Two Sigma Advisers LP Purchases 47,700 Shares of Everest Group, Ltd. (NYSE:EG)

Two Sigma Advisers LP raised its position in Everest Group, Ltd. (NYSE:EG - Free Report) by 230.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 68,400 shares of the company's stock after acquiring an additional 47,700 shares during the period. Two Sigma Advisers LP owned approximately 0.16% of Everest Group worth $24,792,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Janney Montgomery Scott LLC grew its position in Everest Group by 152.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 22,693 shares of the company's stock valued at $8,225,000 after purchasing an additional 13,687 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Everest Group by 39.9% in the fourth quarter. JPMorgan Chase & Co. now owns 109,775 shares of the company's stock valued at $39,789,000 after buying an additional 31,306 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of Everest Group by 25.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 12,055 shares of the company's stock valued at $4,369,000 after buying an additional 2,438 shares during the last quarter. Brandywine Global Investment Management LLC increased its position in shares of Everest Group by 108.5% during the fourth quarter. Brandywine Global Investment Management LLC now owns 12,423 shares of the company's stock worth $4,503,000 after acquiring an additional 6,466 shares in the last quarter. Finally, Atria Wealth Solutions Inc. acquired a new stake in shares of Everest Group in the 4th quarter worth about $325,000. Institutional investors own 92.64% of the company's stock.

Analysts Set New Price Targets

EG has been the subject of a number of analyst reports. UBS Group cut 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. Morgan Stanley lifted their target price on Everest Group from $330.00 to $350.00 and gave the company an "equal weight" rating in a research report on Monday. BMO Capital Markets downgraded Everest Group from an "outperform" rating to a "market perform" rating and decreased their price target for the stock from $453.00 to $375.00 in a report on Thursday, January 30th. Evercore ISI dropped their price objective on Everest Group from $400.00 to $396.00 and set an "in-line" rating on the stock in a research note on Thursday, May 1st. Finally, Wells Fargo & Company cut their price objective 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 investment 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 stock. Based on data from MarketBeat, Everest Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $398.09.

Everest Group Trading Down 0.1%

NYSE EG opened at $347.35 on Wednesday. The business's fifty day moving average is $351.33 and its 200-day moving average is $356.72. 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 stock has a market capitalization of $14.77 billion, a price-to-earnings ratio of 11.06, a PEG ratio of 0.24 and a beta of 0.58. Everest Group, Ltd. has a one year low of $320.00 and a one year high of $407.30.

Everest Group (NYSE:EG - Get Free Report) last posted 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). The company had revenue of $4.26 billion for the quarter, compared to analysts' expectations of $3.89 billion. Everest Group had a return on equity of 9.04% and a net margin of 7.95%. The business's quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the business posted $16.32 EPS. Equities research analysts predict that Everest Group, Ltd. will post 47.93 EPS for the current year.

Everest Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Wednesday, May 28th will be issued a $2.00 dividend. The ex-dividend date is Wednesday, May 28th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.30%. Everest Group's dividend payout ratio (DPR) is presently 41.15%.

Insider Activity at Everest Group

In related news, Director Geraldine Losquadro sold 1,500 shares of the business's 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 sale, 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.10% of the stock is owned by company insiders.

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.

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