UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 29,891 Shares of Everest Group, Ltd. (NYSE:EG)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Everest Group, Ltd. (NYSE:EG - Free Report) by 9.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 338,046 shares of the company's stock after acquiring an additional 29,891 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.79% of Everest Group worth $122,528,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in EG. Vanguard Group Inc. boosted its holdings in shares of Everest Group by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 5,560,030 shares of the company's stock worth $2,015,288,000 after buying an additional 43,793 shares during the last quarter. Norges Bank purchased a new position in shares of Everest Group in the 4th quarter worth about $488,588,000. Franklin Resources Inc. boosted its holdings in shares of Everest Group by 0.4% in the 4th quarter. Franklin Resources Inc. now owns 1,281,611 shares of the company's stock worth $464,533,000 after buying an additional 4,544 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Everest Group by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 1,164,081 shares of the company's stock worth $424,344,000 after buying an additional 8,321 shares during the last quarter. Finally, Vulcan Value Partners LLC boosted its holdings in shares of Everest Group by 279.1% in the 4th quarter. Vulcan Value Partners LLC now owns 978,713 shares of the company's stock worth $354,768,000 after buying an additional 720,572 shares during the last quarter. Institutional investors own 92.64% of the company's stock.

Everest Group Price Performance

Shares of Everest Group stock traded up $7.41 on Tuesday, reaching $343.35. The stock had a trading volume of 356,475 shares, compared to its average volume of 384,467. Everest Group, Ltd. has a 1 year low of $320.00 and a 1 year high of $407.30. The company has a market cap of $14.60 billion, a P/E ratio of 10.93, a price-to-earnings-growth ratio of 0.24 and a beta of 0.58. 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 business's 50 day moving average is $349.48 and its two-hundred day moving average is $356.06.

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 analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $3.89 billion. During the same period in the previous year, the company posted $16.32 earnings per share. The company's quarterly revenue was up 3.1% compared to the same quarter last year. As a group, research analysts anticipate that Everest Group, Ltd. will post 47.93 EPS for the current year.

Everest Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Wednesday, May 28th will be issued a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date is Wednesday, May 28th. Everest Group's payout ratio is 41.15%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on EG shares. Keefe, Bruyette & Woods dropped their price objective on shares of Everest Group from $434.00 to $402.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Morgan Stanley upped their price objective on shares of Everest Group from $330.00 to $350.00 and gave the company an "equal weight" rating in a report on Monday, May 19th. UBS Group dropped their price objective on shares of Everest Group from $375.00 to $372.00 and set a "neutral" rating on the stock in a report on Wednesday, April 9th. Wells Fargo & Company dropped 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. Finally, Jefferies Financial Group raised shares of Everest Group from a "hold" rating to a "buy" rating and upped their price objective for the company from $376.00 to $415.00 in a report on Friday, April 11th. Six 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'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 Transactions at Everest Group

In related news, Director Geraldine Losquadro sold 1,500 shares of the company'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 transaction, the director now directly 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 document filed with the Securities & Exchange Commission, which is accessible through 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.