Nomura Holdings Inc. Invests $515,000 in Everest Group, Ltd. (NYSE:EG)

Nomura Holdings Inc. acquired a new stake in shares of Everest Group, Ltd. (NYSE:EG - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 1,420 shares of the company's stock, valued at approximately $515,000.

Other institutional investors have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new position in shares of Everest Group during the 4th quarter valued at approximately $31,000. Optiver Holding B.V. bought a new stake in Everest Group in the fourth quarter worth $51,000. Wilmington Savings Fund Society FSB lifted its position in Everest Group by 19.6% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 195 shares of the company's stock worth $71,000 after buying an additional 32 shares during the last quarter. Private Trust Co. NA lifted 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 buying an additional 64 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in Everest Group by 43.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 211 shares of the company's stock worth $76,000 after buying an additional 64 shares during the last quarter. 92.64% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Everest Group

In other news, Director Geraldine Losquadro sold 1,500 shares of the business's stock in a transaction dated Tuesday, March 18th. The stock was 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 in the company, 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Barclays decreased their target price on Everest Group from $470.00 to $394.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Morgan Stanley lifted their target price on Everest Group from $330.00 to $350.00 and gave the stock an "equal weight" rating in a research report on Monday, May 19th. Wells Fargo & Company cut their price target on Everest Group from $362.00 to $361.00 and set an "equal weight" rating on the stock in a research note on Tuesday, May 6th. Jefferies Financial Group upgraded Everest Group from a "hold" rating to a "buy" rating and raised their price target for the company from $376.00 to $415.00 in a research note on Friday, April 11th. Finally, BMO Capital Markets lowered Everest Group from an "outperform" rating to a "market perform" rating and cut their price target for the company from $453.00 to $375.00 in a research note on Thursday, January 30th. Six investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $398.09.

Everest Group Stock Up 2.2%

EG traded up $7.41 on Tuesday, hitting $343.35. The company had a trading volume of 356,475 shares, compared to its average volume of 384,467. The stock has a fifty day moving average price of $349.25 and a 200-day moving average price of $355.97. Everest Group, Ltd. has a 12-month low of $320.00 and a 12-month high of $407.30. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.40 and a current ratio of 0.40. The stock has a market capitalization of $14.60 billion, a price-to-earnings ratio of 10.93, a P/E/G ratio of 0.24 and a beta of 0.58.

Everest Group (NYSE:EG - Get Free Report) last posted 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). Everest Group had a net margin of 7.95% and a return on equity of 9.04%. The company had revenue of $4.26 billion during the quarter, compared to analysts' expectations of $3.89 billion. During the same quarter last year, the firm earned $16.32 EPS. Everest Group's revenue for the quarter 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 announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Wednesday, May 28th will be paid a $2.00 dividend. The ex-dividend date is Wednesday, May 28th. This represents a $8.00 annualized dividend and a yield of 2.33%. Everest Group's dividend payout ratio (DPR) is presently 41.15%.

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.