Everest Group, Ltd. (NYSE:EG) Stock Holdings Increased by Ameriprise Financial Inc.

Ameriprise Financial Inc. grew its holdings in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 4.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 255,365 shares of the company's stock after purchasing an additional 11,122 shares during the period. Ameriprise Financial Inc. owned 0.59% of Everest Group worth $92,555,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of EG. SBI Securities Co. Ltd. acquired a new stake in shares of Everest Group in the 4th quarter worth about $31,000. Optiver Holding B.V. bought a new position in Everest Group in the 4th quarter valued at about $51,000. Wilmington Savings Fund Society FSB bought a new position in Everest Group in the 3rd quarter valued at about $64,000. Private Trust Co. NA grew its position in Everest Group by 48.5% in the 4th quarter. Private Trust Co. NA now owns 196 shares of the company's stock valued at $71,000 after buying an additional 64 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in Everest Group by 43.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 211 shares of the company's stock valued at $76,000 after buying an additional 64 shares in the last quarter. 92.64% of the stock is owned by institutional investors and hedge funds.

Everest Group Price Performance

Shares of NYSE:EG traded up $0.31 during trading hours on Monday, hitting $348.35. 529,714 shares of the company's stock traded hands, compared to its average volume of 376,088. Everest Group, Ltd. has a 52 week low of $320.00 and a 52 week high of $407.30. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.40 and a current ratio of 0.40. The company's fifty day simple moving average is $352.77 and its two-hundred day simple moving average is $357.82. The company has a market cap of $14.82 billion, a price-to-earnings ratio of 11.09, a price-to-earnings-growth ratio of 0.24 and a beta of 0.58.

Everest Group (NYSE:EG - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $6.45 earnings per share for the quarter, missing the consensus estimate of $7.46 by ($1.01). Everest Group had a net margin of 7.95% and a return on equity of 9.04%. The business had revenue of $4.26 billion for the quarter, compared to the consensus estimate of $3.89 billion. During the same quarter last year, the business posted $16.32 EPS. The business's revenue for the quarter was up 3.1% on a year-over-year basis. As a group, equities analysts anticipate that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Everest Group Dividend Announcement

The company 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 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date was Monday, March 17th. Everest Group's dividend payout ratio is presently 41.15%.

Insider Buying and Selling 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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

EG has been the subject of a number of recent analyst reports. BMO Capital Markets lowered shares of Everest Group from an "outperform" rating to a "market perform" rating and decreased their target price for the company from $453.00 to $375.00 in a research report on Thursday, January 30th. Morgan Stanley reiterated an "equal weight" rating and issued a $340.00 target price (down previously from $425.00) on shares of Everest Group in a research report on Wednesday, February 5th. Barclays decreased their target price on shares of Everest Group from $470.00 to $394.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Wells Fargo & Company decreased their target price on shares of Everest Group from $362.00 to $361.00 and set an "equal weight" rating for the company in a research report on Tuesday, May 6th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of Everest Group from $434.00 to $402.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Six investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $397.18.

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.