Vanguard Group Inc. Acquires 43,793 Shares of Everest Group, Ltd. (NYSE:EG)

Vanguard Group Inc. grew its stake in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 0.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,560,030 shares of the company's stock after acquiring an additional 43,793 shares during the quarter. Vanguard Group Inc. owned about 12.94% of Everest Group worth $2,015,288,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new position in Everest Group in the 4th quarter valued at approximately $31,000. Brooklyn Investment Group bought a new position in shares of Everest Group during the third quarter valued at $39,000. Private Trust Co. NA boosted its position in shares of Everest Group by 51.7% during the third quarter. Private Trust Co. NA now owns 132 shares of the company's stock valued at $52,000 after buying an additional 45 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Everest Group during the third quarter valued at $64,000. Finally, EverSource Wealth Advisors LLC increased its holdings in Everest Group by 43.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 211 shares of the company's stock worth $76,000 after buying an additional 64 shares in the last quarter. Hedge funds and other institutional investors own 92.64% of the company's stock.

Insider Buying and Selling at Everest Group

In other Everest Group 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 transaction 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 $4,428,175.77. This trade represents a 10.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.20% of the company's stock.

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Everest Group Stock Performance

Everest Group stock traded up $1.92 during midday trading on Monday, hitting $363.91. The stock had a trading volume of 324,861 shares, compared to its average volume of 366,492. Everest Group, Ltd. has a 52-week low of $327.37 and a 52-week high of $407.30. The company has a market capitalization of $15.62 billion, a PE ratio of 11.59, a P/E/G ratio of 0.24 and a beta of 0.61. The firm's fifty day moving average is $351.46 and its two-hundred day moving average is $366.27. 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 (NYSE:EG - Get Free Report) last posted 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, research analysts forecast that Everest Group, Ltd. will post 47.93 EPS for the current year.

Everest Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 17th were paid 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 yield of 2.20%. Everest Group's payout ratio is presently 25.47%.

Analyst Upgrades and Downgrades

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

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.