SG Americas Securities LLC Has $2.12 Million Holdings in Everest Group, Ltd. (NYSE:EG)

SG Americas Securities LLC grew its holdings in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 127.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,842 shares of the company's stock after purchasing an additional 3,272 shares during the quarter. SG Americas Securities LLC's holdings in Everest Group were worth $2,123,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Vanguard Group Inc. grew its stake in Everest Group by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 5,560,030 shares of the company's stock valued at $2,015,288,000 after buying an additional 43,793 shares during the last quarter. Norges Bank acquired a new position in Everest Group in the 4th quarter valued at $488,588,000. Franklin Resources Inc. grew its stake in Everest Group by 0.4% in the 4th quarter. Franklin Resources Inc. now owns 1,281,611 shares of the company's stock valued at $464,533,000 after buying an additional 4,544 shares during the last quarter. Geode Capital Management LLC grew its stake in Everest Group by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 1,164,081 shares of the company's stock valued at $424,344,000 after buying an additional 8,321 shares during the last quarter. Finally, Vulcan Value Partners LLC grew its stake in Everest Group by 279.1% in the 4th quarter. Vulcan Value Partners LLC now owns 978,713 shares of the company's stock valued at $354,768,000 after buying an additional 720,572 shares during the last quarter. Institutional investors own 92.64% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on EG. Keefe, Bruyette & Woods decreased their price target on shares of Everest Group from $434.00 to $402.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Wells Fargo & Company decreased their price target on shares of Everest Group from $362.00 to $361.00 and set an "equal weight" rating on the stock in a research report on Tuesday, May 6th. Jefferies Financial Group upgraded shares of Everest Group from a "hold" rating to a "buy" rating and raised their price target for the stock from $376.00 to $415.00 in a research report on Friday, April 11th. Raymond James restated a "strong-buy" rating and issued a $410.00 price target (down from $420.00) on shares of Everest Group in a research report on Tuesday, May 6th. Finally, Barclays decreased their price target 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. Six investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Everest Group presently has an average rating of "Moderate Buy" and a consensus price target of $398.09.

Insider Activity at Everest Group

In other news, Director Geraldine Losquadro sold 1,500 shares of Everest Group stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $360.63, for a total transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO James Allan Williamson purchased 1,000 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 25,618 shares in the company, valued at $8,658,115.46. This trade represents a 4.06% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.10% of the stock is currently owned by insiders.

Everest Group Price Performance

Shares of Everest Group stock traded down $5.08 during trading on Friday, hitting $334.74. 430,435 shares of the company's stock traded hands, compared to its average volume of 394,750. 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 firm's fifty day moving average price is $345.89 and its 200 day moving average price is $352.81. Everest Group, Ltd. has a twelve month low of $320.00 and a twelve month high of $407.30. The company has a market cap of $14.24 billion, a PE ratio of 10.66, a PEG ratio of 0.24 and a beta of 0.53.

Everest Group (NYSE:EG - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $6.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.46 by ($1.01). Everest Group had a net margin of 7.95% and a return on equity of 9.04%. The firm had revenue of $4.26 billion for the quarter, compared to the consensus estimate of $3.89 billion. During the same period in the prior year, the business earned $16.32 earnings per share. The company's revenue for the quarter 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 year.

Everest Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Wednesday, May 28th were issued a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 2.39%. The ex-dividend date was Wednesday, May 28th. Everest Group's dividend payout ratio is currently 41.15%.

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.