Ensign Peak Advisors Inc Decreases Holdings in Everest Group, Ltd. (NYSE:EG)

Ensign Peak Advisors Inc cut its holdings in Everest Group, Ltd. (NYSE:EG - Free Report) by 4.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,936 shares of the company's stock after selling 779 shares during the period. Ensign Peak Advisors Inc's holdings in Everest Group were worth $5,776,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Principal Financial Group Inc. increased its position in shares of Everest Group by 5.5% during the third quarter. Principal Financial Group Inc. now owns 53,892 shares of the company's stock worth $21,117,000 after purchasing an additional 2,818 shares in the last quarter. Czech National Bank increased its position in shares of Everest Group by 5.7% during the fourth quarter. Czech National Bank now owns 9,319 shares of the company's stock worth $3,378,000 after purchasing an additional 504 shares in the last quarter. Wedmont Private Capital increased its position in shares of Everest Group by 15.0% during the fourth quarter. Wedmont Private Capital now owns 734 shares of the company's stock worth $259,000 after purchasing an additional 96 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Everest Group during the fourth quarter worth about $417,000. Finally, Steph & Co. increased its position in shares of Everest Group by 10.6% during the fourth quarter. Steph & Co. now owns 366 shares of the company's stock worth $133,000 after purchasing an additional 35 shares in the last quarter. 92.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on EG shares. Jefferies Financial Group upgraded Everest Group from a "hold" rating to a "buy" rating and lifted their target price for the stock from $376.00 to $415.00 in a research report on Friday, April 11th. Morgan Stanley reissued an "equal weight" rating and set a $340.00 price target (down previously from $425.00) on shares of Everest Group in a report on Wednesday, February 5th. BMO Capital Markets lowered Everest Group from an "outperform" rating to a "market perform" rating and lowered their price target for the stock from $453.00 to $375.00 in a report on Thursday, January 30th. 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. Finally, Keefe, Bruyette & Woods lowered their price target on Everest Group from $434.00 to $402.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Six analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $397.18.

Everest Group Stock Performance

EG traded up $4.33 during trading on Friday, reaching $348.22. The company's stock had a trading volume of 417,176 shares, compared to its average volume of 380,444. Everest Group, Ltd. has a 52-week low of $320.00 and a 52-week high of $407.30. The company's fifty day moving average price is $351.38 and its 200-day moving average price is $356.96. The company has a market capitalization of $14.81 billion, a price-to-earnings ratio of 11.09, a price-to-earnings-growth ratio of 0.24 and a beta of 0.58. 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 announced its quarterly earnings data on Wednesday, April 30th. The company reported $6.45 earnings per share for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $3.89 billion. During the same period in the prior year, the firm posted $16.32 EPS. Everest Group's revenue for the quarter was up 3.1% compared to the same quarter last year. On average, equities analysts forecast that Everest Group, Ltd. will post 47.93 earnings per share for the current fiscal year.

Everest Group Announces Dividend

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

Insider Buying and Selling at Everest Group

In other news, Director Geraldine Losquadro sold 1,500 shares of the business's stock in a transaction that occurred 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 sale, the director now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is owned by corporate insiders.

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.