14,050 Shares in Everest Group, Ltd. (NYSE:EG) Purchased by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. bought a new position in shares of Everest Group, Ltd. (NYSE:EG - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 14,050 shares of the company's stock, valued at approximately $5,093,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Czech National Bank raised its holdings in shares of Everest Group by 5.7% in the fourth quarter. Czech National Bank now owns 9,319 shares of the company's stock valued at $3,378,000 after purchasing an additional 504 shares during the last quarter. Wedmont Private Capital lifted its position in shares of Everest Group by 15.0% during the 4th quarter. Wedmont Private Capital now owns 734 shares of the company's stock worth $259,000 after buying an additional 96 shares in the last quarter. Assenagon Asset Management S.A. purchased a new position in shares of Everest Group in the 4th quarter worth approximately $417,000. Steph & Co. grew its holdings in shares of Everest Group by 10.6% in the fourth quarter. Steph & Co. now owns 366 shares of the company's stock valued at $133,000 after acquiring an additional 35 shares in the last quarter. Finally, Empirical Asset Management LLC purchased a new stake in shares of Everest Group during the fourth quarter valued at approximately $11,084,000. Institutional investors own 92.64% of the company's stock.

Everest Group Stock Performance

Shares of Everest Group stock traded down $0.22 during trading on Tuesday, hitting $347.35. 536,505 shares of the company's stock were exchanged, compared to its average volume of 381,141. The business has a 50-day simple moving average of $351.37 and a 200-day simple moving average of $356.78. The stock has a market capitalization of $14.77 billion, a price-to-earnings ratio of 11.06, a PEG ratio of 0.24 and a beta of 0.58. 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.

Everest Group (NYSE:EG - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $6.45 EPS for the quarter, missing analysts' consensus estimates of $7.46 by ($1.01). Everest Group had a return on equity of 9.04% and a net margin of 7.95%. The company had revenue of $4.26 billion for the quarter, compared to analysts' expectations of $3.89 billion. During the same period in the prior year, the firm earned $16.32 EPS. The firm's revenue for the quarter was up 3.1% on a year-over-year basis. On average, research analysts forecast that Everest Group, Ltd. will post 47.93 EPS for the current year.

Everest Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Wednesday, May 28th will be paid a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date is Wednesday, May 28th. Everest Group's dividend payout ratio is presently 41.15%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Raymond James restated a "strong-buy" rating and issued a $410.00 target price (down from $420.00) on shares of Everest Group in a research note on Tuesday, May 6th. Morgan Stanley increased their price target on shares of Everest Group from $330.00 to $350.00 and gave the stock an "equal weight" rating in a report on Monday. Wells Fargo & Company reduced their price objective on Everest Group from $362.00 to $361.00 and set an "equal weight" rating on the stock in a research report on Tuesday, May 6th. UBS Group reduced their price target on Everest Group from $375.00 to $372.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 9th. Finally, Jefferies Financial Group raised shares of Everest Group from a "hold" rating to a "buy" rating and raised their price target for the stock from $376.00 to $415.00 in a report on Friday, April 11th. Six research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $398.09.

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 on Tuesday, March 18th. The stock was sold at an average price of $360.63, for a total transaction of $540,945.00. Following the transaction, the director now owns 12,279 shares of the company's stock, valued at approximately $4,428,175.77. The trade was a 10.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.10% of the company's stock.

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.