Vident Advisory LLC Purchases Shares of 8,956 Everest Group, Ltd. (NYSE:EG)

Vident Advisory LLC bought a new position in Everest Group, Ltd. (NYSE:EG - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 8,956 shares of the company's stock, valued at approximately $3,246,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Dakota Wealth Management raised its holdings in Everest Group by 1.7% in the 4th quarter. Dakota Wealth Management now owns 1,945 shares of the company's stock worth $705,000 after acquiring an additional 32 shares during the period. Wilmington Savings Fund Society FSB boosted its position 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 valued at $71,000 after acquiring an additional 32 shares in the last quarter. Lester Murray Antman dba SimplyRich grew its stake in shares of Everest Group by 2.7% in the 4th quarter. Lester Murray Antman dba SimplyRich now owns 1,328 shares of the company's stock valued at $481,000 after purchasing an additional 35 shares during the period. Nissay Asset Management Corp Japan ADV lifted its holdings in shares of Everest Group by 0.7% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 5,315 shares of the company's stock valued at $1,913,000 after acquiring an additional 36 shares during the period. Finally, Foundations Investment Advisors LLC increased its position in Everest Group by 5.9% in the 4th quarter. Foundations Investment Advisors LLC now owns 661 shares of the company's stock valued at $239,000 after acquiring an additional 37 shares in the last quarter. Institutional investors and hedge funds own 92.64% of the company's stock.

Everest Group Stock Performance

NYSE EG traded down $0.30 on Monday, hitting $336.00. 421,507 shares of the stock traded hands, compared to its average volume of 384,579. Everest Group, Ltd. has a 12 month low of $320.00 and a 12 month 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. The business's fifty day moving average is $349.89 and its two-hundred day moving average is $356.29. The firm has a market capitalization of $14.29 billion, a price-to-earnings ratio of 10.70, a PEG ratio of 0.24 and a beta of 0.58.

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

Everest Group Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages recently commented on EG. Barclays dropped their price objective on shares of Everest Group from $470.00 to $394.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. UBS Group cut 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. Jefferies Financial Group upgraded shares of Everest Group from a "hold" rating to a "buy" rating and lifted their price target for the stock from $376.00 to $415.00 in a report on Friday, April 11th. Raymond James reaffirmed a "strong-buy" rating and set a $410.00 target price (down from $420.00) on shares of Everest Group in a research report on Tuesday, May 6th. Finally, Wells Fargo & Company decreased their price target on Everest Group from $362.00 to $361.00 and set an "equal weight" rating for the company in a research note on Tuesday, May 6th. Six equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $398.09.

Insiders Place Their Bets

In other news, Director Geraldine Losquadro sold 1,500 shares of the company's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $360.63, for a total value of $540,945.00. Following the sale, the director now directly owns 12,279 shares of the company's stock, valued at $4,428,175.77. This represents a 10.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is owned by insiders.

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.