Everest Group, Ltd. (NYSE:EG) Shares Purchased by Bridgewater Associates LP

Bridgewater Associates LP boosted its position in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 61.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 44,198 shares of the company's stock after acquiring an additional 16,901 shares during the quarter. Bridgewater Associates LP owned 0.10% of Everest Group worth $16,020,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of EG. Stifel Financial Corp increased its position in Everest Group by 3.9% in the third quarter. Stifel Financial Corp now owns 4,347 shares of the company's stock worth $1,704,000 after buying an additional 162 shares in the last quarter. MML Investors Services LLC raised its stake in Everest Group by 35.1% during the 3rd quarter. MML Investors Services LLC now owns 1,143 shares of the company's stock worth $448,000 after acquiring an additional 297 shares during the period. Coldstream Capital Management Inc. lifted its holdings in Everest Group by 12.2% during the third quarter. Coldstream Capital Management Inc. now owns 701 shares of the company's stock valued at $272,000 after purchasing an additional 76 shares in the last quarter. Te Ahumairangi Investment Management Ltd boosted its position in shares of Everest Group by 13.4% in the third quarter. Te Ahumairangi Investment Management Ltd now owns 36,095 shares of the company's stock worth $14,063,000 after purchasing an additional 4,255 shares during the period. Finally, Pine Valley Investments Ltd Liability Co bought a new position in Everest Group in the 3rd quarter worth $2,551,000. 92.64% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Everest Group

In other Everest Group 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 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 $4,428,175.77. The trade was a 10.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.20% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on EG shares. Morgan Stanley restated an "equal weight" rating and issued a $340.00 price objective (down from $425.00) on shares of Everest Group in a research report on Wednesday, February 5th. Barclays lowered their price target on Everest Group from $470.00 to $394.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. UBS Group reduced their price objective on shares of Everest Group from $375.00 to $372.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 9th. BMO Capital Markets lowered shares of Everest Group from an "outperform" rating to a "market perform" rating and dropped their target price for the stock from $453.00 to $375.00 in a research report on Thursday, January 30th. Finally, Wells Fargo & Company reduced their price target on shares of Everest Group from $370.00 to $362.00 and set an "equal weight" rating on the stock in a report on Thursday, April 10th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Everest Group has a consensus rating of "Hold" and a consensus target price of $396.00.

Everest Group Trading Down 1.3 %

NYSE EG traded down $4.66 during trading hours on Monday, hitting $345.27. 40,921 shares of the company were exchanged, compared to its average volume of 369,506. Everest Group, Ltd. has a 52 week low of $320.00 and a 52 week high of $407.30. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.26. The stock has a 50-day moving average price of $350.18 and a 200 day moving average price of $361.75. The stock has a market cap of $16.50 billion, a PE ratio of 10.99, a price-to-earnings-growth 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 (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%. Analysts forecast that Everest Group, Ltd. will post 47.93 earnings per share for the current fiscal year.

Everest Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 17th were given a dividend of $2.00 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $8.00 annualized dividend and a dividend yield of 2.32%. Everest Group's dividend payout ratio (DPR) is presently 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.