Everest Group, Ltd. (NYSE:EG) Shares Bought by Quantbot Technologies LP

Quantbot Technologies LP lifted its position in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 268.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,520 shares of the company's stock after purchasing an additional 9,124 shares during the period. Quantbot Technologies LP's holdings in Everest Group were worth $4,538,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Blueshift Asset Management LLC grew its holdings in shares of Everest Group by 64.0% during the fourth quarter. Blueshift Asset Management LLC now owns 1,015 shares of the company's stock worth $368,000 after purchasing an additional 396 shares during the last quarter. Royal London Asset Management Ltd. lifted its stake in shares of Everest Group by 0.5% in the 4th quarter. Royal London Asset Management Ltd. now owns 38,357 shares of the company's stock worth $13,903,000 after acquiring an additional 184 shares during the period. Credit Capital Investments LLC purchased a new stake in Everest Group in the 4th quarter valued at approximately $326,000. Xponance Inc. boosted its stake in shares of Everest Group by 3.1% in the fourth quarter. Xponance Inc. now owns 7,129 shares of the company's stock valued at $2,584,000 after buying an additional 216 shares in the last quarter. Finally, Intech Investment Management LLC grew its stake in shares of Everest Group by 133.2% during the 4th quarter. Intech Investment Management LLC now owns 63,708 shares of the company's stock worth $23,092,000 after purchasing an additional 36,384 shares during the period. 92.64% of the stock is owned by institutional investors and hedge funds.

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Everest Group Stock Up 1.0 %

EG stock traded up $3.79 during midday trading on Wednesday, hitting $366.04. 206,720 shares of the company's stock were exchanged, compared to its average volume of 350,578. The stock has a market capitalization of $15.72 billion, a price-to-earnings ratio of 11.65, a price-to-earnings-growth ratio of 0.24 and a beta of 0.61. The firm has a 50 day moving average price of $351.13 and a 200-day moving average price of $366.73. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.26. 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 announced its quarterly earnings data 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 return on equity of 9.04% and a net margin of 7.95%. On average, analysts anticipate that Everest Group, Ltd. will post 47.93 EPS for the current year.

Everest Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 17th will be paid a dividend of $2.00 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $8.00 dividend on an annualized basis and a yield of 2.19%. Everest Group's payout ratio is currently 25.47%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on EG shares. BMO Capital Markets downgraded 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. Morgan Stanley reiterated an "equal weight" rating and issued a $340.00 price target (down from $425.00) on shares of Everest Group in a report on Wednesday, February 5th. Wells Fargo & Company decreased their target price on shares of Everest Group from $390.00 to $380.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 14th. Jefferies Financial Group lowered Everest Group from a "buy" rating to a "hold" rating and upped their price target for the stock from $420.00 to $429.00 in a research note on Tuesday, November 26th. Finally, Barclays raised 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. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $416.50.

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 sale, the director now directly owns 12,279 shares in the company, valued at $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 Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.20% of the company's stock.

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.