UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $122.53 Million Position in Everest Group, Ltd. (NYSE:EG)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 9.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 338,046 shares of the company's stock after buying an additional 29,891 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.79% of Everest Group worth $122,528,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Keefe, Bruyette & Woods decreased their price target on Everest Group from $434.00 to $402.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Evercore ISI lowered their price target on Everest Group from $400.00 to $396.00 and set an "in-line" rating on the stock in a report on Thursday, May 1st. Jefferies Financial Group upgraded Everest Group from a "hold" rating to a "buy" rating and boosted their price objective for the company from $376.00 to $415.00 in a research report on Friday, April 11th. BMO Capital Markets lowered shares of Everest Group from an "outperform" rating to a "market perform" rating and lowered their price target for the company from $453.00 to $375.00 in a report on Thursday, January 30th. Finally, UBS Group reduced their price objective on shares of Everest Group from $375.00 to $372.00 and set a "neutral" rating for the company in a report on Wednesday, April 9th. Six equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $398.09.

Everest Group Price Performance

Shares of Everest Group stock traded down $6.31 during mid-day trading on Wednesday, reaching $335.45. 423,905 shares of the stock were exchanged, compared to its average volume of 384,624. Everest Group, Ltd. has a fifty-two week low of $320.00 and a fifty-two week high of $407.30. The company has a market cap of $14.27 billion, a price-to-earnings ratio of 10.68, a price-to-earnings-growth ratio of 0.24 and a beta of 0.58. The firm has a 50-day simple moving average of $349.25 and a 200 day simple moving average of $355.97. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.26.

Everest Group (NYSE:EG - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $6.45 earnings per share for the quarter, missing the consensus estimate of $7.46 by ($1.01). Everest Group had a return on equity of 9.04% and a net margin of 7.95%. 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 company posted $16.32 earnings per share. Everest Group's quarterly revenue was up 3.1% compared to the same quarter last year. On average, sell-side analysts predict that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Everest Group Announces Dividend

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

Insiders Place Their Bets

In related news, Director Geraldine Losquadro sold 1,500 shares of the firm's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $360.63, for a total value 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 trade represents a 10.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.10% of the company's stock.

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.