. Investment Management Corp of Ontario raised its position in shares of Everest Group by 9.7% in the third quarter. Investment Management Corp of Ontario now owns 1,428 shares of the company's stock valued at $560,000 after purchasing an additional 126 shares during the period. Integrated Wealth Concepts LLC lifted its stake in shares of Everest Group by 96.1% in the third quarter. Integrated Wealth Concepts LLC now owns 1,837 shares of the company's stock worth $720,000 after buying an additional 900 shares during the last quarter. Royal London Asset Management Ltd. boosted its holdings in shares of Everest Group by 9.9% during the 3rd quarter. Royal London Asset Management Ltd. now owns 38,173 shares of the company's stock worth $14,957,000 after buying an additional 3,423 shares during the period. Finally, Quantinno Capital Management LP grew its stake in Everest Group by 0.6% in the 3rd quarter. Quantinno Capital Management LP now owns 9,311 shares of the company's stock valued at $3,648,000 after buying an additional 60 shares during the last quarter. Institutional investors own 92.64% of the company's stock.

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Analysts Set New Price Targets

EG has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods cut their target price on shares of Everest Group from $434.00 to $402.00 and set an "outperform" rating for the company in a research report on Wednesday. Morgan Stanley reissued an "equal weight" rating and set a $340.00 price objective (down previously from $425.00) on shares of Everest Group in a research report on Wednesday, February 5th. Jefferies Financial Group raised Everest Group from a "hold" rating to a "buy" rating and raised their target price for the company from $376.00 to $415.00 in a report on Friday. BMO Capital Markets lowered Everest Group from an "outperform" rating to a "market perform" rating and cut their price target for the stock from $453.00 to $375.00 in a report on Thursday, January 30th. Finally, Barclays raised their price objective 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. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $404.44.

Everest Group Stock Performance

Shares of EG traded up $7.89 on Friday, reaching $349.29. 122,674 shares of the stock traded hands, compared to its average volume of 369,495. The stock's 50-day moving average price is $348.66 and its 200-day moving average price is $363.70. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.40 and a quick ratio of 0.40. The firm has a market cap of $16.69 billion, a price-to-earnings ratio of 11.04, a P/E/G ratio of 0.24 and a beta of 0.43. Everest Group, Ltd. has a 12 month low of $320.00 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 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%. Equities analysts forecast that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Everest Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 17th were paid a $2.00 dividend. The ex-dividend date was Monday, March 17th. This represents a $8.00 annualized dividend and a dividend yield of 2.29%. Everest Group's dividend payout ratio is currently 25.47%.

Insider Buying and Selling

In related news, Director Geraldine Losquadro sold 1,500 shares of Everest Group stock in a transaction dated 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 directly owns 12,279 shares of the company's stock, valued at $4,428,175.77. This trade represents a 10.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.20% of the stock is owned by corporate insiders.

Everest Group 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.