FIL Ltd Boosts Stock Position in Everest Group, Ltd. (NYSE:EG)

FIL Ltd increased its stake in Everest Group, Ltd. (NYSE:EG - Free Report) by 3.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 107,878 shares of the company's stock after purchasing an additional 4,052 shares during the quarter. FIL Ltd owned 0.25% of Everest Group worth $39,101,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in EG. SBI Securities Co. Ltd. purchased a new position in shares of Everest Group in the 4th quarter worth $31,000. Wilmington Savings Fund Society FSB bought a new position in Everest Group in the third quarter valued at about $64,000. Private Trust Co. NA boosted its position in 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 purchasing an additional 64 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Everest Group by 43.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 211 shares of the company's stock valued at $76,000 after purchasing an additional 64 shares during the period. Finally, Avior Wealth Management LLC increased its position in shares of Everest Group by 22.4% during the 4th quarter. Avior Wealth Management LLC now owns 257 shares of the company's stock valued at $93,000 after purchasing an additional 47 shares during the last quarter. Institutional investors own 92.64% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. UBS Group dropped their price objective 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. 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. Keefe, Bruyette & Woods reduced their price objective on Everest Group from $434.00 to $402.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Wells Fargo & Company decreased their target price on Everest Group from $370.00 to $362.00 and set an "equal weight" rating on the stock in a report on Thursday, April 10th. Finally, Jefferies Financial Group raised Everest Group from a "hold" rating to a "buy" rating and boosted their price target for the company from $376.00 to $415.00 in a report on Friday, April 11th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $396.00.

Everest Group Price Performance

Everest Group stock traded up $4.44 during mid-day trading on Wednesday, hitting $354.29. The stock had a trading volume of 58,518 shares, compared to its average volume of 424,714. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.26. The firm's 50 day moving average is $349.36 and its 200 day moving average is $362.91. The firm has a market capitalization of $16.93 billion, a P/E ratio of 11.28, a P/E/G ratio of 0.24 and a beta of 0.43. Everest Group, Ltd. has a one year low of $320.00 and a one year high of $407.30.

Everest Group (NYSE:EG - Get Free Report) last released its earnings results on Monday, February 3rd. The company reported ($18.39) earnings per share (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%. On average, sell-side analysts forecast that Everest Group, Ltd. will post 47.93 earnings per share for the current fiscal year.

Everest Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 17th were given a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend was Monday, March 17th. Everest Group's payout ratio is currently 25.47%.

Insider Transactions at Everest Group

In other news, Director Geraldine Losquadro sold 1,500 shares of Everest Group stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $360.63, for a total value of $540,945.00. Following the sale, the director now directly 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.20% 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.