Lansforsakringar Fondforvaltning AB publ Invests $3.71 Million in Everest Group, Ltd. (NYSE:EG)

Lansforsakringar Fondforvaltning AB publ acquired a new stake in Everest Group, Ltd. (NYSE:EG - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 10,244 shares of the company's stock, valued at approximately $3,713,000.

A number of other large investors also recently modified their holdings of EG. Park Square Financial Group LLC bought a new stake in Everest Group during the fourth quarter valued at approximately $104,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Everest Group during the fourth quarter valued at approximately $12,597,000. Talaria Asset Management Pty Ltd bought a new stake in Everest Group during the fourth quarter valued at approximately $28,417,000. Jefferies Financial Group Inc. bought a new stake in Everest Group during the fourth quarter valued at approximately $4,771,000. Finally, Capital A Wealth Management LLC bought a new stake in Everest Group during the fourth quarter valued at approximately $137,000. 92.64% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on EG. Morgan Stanley lifted their target price on shares of Everest Group from $330.00 to $350.00 and gave the company an "equal weight" rating in a research report on Monday, May 19th. Barclays dropped their target price on shares of Everest Group from $470.00 to $394.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. BMO Capital Markets lowered shares of Everest Group from an "outperform" rating to a "market perform" rating and lowered their price objective for the stock from $453.00 to $375.00 in a report on Thursday, January 30th. UBS Group lowered their price objective on shares of Everest Group from $375.00 to $372.00 and set a "neutral" rating for the company in a report on Wednesday, April 9th. Finally, Wells Fargo & Company lowered their price objective on shares of Everest Group from $362.00 to $361.00 and set an "equal weight" rating for the company in a report on Tuesday, May 6th. Six investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Everest Group has an average rating of "Moderate Buy" and an average price target of $398.09.

Insider Buying and Selling at Everest Group

In other Everest Group news, Director Geraldine Losquadro sold 1,500 shares of Everest Group stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $360.63, for a total value of $540,945.00. Following the completion of the transaction, 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 filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.10% of the company's stock.

Everest Group Trading Up 0.2%

Shares of NYSE EG traded up $0.68 during mid-day trading on Friday, hitting $347.03. The stock had a trading volume of 630,817 shares, compared to its average volume of 388,382. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.40 and a current ratio of 0.40. Everest Group, Ltd. has a 1 year low of $320.00 and a 1 year high of $407.30. The business has a 50 day moving average price of $348.32 and a two-hundred day moving average price of $355.52. The firm has a market cap of $14.76 billion, a P/E ratio of 11.05, a price-to-earnings-growth ratio of 0.24 and a beta of 0.58.

Everest Group (NYSE:EG - Get Free Report) last issued its 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). The firm had revenue of $4.26 billion during the quarter, compared to analysts' expectations of $3.89 billion. Everest Group had a return on equity of 9.04% and a net margin of 7.95%. The firm's quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $16.32 earnings per share. On average, equities analysts anticipate that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Everest Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders 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 2.31%. The ex-dividend date of this dividend is Wednesday, May 28th. Everest Group's payout ratio is currently 41.15%.

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.