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

Two Sigma Investments LP grew its position in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 52.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 146,888 shares of the company's stock after acquiring an additional 50,648 shares during the quarter. Two Sigma Investments LP owned 0.34% of Everest Group worth $53,241,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in shares of Everest Group in the fourth quarter valued at about $31,000. Optiver Holding B.V. bought a new position in Everest Group in the fourth quarter valued at approximately $51,000. Wilmington Savings Fund Society FSB raised its stake in shares of Everest Group by 19.6% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 195 shares of the company's stock worth $71,000 after purchasing an additional 32 shares in the last quarter. Private Trust Co. NA boosted its holdings in shares of Everest Group by 48.5% in the 4th quarter. Private Trust Co. NA now owns 196 shares of the company's stock valued at $71,000 after buying an additional 64 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Everest Group by 43.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 211 shares of the company's stock valued at $76,000 after buying an additional 64 shares during the last quarter. Institutional investors and hedge funds own 92.64% of the company's stock.

Everest Group Stock Performance

Shares of EG opened at $347.40 on Tuesday. The firm's fifty day simple moving average is $351.37 and its two-hundred day simple moving average is $356.78. Everest Group, Ltd. has a 12 month low of $320.00 and a 12 month high of $407.30. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $14.78 billion, a P/E ratio of 11.06, a price-to-earnings-growth ratio of 0.24 and a beta of 0.58.

Everest Group (NYSE:EG - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $6.45 EPS for the quarter, missing the consensus estimate of $7.46 by ($1.01). The company had revenue of $4.26 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the business earned $16.32 EPS. As a group, analysts predict that Everest Group, Ltd. will post 47.93 EPS for the current year.

Everest Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Wednesday, May 28th will be issued a dividend of $2.00 per share. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $8.00 annualized dividend and a dividend yield of 2.30%. Everest Group's dividend payout ratio is 41.15%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on EG shares. Barclays dropped 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. Morgan Stanley lifted their price target on Everest Group from $330.00 to $350.00 and gave the stock an "equal weight" rating in a report on Monday. BMO Capital Markets cut Everest Group from an "outperform" rating to a "market perform" rating and cut their price objective for the company from $453.00 to $375.00 in a research report on Thursday, January 30th. Keefe, Bruyette & Woods dropped their price target on Everest Group from $434.00 to $402.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Finally, Wells Fargo & Company reduced their price objective on shares of 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. Six equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $398.09.

Insider Activity

In related news, Director Geraldine Losquadro sold 1,500 shares of the stock in a transaction dated 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 transaction, the director now owns 12,279 shares in the company, valued at approximately $4,428,175.77. This represents a 10.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.10% of the company's stock.

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.

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