UniSuper Management Pty Ltd Acquires 1,379 Shares of Everest Group, Ltd. (NYSE:EG)

UniSuper Management Pty Ltd grew its stake in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 29.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,062 shares of the company's stock after buying an additional 1,379 shares during the quarter. UniSuper Management Pty Ltd's holdings in Everest Group were worth $2,197,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. increased its stake in shares of Everest Group by 39.9% in the fourth quarter. JPMorgan Chase & Co. now owns 109,775 shares of the company's stock worth $39,789,000 after buying an additional 31,306 shares during the period. WINTON GROUP Ltd purchased a new position in shares of Everest Group in the fourth quarter valued at about $5,842,000. Artisan Partners Limited Partnership bought a new position in shares of Everest Group during the fourth quarter valued at about $4,809,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Everest Group by 12.1% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 69,457 shares of the company's stock worth $25,362,000 after purchasing an additional 7,523 shares during the period. Finally, Korea Investment CORP grew its stake in shares of Everest Group by 121.8% in the fourth quarter. Korea Investment CORP now owns 26,948 shares of the company's stock worth $9,768,000 after purchasing an additional 14,800 shares during the last quarter. Institutional investors own 92.64% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on EG. Wells Fargo & Company dropped their price objective on Everest Group from $390.00 to $380.00 and set an "equal weight" rating for the company in a report on Tuesday, January 14th. Barclays boosted their price target on shares of Everest Group from $461.00 to $470.00 and gave the company an "overweight" rating in a research report on Tuesday, February 4th. Morgan Stanley reissued an "equal weight" rating and issued a $340.00 price target (down from $425.00) on shares of Everest Group in a research note on Wednesday, February 5th. BMO Capital Markets downgraded Everest Group from an "outperform" rating to a "market perform" rating and reduced their target price for the stock from $453.00 to $375.00 in a report on Thursday, January 30th. Finally, Keefe, Bruyette & Woods raised their target price on Everest Group from $420.00 to $434.00 and gave the company an "outperform" rating in a research note on Friday, January 10th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $416.50.

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Insiders Place Their Bets

In related news, Director Geraldine Losquadro sold 1,500 shares of the stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $360.63, for a total value of $540,945.00. Following the completion of the sale, the director now directly owns 12,279 shares of the company's stock, valued at approximately $4,428,175.77. This represents a 10.89 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.20% of the company's stock.

Everest Group Stock Down 0.7 %

Everest Group stock traded down $2.52 during mid-day trading on Thursday, hitting $362.82. The company had a trading volume of 95,640 shares, compared to its average volume of 425,830. The stock's 50 day moving average price is $351.50 and its two-hundred day moving average price is $366.15. 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 capitalization of $15.58 billion, a PE ratio of 11.55, a price-to-earnings-growth ratio of 0.24 and a beta of 0.61. 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 released its quarterly earnings data on Monday, February 3rd. The company reported ($18.39) 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%. As a group, sell-side analysts anticipate that Everest Group, Ltd. will post 47.93 earnings per share for the current fiscal year.

Everest Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 17th were given a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a dividend yield of 2.20%. The ex-dividend date was Monday, March 17th. Everest Group's payout ratio is currently 25.47%.

About Everest Group

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.