ProShare Advisors LLC Grows Stock Position in Everest Group, Ltd. (NYSE:EG)

ProShare Advisors LLC increased its position in Everest Group, Ltd. (NYSE:EG - Free Report) by 12.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,288 shares of the company's stock after acquiring an additional 1,465 shares during the quarter. ProShare Advisors LLC's holdings in Everest Group were worth $4,816,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in Everest Group in the 4th quarter worth $31,000. Optiver Holding B.V. acquired a new stake in shares of Everest Group during the 4th quarter valued at about $51,000. Wilmington Savings Fund Society FSB boosted its position in shares of Everest Group by 19.6% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 195 shares of the company's stock valued at $71,000 after acquiring an additional 32 shares in the last quarter. Private Trust Co. NA boosted its position in shares of Everest Group by 48.5% during the 4th quarter. Private Trust Co. NA now owns 196 shares of the company's stock valued at $71,000 after acquiring an additional 64 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted 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 acquiring an additional 64 shares in the last quarter. 92.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on EG shares. Barclays decreased their target price on shares of Everest Group from $470.00 to $394.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. UBS Group decreased their target price on shares of Everest Group from $375.00 to $372.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 9th. BMO Capital Markets lowered shares of Everest Group from an "outperform" rating to a "market perform" rating and decreased their target price for the company from $453.00 to $375.00 in a research report on Thursday, January 30th. Wells Fargo & Company cut their price target 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. Finally, Jefferies Financial Group raised shares of Everest Group from a "hold" rating to a "buy" rating and lifted their price target for the company from $376.00 to $415.00 in a report on Friday, April 11th. 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 stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $398.09.

Insiders Place Their Bets

In related news, Director Geraldine Losquadro sold 1,500 shares of the business's 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 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.10% of the company's stock.

Everest Group Stock Down 0.1%

EG traded down $0.30 during mid-day trading on Friday, reaching $336.00. 421,507 shares of the stock were exchanged, compared to its average volume of 384,579. 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 $14.29 billion, a PE ratio of 10.70, a price-to-earnings-growth ratio of 0.24 and a beta of 0.58. The company has a 50 day moving average price of $349.89 and a two-hundred day moving average price of $356.29. Everest Group, Ltd. has a 1 year low of $320.00 and a 1 year high of $407.30.

Everest Group (NYSE:EG - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $6.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $7.46 by ($1.01). The firm had revenue of $4.26 billion for 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%. Everest Group's revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $16.32 earnings per share. As a group, research analysts anticipate that Everest Group, Ltd. will post 47.93 EPS for the current year.

Everest Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Wednesday, May 28th will be issued a dividend of $2.00 per share. 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 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.