Two Sigma Investments LP Has $53.24 Million Holdings in Everest Group, Ltd. (NYSE:EG)

Two Sigma Investments LP grew its holdings in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 52.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 146,888 shares of the company's stock after acquiring an additional 50,648 shares during the quarter. Two Sigma Investments LP owned about 0.34% of Everest Group worth $53,241,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in EG. Tidal Investments LLC raised its position in shares of Everest Group by 4.6% during the fourth quarter. Tidal Investments LLC now owns 3,373 shares of the company's stock worth $1,223,000 after purchasing an additional 148 shares during the period. Teza Capital Management LLC raised its position in Everest Group by 992.8% during the fourth quarter. Teza Capital Management LLC now owns 46,107 shares of the company's stock valued at $16,712,000 after buying an additional 41,888 shares during the period. State of Wyoming raised its position in Everest Group by 117.1% during the fourth quarter. State of Wyoming now owns 1,663 shares of the company's stock valued at $603,000 after buying an additional 897 shares during the period. Toronto Dominion Bank raised its position in Everest Group by 6.6% during the fourth quarter. Toronto Dominion Bank now owns 23,015 shares of the company's stock valued at $8,342,000 after buying an additional 1,430 shares during the period. Finally, Systematic Financial Management LP raised its position in Everest Group by 3.0% during the fourth quarter. Systematic Financial Management LP now owns 107,319 shares of the company's stock valued at $38,899,000 after buying an additional 3,084 shares during the period. Institutional investors and hedge funds own 92.64% of the company's stock.

Insiders Place Their Bets

In other Everest Group news, Director Geraldine Losquadro sold 1,500 shares of the company'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 transaction of $540,945.00. Following the completion of the sale, the director now owns 12,279 shares of the company's stock, valued at $4,428,175.77. This represents a 10.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on EG shares. Wells Fargo & Company dropped their price target on 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. Evercore ISI dropped their price target on Everest Group from $400.00 to $396.00 and set an "in-line" rating on the stock in a research report on Thursday, May 1st. UBS Group dropped their price target on Everest Group from $375.00 to $372.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 9th. Barclays dropped their price target on Everest Group from $470.00 to $394.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Finally, BMO Capital Markets lowered Everest Group from an "outperform" rating to a "market perform" rating and dropped their price target for the company from $453.00 to $375.00 in a research report on Thursday, January 30th. Six research 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.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $398.09.

Everest Group Stock Down 0.1%

Shares of NYSE EG traded down $0.30 during trading hours on Friday, hitting $336.00. The stock had a trading volume of 421,507 shares, compared to its average volume of 384,579. The company has a market capitalization of $14.29 billion, a P/E ratio of 10.70, a P/E/G ratio of 0.24 and a beta of 0.58. The firm's 50-day moving average price is $349.89 and its two-hundred day moving average price is $356.32. Everest Group, Ltd. has a 52 week low of $320.00 and a 52 week high of $407.30. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.40 and a current ratio of 0.40.

Everest Group (NYSE:EG - Get Free Report) last announced its quarterly 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). The firm had revenue of $4.26 billion during the quarter, compared to the consensus estimate of $3.89 billion. Everest Group had a net margin of 7.95% and a return on equity of 9.04%. The company's quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $16.32 EPS. Analysts anticipate that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Everest Group Announces Dividend

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

About Everest Group

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.