Everest Group, Ltd. (NYSE:EG) Shares Purchased by Ethic Inc.

Ethic Inc. raised its stake in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 35.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,122 shares of the company's stock after acquiring an additional 1,334 shares during the period. Ethic Inc.'s holdings in Everest Group were worth $1,856,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Janney Montgomery Scott LLC grew its stake in Everest Group by 152.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 22,693 shares of the company's stock worth $8,225,000 after purchasing an additional 13,687 shares in the last quarter. Principal Financial Group Inc. grew 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 buying an additional 2,818 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Everest Group by 39.9% during the fourth quarter. JPMorgan Chase & Co. now owns 109,775 shares of the company's stock worth $39,789,000 after buying an additional 31,306 shares during the period. Commonwealth Equity Services LLC raised its holdings in Everest Group by 25.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 12,055 shares of the company's stock valued at $4,369,000 after acquiring an additional 2,438 shares in the last quarter. Finally, Brandywine Global Investment Management LLC lifted its stake in Everest Group by 108.5% in the fourth quarter. Brandywine Global Investment Management LLC now owns 12,423 shares of the company's stock worth $4,503,000 after acquiring an additional 6,466 shares during the last quarter. 92.64% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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 in the company, valued at $4,428,175.77. This trade represents a 10.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on EG. UBS Group decreased their price objective on shares of Everest Group from $375.00 to $372.00 and set a "neutral" rating for the company in a research report on Wednesday, April 9th. Raymond James reaffirmed a "strong-buy" rating and set a $410.00 price target (down from $420.00) on shares of Everest Group in a report on Tuesday, May 6th. Barclays dropped their price objective on Everest Group from $470.00 to $394.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Morgan Stanley restated an "equal weight" rating and set a $340.00 target price (down previously from $425.00) on shares of Everest Group in a research note on Wednesday, February 5th. Finally, Keefe, Bruyette & Woods lowered their price target on Everest Group from $434.00 to $402.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Six investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $397.18.

Everest Group Stock Performance

Shares of EG traded up $4.33 during mid-day trading on Friday, reaching $348.22. 417,176 shares of the company's stock were exchanged, compared to its average volume of 380,335. The business's fifty day simple moving average is $351.50 and its 200-day simple moving average is $357.16. The stock has a market capitalization of $14.81 billion, a PE ratio of 11.09, a price-to-earnings-growth 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 current ratio of 0.40 and a quick ratio of 0.40.

Everest Group (NYSE:EG - Get Free Report) last issued its quarterly earnings results 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). The business had revenue of $4.26 billion for the quarter, compared to analyst estimates of $3.89 billion. Everest Group had a return on equity of 9.04% and a net margin of 7.95%. The firm's revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $16.32 EPS. On average, equities research analysts expect that Everest Group, Ltd. will post 47.93 earnings per share for the current year.

Everest Group Announces Dividend

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

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.