Prudential PLC Grows Stock Holdings in Everest Group, Ltd. (NYSE:EG)

Prudential PLC grew its position in Everest Group, Ltd. (NYSE:EG - Free Report) by 249.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,979 shares of the company's stock after purchasing an additional 6,406 shares during the quarter. Prudential PLC's holdings in Everest Group were worth $3,255,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new stake in Everest Group during the fourth quarter worth approximately $31,000. Wilmington Savings Fund Society FSB purchased a new stake in Everest Group in the third quarter worth $64,000. Private Trust Co. NA boosted its stake in shares of Everest Group by 48.5% during the fourth quarter. Private Trust Co. NA now owns 196 shares of the company's stock valued at $71,000 after purchasing an additional 64 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of Everest Group by 43.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 211 shares of the company's stock worth $76,000 after purchasing an additional 64 shares during the last quarter. Finally, Avior Wealth Management LLC increased its stake in Everest Group by 22.4% in the 4th quarter. Avior Wealth Management LLC now owns 257 shares of the company's stock worth $93,000 after buying an additional 47 shares during the period. 92.64% of the stock is owned by hedge funds and other institutional investors.

Everest Group Stock Up 2.5 %

Shares of EG stock traded up $8.39 during trading hours on Friday, reaching $349.79. 383,665 shares of the company's stock were exchanged, compared to its average volume of 370,600. Everest Group, Ltd. has a fifty-two week low of $320.00 and a fifty-two week high of $407.30. The stock's 50 day moving average is $348.82 and its 200-day moving average is $363.47. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.26. The company has a market cap of $16.71 billion, a price-to-earnings ratio of 11.14, a P/E/G ratio of 0.24 and a beta of 0.43.

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Everest Group (NYSE:EG - Get Free Report) last announced its earnings results 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 net margin of 7.95% and a return on equity of 9.04%. Analysts predict that Everest Group, Ltd. will post 47.93 earnings per share for the current fiscal year.

Everest Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 17th were paid a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date was Monday, March 17th. Everest Group's dividend payout ratio (DPR) is presently 25.47%.

Insiders Place Their Bets

In other Everest Group news, Director Geraldine Losquadro sold 1,500 shares of the business's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $360.63, for a total transaction of $540,945.00. Following the sale, the director now owns 12,279 shares in the company, valued at approximately $4,428,175.77. The trade was a 10.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.20% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have commented on EG shares. Keefe, Bruyette & Woods dropped their target price on shares of Everest Group from $434.00 to $402.00 and set an "outperform" rating on the stock in a research note on Wednesday. Barclays dropped their price objective on Everest Group from $470.00 to $394.00 and set an "overweight" rating on the stock in a research note on Friday. UBS Group reduced their price objective on Everest Group from $375.00 to $372.00 and set a "neutral" rating on the stock in a report on Wednesday. Wells Fargo & Company lowered their target price on Everest Group from $370.00 to $362.00 and set an "equal weight" rating for the company in a report on Thursday. Finally, Morgan Stanley restated an "equal weight" rating and set a $340.00 price target (down previously from $425.00) on shares of Everest Group in a research note on Wednesday, February 5th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Everest Group has a consensus rating of "Hold" and an average target price of $396.00.

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.