Rhumbline Advisers Has $29.86 Million Holdings in Everest Group, Ltd. (NYSE:EG)

Rhumbline Advisers raised its holdings in Everest Group, Ltd. (NYSE:EG - Free Report) by 8.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 82,192 shares of the company's stock after purchasing an additional 6,295 shares during the quarter. Rhumbline Advisers owned 0.19% of Everest Group worth $29,863,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Spire Wealth Management raised its holdings in shares of Everest Group by 8,883.3% in the 4th quarter. Spire Wealth Management now owns 539 shares of the company's stock valued at $195,000 after buying an additional 533 shares during the period. Greenleaf Trust increased its holdings in Everest Group by 3.8% during the 4th quarter. Greenleaf Trust now owns 1,213 shares of the company's stock worth $440,000 after purchasing an additional 44 shares during the period. CENTRAL TRUST Co increased its holdings in Everest Group by 44.3% during the 4th quarter. CENTRAL TRUST Co now owns 518 shares of the company's stock worth $188,000 after purchasing an additional 159 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Everest Group by 44.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,013 shares of the company's stock worth $1,444,000 after acquiring an additional 1,237 shares in the last quarter. Finally, Choreo LLC boosted its position in shares of Everest Group by 38.4% during the 4th quarter. Choreo LLC now owns 862 shares of the company's stock worth $310,000 after acquiring an additional 239 shares in the last quarter. Hedge funds and other institutional investors own 92.64% of the company's stock.

Insider Buying and Selling at Everest Group

In other 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 transaction, the director now directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

Everest Group Price Performance

Everest Group stock traded up $2.40 during mid-day trading on Friday, hitting $346.22. 186,081 shares of the company were exchanged, compared to its average volume of 391,211. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.40 and a quick ratio of 0.40. The business's 50 day simple moving average is $346.59 and its two-hundred day simple moving average is $354.36. The company has a market capitalization of $14.73 billion, a P/E ratio of 11.02, a PEG ratio of 0.24 and a beta of 0.53. Everest Group, Ltd. has a 12-month low of $320.00 and a 12-month high of $407.30.

Everest Group (NYSE:EG - Get Free Report) last issued its 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 during the quarter, compared to analysts' expectations of $3.89 billion. During the same period in the previous year, the company earned $16.32 EPS. Everest Group's quarterly revenue was up 3.1% on a year-over-year basis. Analysts forecast that Everest Group, Ltd. will post 47.93 earnings per share for the current fiscal year.

Everest Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Wednesday, May 28th will be paid 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%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Barclays lowered their price objective 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 upped their price objective 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 lowered their price objective on Everest Group from $362.00 to $361.00 and set an "equal weight" rating for the company in a research report on Tuesday, May 6th. Evercore ISI lowered their price objective 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. Finally, Keefe, Bruyette & Woods decreased their target price on Everest Group from $434.00 to $402.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Six research 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 stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $398.09.

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.