Teza Capital Management LLC Has $16.71 Million Stake in Everest Group, Ltd. (NYSE:EG)

Teza Capital Management LLC boosted its stake in Everest Group, Ltd. (NYSE:EG - Free Report) by 992.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 46,107 shares of the company's stock after acquiring an additional 41,888 shares during the period. Everest Group accounts for about 2.5% of Teza Capital Management LLC's holdings, making the stock its 2nd biggest position. Teza Capital Management LLC owned about 0.11% of Everest Group worth $16,712,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EG. SBI Securities Co. Ltd. bought a new stake in shares of Everest Group in the 4th quarter worth approximately $31,000. Optiver Holding B.V. purchased a new stake in Everest Group in the fourth quarter worth $51,000. Wilmington Savings Fund Society FSB raised 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 valued at $71,000 after buying an additional 32 shares during the period. Private Trust Co. NA raised 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 valued at $71,000 after buying an additional 64 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its position 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 buying an additional 64 shares during the last quarter. 92.64% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on EG shares. Wells Fargo & Company decreased their price objective on Everest Group from $362.00 to $361.00 and set an "equal weight" rating for the company in a report on Tuesday, May 6th. Jefferies Financial Group upgraded shares of Everest Group from a "hold" rating to a "buy" rating and lifted their target price for the stock from $376.00 to $415.00 in a research note on Friday, April 11th. Raymond James restated a "strong-buy" rating and set a $410.00 price target (down from $420.00) on shares of Everest Group in a research note on Tuesday, May 6th. Keefe, Bruyette & Woods cut their price objective on shares of Everest Group from $434.00 to $402.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Finally, Barclays dropped their target price on Everest Group from $470.00 to $394.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Six investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target 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 dated Tuesday, March 18th. The shares were sold at an average price of $360.63, for a total transaction of $540,945.00. Following the sale, the director now owns 12,279 shares of the company's stock, valued at $4,428,175.77. This trade represents a 10.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.10% of the stock is owned by company insiders.

Everest Group Trading Down 0.1%

NYSE:EG traded down $0.22 during mid-day trading on Tuesday, reaching $347.35. 536,505 shares of the company's stock traded hands, compared to its average volume of 381,757. The company has a 50 day moving average price of $351.33 and a 200-day moving average price of $356.72. The firm has a market capitalization of $14.77 billion, a price-to-earnings ratio of 11.06, a PEG ratio of 0.24 and a beta of 0.58. 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, Ltd. has a 12-month low of $320.00 and a 12-month high of $407.30.

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). The firm had revenue of $4.26 billion during the quarter, compared to the consensus estimate 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 was up 3.1% on a year-over-year basis. During the same period in the prior year, the company posted $16.32 EPS. On average, sell-side analysts predict that Everest Group, Ltd. will post 47.93 earnings per share for the current year.

Everest Group Dividend Announcement

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