34,755 Shares in Everest Group, Ltd. (NYSE:EG) Bought by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Everest Group, Ltd. (NYSE:EG - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 34,755 shares of the company's stock, valued at approximately $12,597,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.08% of Everest Group at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Everest Group in the fourth quarter valued at about $488,588,000. Vulcan Value Partners LLC increased its position in shares of Everest Group by 279.1% in the fourth quarter. Vulcan Value Partners LLC now owns 978,713 shares of the company's stock valued at $354,768,000 after acquiring an additional 720,572 shares during the last quarter. Sterling Capital Management LLC increased its position in shares of Everest Group by 11,756.0% in the fourth quarter. Sterling Capital Management LLC now owns 278,616 shares of the company's stock valued at $100,987,000 after acquiring an additional 276,266 shares during the last quarter. Balyasny Asset Management L.P. increased its position in shares of Everest Group by 14,518.5% in the fourth quarter. Balyasny Asset Management L.P. now owns 190,040 shares of the company's stock valued at $68,882,000 after acquiring an additional 188,740 shares during the last quarter. Finally, Donald Smith & CO. Inc. acquired a new stake in shares of Everest Group in the fourth quarter valued at about $56,341,000. 92.64% of the stock is currently owned by institutional investors.

Everest Group Stock Performance

Shares of Everest Group stock traded down $1.48 on Tuesday, hitting $350.26. The stock had a trading volume of 78,968 shares, compared to its average volume of 386,961. The business's 50 day moving average is $348.03 and its two-hundred day moving average is $355.20. The stock has a market cap of $14.90 billion, a price-to-earnings ratio of 11.15, a price-to-earnings-growth ratio of 0.24 and a beta of 0.53. Everest Group, Ltd. has a twelve month low of $320.00 and a twelve month high of $407.30. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.26.

Everest Group (NYSE:EG - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $6.45 earnings per share 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 for the quarter, compared to analyst estimates of $3.89 billion. During the same period in the prior year, the business posted $16.32 EPS. The firm's quarterly revenue was up 3.1% compared to the same quarter last year. Analysts forecast that Everest Group, Ltd. will post 47.93 EPS for the current year.

Everest Group Dividend Announcement

The company also recently announced 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. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date is Wednesday, May 28th. Everest Group's dividend payout ratio is currently 41.15%.

Insider Transactions at Everest Group

In other news, Director Geraldine Losquadro sold 1,500 shares of Everest Group stock in a transaction 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 approximately $4,428,175.77. This trade 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 hyperlink. Insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. UBS Group lowered their target price 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. 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, May 19th. Evercore ISI lowered their target price 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. Jefferies Financial Group raised Everest Group from a "hold" rating to a "buy" rating and lifted their target price for the company from $376.00 to $415.00 in a research report on Friday, April 11th. Finally, Barclays lowered 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. Six equities 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 company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $398.09.

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.