CANADA LIFE ASSURANCE Co Acquires 1,821 Shares of Everest Group, Ltd. (NYSE:EG)

CANADA LIFE ASSURANCE Co lifted its position in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 5.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 38,264 shares of the company's stock after acquiring an additional 1,821 shares during the quarter. CANADA LIFE ASSURANCE Co owned approximately 0.09% of Everest Group worth $13,858,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in EG. SBI Securities Co. Ltd. bought a new stake in shares of Everest Group in the fourth quarter valued at approximately $31,000. Wilmington Savings Fund Society FSB purchased a new position in Everest Group in the 3rd quarter valued at approximately $64,000. Private Trust Co. NA raised its holdings in Everest Group by 48.5% during the 4th quarter. Private Trust Co. NA now owns 196 shares of the company's stock valued at $71,000 after acquiring an additional 64 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of Everest Group by 43.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 211 shares of the company's stock worth $76,000 after acquiring an additional 64 shares in the last quarter. Finally, Avior Wealth Management LLC boosted its holdings in shares of Everest Group by 22.4% in the fourth quarter. Avior Wealth Management LLC now owns 257 shares of the company's stock worth $93,000 after acquiring an additional 47 shares during the period. 92.64% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Geraldine Losquadro sold 1,500 shares of Everest Group stock in a transaction 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 transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.10% of the company's stock.

Analyst Ratings Changes

EG has been the topic of a number of analyst reports. Morgan Stanley reiterated an "equal weight" rating and set a $340.00 price objective (down from $425.00) on shares of Everest Group in a research note on Wednesday, February 5th. UBS Group lowered their price target on shares of Everest Group from $375.00 to $372.00 and set a "neutral" rating on the stock in a report on Wednesday, April 9th. Barclays reduced their price objective on shares of Everest Group from $470.00 to $394.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Keefe, Bruyette & Woods lowered their target price on shares of Everest Group from $434.00 to $402.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. 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 for the company in a research report on Thursday, April 10th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Everest Group currently has an average rating of "Hold" and an average target price of $396.00.

Everest Group Price Performance

Shares of Everest Group stock traded down $1.87 on Friday, hitting $353.32. 256,098 shares of the company traded hands, compared to its average volume of 371,087. Everest Group, Ltd. has a 12-month low of $320.00 and a 12-month high of $407.30. The firm's 50-day simple moving average is $352.06 and its 200 day simple moving average is $360.98. The company has a market cap of $16.88 billion, a P/E ratio of 11.25, a P/E/G ratio of 0.24 and a beta of 0.43. 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) 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%. Analysts expect 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. Shareholders of record on Monday, March 17th were given a dividend of $2.00 per share. The ex-dividend date was Monday, March 17th. This represents a $8.00 annualized dividend and a yield of 2.26%. Everest Group's payout ratio is 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.