Robeco Institutional Asset Management B.V. Raises Stake in Everest Group, Ltd. (NYSE:EG)

Robeco Institutional Asset Management B.V. raised its stake in Everest Group, Ltd. (NYSE:EG - Free Report) by 10.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 95,414 shares of the company's stock after acquiring an additional 8,928 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.20% of Everest Group worth $34,667,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. bought a new stake in shares of Everest Group in the fourth quarter valued at approximately $29,000. SBI Securities Co. Ltd. bought a new stake in shares of Everest Group in the fourth quarter valued at approximately $31,000. Optiver Holding B.V. bought a new stake in shares of Everest Group in the fourth quarter valued at approximately $51,000. Bruce G. Allen Investments LLC raised its position in shares of Everest Group by 79.1% in the first quarter. Bruce G. Allen Investments LLC now owns 154 shares of the company's stock valued at $56,000 after purchasing an additional 68 shares during the period. Finally, Private Trust Co. NA increased its holdings in Everest Group by 48.5% during the 4th quarter. Private Trust Co. NA now owns 196 shares of the company's stock worth $71,000 after acquiring an additional 64 shares during the period. 92.64% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Morgan Stanley upped their target price on shares of Everest Group from $330.00 to $350.00 and gave the stock an "equal weight" rating in a report on Monday, May 19th. Raymond James Financial reaffirmed a "strong-buy" rating and set a $410.00 target price (down previously from $420.00) on shares of Everest Group in a report on Tuesday, May 6th. Keefe, Bruyette & Woods decreased their target price on shares of Everest Group from $434.00 to $402.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Jefferies Financial Group raised shares of Everest Group from a "hold" rating to a "buy" rating and upped their target price for the stock from $376.00 to $415.00 in a report on Friday, April 11th. Finally, Wells Fargo & Company decreased their target price on shares of Everest Group from $362.00 to $361.00 and set an "equal weight" rating on the stock in a report on Tuesday, May 6th. Six analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Everest Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $400.33.

Insider Transactions at Everest Group

In other news, CEO James Allan Williamson purchased 1,000 shares of the business's stock in a transaction on Wednesday, June 11th. The shares were acquired at an average price of $337.97 per share, with a total value of $337,970.00. Following the acquisition, the chief executive officer directly owned 25,618 shares in the company, valued at approximately $8,658,115.46. The trade was a 4.06% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.10% of the stock is currently owned by company insiders.

Everest Group Trading Up 1.1%

Shares of Everest Group stock traded up $3.63 during trading on Monday, reaching $340.41. The company's stock had a trading volume of 387,505 shares, compared to its average volume of 402,301. Everest Group, Ltd. has a 52-week low of $320.00 and a 52-week high of $407.30. The company has a market cap of $14.48 billion, a price-to-earnings ratio of 17.51, a PEG ratio of 0.26 and a beta of 0.53. The firm's 50-day moving average is $343.90 and its two-hundred day moving average is $349.99. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.25.

Everest Group (NYSE:EG - Get Free Report) last announced 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). Everest Group had a net margin of 4.88% and a return on equity of 5.95%. The business had revenue of $4.26 billion during the quarter, compared to analysts' expectations of $3.89 billion. During the same period last year, the company posted $16.32 EPS. Everest Group's revenue for the quarter was up 3.1% on a year-over-year basis. On average, sell-side analysts anticipate that Everest Group, Ltd. will post 47.93 earnings per share for the current year.

Everest Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Wednesday, May 28th were issued a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend was Wednesday, May 28th. 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.