Everest Group, Ltd. (NYSE:EG) Shares Acquired by Sterling Capital Management LLC

Sterling Capital Management LLC increased its holdings in Everest Group, Ltd. (NYSE:EG - Free Report) by 11,756.0% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 278,616 shares of the company's stock after acquiring an additional 276,266 shares during the period. Everest Group makes up about 1.4% of Sterling Capital Management LLC's holdings, making the stock its 15th largest holding. Sterling Capital Management LLC owned approximately 0.65% of Everest Group worth $100,987,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EG. Covestor Ltd boosted its position in shares of Everest Group by 18.1% during the 4th quarter. Covestor Ltd now owns 614 shares of the company's stock worth $223,000 after purchasing an additional 94 shares during the period. Treasurer of the State of North Carolina boosted its position in shares of Everest Group by 0.5% during the fourth quarter. Treasurer of the State of North Carolina now owns 19,426 shares of the company's stock worth $7,041,000 after buying an additional 90 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Everest Group during the fourth quarter worth $48,290,000. Renaissance Technologies LLC grew its stake in shares of Everest Group by 42.7% in the fourth quarter. Renaissance Technologies LLC now owns 73,200 shares of the company's stock valued at $26,532,000 after buying an additional 21,900 shares in the last quarter. Finally, Bank of Nova Scotia raised its holdings in shares of Everest Group by 263.1% in the 4th quarter. Bank of Nova Scotia now owns 114,487 shares of the company's stock valued at $41,497,000 after buying an additional 82,956 shares during the period. Hedge funds and other institutional investors own 92.64% of the company's stock.

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Analysts Set New Price Targets

Several equities analysts have weighed in on EG shares. Jefferies Financial Group raised Everest Group from a "hold" rating to a "buy" rating and lifted their target price for the company from $376.00 to $415.00 in a research report on Friday. BMO Capital Markets downgraded shares of Everest Group from an "outperform" rating to a "market perform" rating and cut their target price for the stock from $453.00 to $375.00 in a research note on Thursday, January 30th. Wells Fargo & Company decreased their price target on shares of Everest Group from $370.00 to $362.00 and set an "equal weight" rating for the company in a research report on Thursday, April 10th. Barclays cut their price objective on Everest Group from $470.00 to $394.00 and set an "overweight" rating on the stock in a research report on Friday. Finally, Morgan Stanley reiterated an "equal weight" rating and issued a $340.00 target price (down from $425.00) on shares of Everest Group in a report on Wednesday, February 5th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, Everest Group has an average rating of "Hold" and a consensus price target of $396.00.

Insiders Place Their Bets

In other news, Director Geraldine Losquadro sold 1,500 shares of the business'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 transaction, 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 legal filing with the SEC, which is available through this link. 1.20% of the stock is owned by insiders.

Everest Group Stock Performance

Shares of EG traded down $2.82 during midday trading on Tuesday, reaching $350.20. 292,740 shares of the stock were exchanged, compared to its average volume of 370,661. The business's 50-day moving average price is $349.08 and its 200 day moving average price is $363.00. The company has a market capitalization of $16.73 billion, a price-to-earnings ratio of 11.15, a PEG ratio of 0.24 and a beta of 0.43. 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, Ltd. has a twelve month low of $320.00 and a twelve month high of $407.30.

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 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 EPS for the current fiscal year.

Everest Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 17th were paid a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 2.28%. The ex-dividend date was Monday, March 17th. Everest Group's dividend payout ratio is presently 25.47%.

Everest Group Company 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.