Russell Investments Group Ltd. Boosts Stock Position in Everest Group, Ltd. (NYSE:EG)

Russell Investments Group Ltd. raised its holdings in Everest Group, Ltd. (NYSE:EG - Free Report) by 33.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 39,636 shares of the company's stock after buying an additional 9,915 shares during the quarter. Russell Investments Group Ltd. owned 0.09% of Everest Group worth $14,363,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Janney Montgomery Scott LLC raised its stake in Everest Group by 152.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 22,693 shares of the company's stock worth $8,225,000 after buying an additional 13,687 shares during the period. JPMorgan Chase & Co. raised its position in shares of Everest Group by 19.5% during the third quarter. JPMorgan Chase & Co. now owns 78,469 shares of the company's stock worth $30,747,000 after purchasing an additional 12,791 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Everest Group by 5.5% in the 3rd quarter. Principal Financial Group Inc. now owns 53,892 shares of the company's stock worth $21,117,000 after purchasing an additional 2,818 shares in the last quarter. Stifel Financial Corp grew its position in Everest Group by 3.9% in the 3rd quarter. Stifel Financial Corp now owns 4,347 shares of the company's stock valued at $1,704,000 after purchasing an additional 162 shares during the period. Finally, Brandywine Global Investment Management LLC grew its position in Everest Group by 108.5% in the 4th quarter. Brandywine Global Investment Management LLC now owns 12,423 shares of the company's stock valued at $4,503,000 after purchasing an additional 6,466 shares during the period. 92.64% of the stock is currently owned by institutional investors.

Remove Ads

Insider Activity at Everest Group

In other Everest Group news, Director Geraldine Losquadro sold 1,500 shares of the company's 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 of the company's stock, valued at $4,428,175.77. This represents a 10.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.20% of the stock is owned by company insiders.

Everest Group Stock Performance

Everest Group stock traded up $3.41 during mid-day trading on Wednesday, reaching $353.26. 51,756 shares of the company's stock were exchanged, compared to its average volume of 424,605. The business's fifty day simple moving average is $349.36 and its 200 day simple moving average is $362.91. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.26. Everest Group, Ltd. has a one year low of $320.00 and a one year high of $407.30. The firm has a market capitalization of $16.88 billion, a PE ratio of 11.25, a P/E/G ratio of 0.24 and a beta of 0.43.

Everest Group (NYSE:EG - Get Free Report) last issued 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%. On average, sell-side analysts expect that Everest Group, Ltd. will post 47.93 earnings per share for the current year.

Everest Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 17th were issued 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 dividend yield of 2.26%. Everest Group's dividend payout ratio (DPR) is presently 25.47%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Jefferies Financial Group raised shares of Everest Group from a "hold" rating to a "buy" rating and raised their price objective for the company from $376.00 to $415.00 in a research note on Friday, April 11th. Barclays dropped their price target on shares of Everest Group from $470.00 to $394.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. BMO Capital Markets downgraded Everest Group from an "outperform" rating to a "market perform" rating and cut their price target for the company from $453.00 to $375.00 in a research note on Thursday, January 30th. Wells Fargo & Company lowered their price objective on 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, Morgan Stanley reaffirmed an "equal weight" rating and set a $340.00 target price (down previously from $425.00) on shares of Everest Group in a research report on Wednesday, February 5th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target 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.