Everest Group, Ltd. (NYSE:EG) Shares Acquired by Deutsche Bank AG

Deutsche Bank AG lifted its stake in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 28.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 232,730 shares of the company's stock after acquiring an additional 51,492 shares during the period. Deutsche Bank AG owned 0.54% of Everest Group worth $84,355,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new position in shares of Everest Group in the fourth quarter valued at approximately $31,000. Optiver Holding B.V. purchased a new position in shares of Everest Group in the fourth quarter worth $51,000. Wilmington Savings Fund Society FSB increased its stake in shares of Everest Group by 19.6% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 195 shares of the company's stock worth $71,000 after buying an additional 32 shares during the period. Private Trust Co. NA increased its stake in shares of Everest Group by 48.5% in the fourth quarter. Private Trust Co. NA now owns 196 shares of the company's stock worth $71,000 after buying an additional 64 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Everest Group by 43.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 211 shares of the company's stock worth $76,000 after buying an additional 64 shares during the period. Institutional investors and hedge funds own 92.64% of the company's stock.

Insider Buying and Selling

In other news, Director Geraldine Losquadro sold 1,500 shares of the company'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 directly owns 12,279 shares of the company's stock, valued at approximately $4,428,175.77. This represents a 10.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.10% of the stock is currently owned by insiders.

Everest Group Trading Up 0.8%

EG traded up $2.58 on Thursday, hitting $343.58. The company had a trading volume of 649,822 shares, compared to its average volume of 379,475. The company has a market cap of $14.61 billion, a PE ratio of 10.94, a PEG ratio of 0.24 and a beta of 0.58. Everest Group, Ltd. has a 12-month low of $320.00 and a 12-month 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 business's fifty day simple moving average is $351.79 and its 200 day simple moving average is $357.42.

Everest Group (NYSE:EG - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $6.45 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts' expectations of $3.89 billion. During the same quarter last year, the firm earned $16.32 EPS. The firm's quarterly revenue was up 3.1% on a year-over-year basis. Equities research analysts expect that Everest Group, Ltd. will post 47.93 EPS for the current year.

Everest Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors 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 yield of 2.33%. Everest Group's dividend payout ratio (DPR) is 41.15%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on EG. Keefe, Bruyette & Woods reduced their price objective on shares of Everest Group from $434.00 to $402.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. UBS Group dropped their price target on shares of Everest Group from $375.00 to $372.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 9th. BMO Capital Markets cut shares of Everest Group from an "outperform" rating to a "market perform" rating and dropped their price target for the stock from $453.00 to $375.00 in a research note on Thursday, January 30th. Evercore ISI dropped their price target on shares of Everest Group from $400.00 to $396.00 and set an "in-line" rating on the stock in a research note on Thursday, May 1st. Finally, Barclays dropped their price target on shares of Everest Group from $470.00 to $394.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Six investment 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. Based on data from MarketBeat, Everest Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $397.18.

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.