Everest Group, Ltd. (NYSE:EG) Shares Acquired by Teza Capital Management LLC

Teza Capital Management LLC raised its stake in Everest Group, Ltd. (NYSE:EG - Free Report) by 992.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 46,107 shares of the company's stock after buying an additional 41,888 shares during the quarter. Everest Group makes up approximately 2.5% of Teza Capital Management LLC's investment portfolio, making the stock its 2nd largest position. Teza Capital Management LLC owned about 0.11% of Everest Group worth $16,712,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of EG. Norges Bank acquired a new stake in shares of Everest Group during the 4th quarter worth approximately $488,588,000. Vulcan Value Partners LLC grew its position in Everest Group by 279.1% in the fourth quarter. Vulcan Value Partners LLC now owns 978,713 shares of the company's stock worth $354,768,000 after acquiring an additional 720,572 shares during the period. Sterling Capital Management LLC increased its stake in Everest Group by 11,756.0% during the fourth quarter. Sterling Capital Management LLC now owns 278,616 shares of the company's stock worth $100,987,000 after acquiring an additional 276,266 shares during the last quarter. Balyasny Asset Management L.P. raised its position in Everest Group by 14,518.5% in the fourth quarter. Balyasny Asset Management L.P. now owns 190,040 shares of the company's stock valued at $68,882,000 after purchasing an additional 188,740 shares during the period. Finally, Donald Smith & CO. Inc. acquired a new position in shares of Everest Group in the 4th quarter valued at $56,341,000. 92.64% of the stock is owned by institutional investors and hedge funds.

Everest Group Stock Down 0.1%

EG traded down $0.36 during trading hours on Friday, hitting $335.94. 147,867 shares of the company's stock were exchanged, compared to its average volume of 382,107. The firm has a market cap of $14.29 billion, a P/E ratio of 10.69, a price-to-earnings-growth 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 current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.26. The firm has a 50 day moving average of $350.36 and a 200 day moving average of $356.52.

Everest Group (NYSE:EG - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $6.45 EPS for the quarter, missing the consensus estimate of $7.46 by ($1.01). Everest Group had a return on equity of 9.04% and a net margin of 7.95%. The business had revenue of $4.26 billion during the quarter, compared to analyst estimates of $3.89 billion. During the same quarter last year, the firm earned $16.32 EPS. The business's revenue was up 3.1% on a year-over-year basis. Analysts predict that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Everest Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Wednesday, May 28th will be given a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend is Wednesday, May 28th. Everest Group's dividend payout ratio is currently 41.15%.

Analysts Set New Price Targets

A number of analysts recently issued reports on EG shares. Keefe, Bruyette & Woods cut their price objective on Everest Group from $434.00 to $402.00 and set an "outperform" rating for the company 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 for the company in a research report on Wednesday, April 9th. Morgan Stanley boosted their price target on shares of Everest Group from $330.00 to $350.00 and gave the company an "equal weight" rating in a research note on Monday. Barclays decreased their price objective on shares of Everest Group from $470.00 to $394.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Finally, Raymond James reiterated a "strong-buy" rating and issued a $410.00 target price (down previously from $420.00) on shares of Everest Group in a report on Tuesday, May 6th. Six investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $398.09.

Insider Buying and Selling at Everest Group

In other news, Director Geraldine Losquadro sold 1,500 shares of the firm's 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 sale, the director now directly owns 12,279 shares in the company, valued at approximately $4,428,175.77. This trade represents a 10.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is owned by corporate insiders.

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.