Dimensional Fund Advisors LP Has $198.61 Million Holdings in Everest Group, Ltd. $EG

Key Points

• Dimensional Fund Advisors LP has reduced its stake in Everest Group, Ltd. by 4.5%, selling 25,473 shares to own 546,659 shares worth approximately $198.6 million.
• CEO James Allan Williamson bought 1,000 shares at about $337.97 each, increasing his ownership to 25,618 shares valued at around $8.66 million.
• Everest Group announced a quarterly dividend of $2.00 per share, yielding 2.4%, with a record date set for September 3rd.

Dimensional Fund Advisors LP lessened its holdings in Everest Group, Ltd. (NYSE:EG - Free Report) by 4.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 546,659 shares of the company's stock after selling 25,473 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.29% of Everest Group worth $198,609,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of EG. United Capital Financial Advisors LLC boosted its stake in shares of Everest Group by 7.1% in the 4th quarter. United Capital Financial Advisors LLC now owns 888 shares of the company's stock valued at $322,000 after purchasing an additional 59 shares during the last quarter. NewEdge Advisors LLC boosted its stake in Everest Group by 38.1% during the 4th quarter. NewEdge Advisors LLC now owns 1,928 shares of the company's stock worth $699,000 after acquiring an additional 532 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its stake in Everest Group by 5.0% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 38,264 shares of the company's stock worth $13,858,000 after acquiring an additional 1,821 shares during the last quarter. GeoWealth Management LLC boosted its stake in Everest Group by 862.7% during the 4th quarter. GeoWealth Management LLC now owns 645 shares of the company's stock worth $234,000 after acquiring an additional 578 shares during the last quarter. Finally, Norinchukin Bank The boosted its stake in Everest Group by 8.4% during the 4th quarter. Norinchukin Bank The now owns 1,927 shares of the company's stock worth $698,000 after acquiring an additional 149 shares during the last quarter. Institutional investors own 92.64% of the company's stock.

Everest Group Stock Down 1.3%

EG traded down $4.4330 during trading on Friday, reaching $343.6270. The company had a trading volume of 260,292 shares, compared to its average volume of 329,420. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.38 and a quick ratio of 0.38. Everest Group, Ltd. has a 12 month low of $320.00 and a 12 month high of $407.30. The business's fifty day moving average price is $335.42 and its 200 day moving average price is $343.44. The company has a market cap of $14.41 billion, a P/E ratio of 18.24, a PEG ratio of 0.25 and a beta of 0.50.

Everest Group (NYSE:EG - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $17.36 earnings per share for the quarter, beating analysts' consensus estimates of $15.14 by $2.22. Everest Group had a net margin of 4.56% and a return on equity of 5.89%. The firm had revenue of $4.49 billion for the quarter, compared to analyst estimates of $4.22 billion. During the same quarter in the previous year, the firm posted $16.85 earnings per share. The business's revenue was up 6.2% on a year-over-year basis. Equities analysts anticipate 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, September 19th. Stockholders of record on Wednesday, September 3rd will be issued a $2.00 dividend. The ex-dividend date is Wednesday, September 3rd. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.3%. Everest Group's dividend payout ratio (DPR) is 42.46%.

Insider Activity

In other Everest Group news, CEO James Allan Williamson acquired 1,000 shares of the stock in a transaction dated Wednesday, June 11th. The shares were bought at an average cost of $337.97 per share, for a total transaction of $337,970.00. Following the completion of the acquisition, the chief executive officer directly owned 25,618 shares of the company's stock, valued at approximately $8,658,115.46. This trade represents a 4.06% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is owned by company insiders.

Analyst Ratings Changes

EG has been the topic of several recent analyst reports. Raymond James Financial reissued a "strong-buy" rating and set a $410.00 price objective (down previously from $420.00) on shares of Everest Group in a research note on Tuesday, May 6th. Keefe, Bruyette & Woods lifted their price objective on shares of Everest Group from $405.00 to $416.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 6th. Morgan Stanley lifted their price objective on shares of Everest Group from $330.00 to $350.00 and gave the stock an "equal weight" rating in a research note on Monday, May 19th. Cantor Fitzgerald raised shares of Everest Group to a "hold" rating in a research note on Wednesday, August 13th. Finally, Citigroup assumed coverage on shares of Everest Group in a research note on Wednesday, August 13th. They set a "neutral" rating and a $362.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $397.14.

Everest Group Company 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.