Quantinno Capital Management LP Buys 2,287 Shares of Everest Group, Ltd. (NYSE:EG)

Quantinno Capital Management LP increased its holdings in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 24.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,598 shares of the company's stock after buying 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 reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Mufg Securities Americas Inc. bought a new position in Everest Group in the fourth quarter valued at about $230,000. Man Group plc raised its position in Everest Group by 42.5% in the fourth quarter. Man Group plc now owns 159,199 shares of the company's stock valued at $57,703,000 after purchasing an additional 47,465 shares during the last quarter. Nissay Asset Management Corp Japan ADV raised its position in Everest Group by 0.7% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 5,315 shares of the company's stock valued at $1,913,000 after purchasing an additional 36 shares during the last quarter. Nomura Holdings Inc. bought a new position in Everest Group in the fourth quarter valued at about $515,000. Finally, Numerai GP LLC bought a new position in Everest Group in the fourth quarter valued at about $4,936,000. 92.64% of the stock is currently owned by institutional investors.

Everest Group Trading Down 0.1%

NYSE EG traded down $0.30 during trading hours on Friday, hitting $336.00. 421,507 shares of the company's stock were exchanged, compared to its average volume of 384,579. The stock has a 50-day simple moving average of $349.89 and a 200 day simple moving average of $356.32. Everest Group, Ltd. has a 1-year low of $320.00 and a 1-year high of $407.30. The firm has a market cap of $14.29 billion, a price-to-earnings ratio of 10.70, a PEG ratio of 0.24 and a beta of 0.58. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.26.

Everest Group (NYSE:EG - Get Free Report) last released 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). Everest Group had a return on equity of 9.04% and a net margin of 7.95%. The business 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 EPS. The company's revenue for the quarter was up 3.1% on a year-over-year basis. On average, equities analysts forecast that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Everest Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Wednesday, May 28th will be paid a dividend of $2.00 per share. The ex-dividend date is Wednesday, May 28th. This represents a $8.00 annualized dividend and a yield of 2.38%. Everest Group's dividend payout ratio is currently 41.15%.

Insider Buying and Selling

In other Everest Group news, Director Geraldine Losquadro sold 1,500 shares of the firm's stock in a transaction that occurred on 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 of the company's stock, valued at approximately $4,428,175.77. This trade represents a 10.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on EG shares. Evercore ISI dropped their target price on Everest Group from $400.00 to $396.00 and set an "in-line" rating for the company in a research report on Thursday, May 1st. UBS Group decreased their price target 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. Keefe, Bruyette & Woods decreased their price target on Everest Group from $434.00 to $402.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Morgan Stanley increased their price target on Everest Group from $330.00 to $350.00 and gave the company an "equal weight" rating in a research note on Monday, May 19th. Finally, Wells Fargo & Company decreased their price target 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. Six analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $398.09.

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.