Everest Group, Ltd. (NYSE:EG) Stock Holdings Boosted by Quantinno Capital Management LP

Quantinno Capital Management LP boosted its position in Everest Group, Ltd. (NYSE:EG - Free Report) by 24.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,598 shares of the company's stock after purchasing an additional 2,287 shares during the quarter. Quantinno Capital Management LP's holdings in Everest Group were worth $4,204,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in EG. SBI Securities Co. Ltd. bought a new stake in Everest Group in the 4th quarter worth about $31,000. Optiver Holding B.V. bought a new stake in shares of Everest Group during the 4th quarter valued at about $51,000. Wilmington Savings Fund Society FSB grew its stake 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 purchasing an additional 32 shares during the period. Private Trust Co. NA grew its stake 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 purchasing an additional 64 shares during the period. Finally, EverSource Wealth Advisors LLC grew its stake 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 purchasing an additional 64 shares during the period. Institutional investors own 92.64% of the company's stock.

Wall Street Analyst Weigh In

EG has been the subject of a number of recent research reports. Evercore ISI cut their price objective on Everest Group from $400.00 to $396.00 and set an "in-line" rating for the company in a research note on Thursday, May 1st. Wells Fargo & Company cut their price objective on Everest Group from $362.00 to $361.00 and set an "equal weight" rating for the company in a research note on Tuesday, May 6th. UBS Group cut their price objective on Everest Group from $375.00 to $372.00 and set a "neutral" rating for the company in a research note on Wednesday, April 9th. Jefferies Financial Group upgraded Everest Group from a "hold" rating to a "buy" rating and boosted their price objective for the company from $376.00 to $415.00 in a research note on Friday, April 11th. Finally, Barclays lowered their price target on Everest Group from $470.00 to $394.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Six analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $398.09.

Everest Group Stock Down 2.0%

Everest Group stock traded down $6.95 during mid-day trading on Wednesday, hitting $340.56. The company had a trading volume of 483,963 shares, compared to its average volume of 382,508. The stock has a market cap of $14.49 billion, a price-to-earnings ratio of 10.84, a PEG ratio of 0.24 and a beta of 0.58. Everest Group, Ltd. has a 1 year low of $320.00 and a 1 year high of $407.30. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.26. The business has a fifty day moving average of $350.95 and a 200 day moving average of $356.61.

Everest Group (NYSE:EG - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $6.45 earnings per share 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 company had revenue of $4.26 billion for the quarter, compared to analyst estimates of $3.89 billion. During the same period in the prior year, the business earned $16.32 earnings per share. Everest Group's revenue for the quarter was up 3.1% compared to the same quarter last year. On average, sell-side analysts expect that Everest Group, Ltd. will post 47.93 earnings per share for the current fiscal year.

Everest Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Wednesday, May 28th will be given a $2.00 dividend. The ex-dividend date is Wednesday, May 28th. This represents a $8.00 annualized dividend and a dividend yield of 2.35%. Everest Group's dividend payout ratio is presently 41.15%.

Insider Activity

In other Everest Group news, Director Geraldine Losquadro sold 1,500 shares of Everest Group stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $360.63, for a total value of $540,945.00. Following the completion of the sale, the director now owns 12,279 shares in the company, valued at $4,428,175.77. The trade was a 10.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.10% of the company's stock.

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.