Worldquant Millennium Advisors LLC Purchases 1,083 Shares of Everest Group, Ltd. (NYSE:EG)

Worldquant Millennium Advisors LLC lifted its stake in Everest Group, Ltd. (NYSE:EG - Free Report) by 109.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,077 shares of the company's stock after buying an additional 1,083 shares during the period. Worldquant Millennium Advisors LLC's holdings in Everest Group were worth $753,000 at the end of the most recent reporting period.

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

Insider Buying and Selling

In other Everest Group news, Director Geraldine Losquadro sold 1,500 shares of the firm's stock in a transaction 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 directly owns 12,279 shares in the company, 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 document filed with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Raymond James reaffirmed a "strong-buy" rating and set a $410.00 target price (down previously from $420.00) on shares of Everest Group in a report on Tuesday, May 6th. Evercore ISI reduced their price target on shares of 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 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 research report on Friday, April 11th. Wells Fargo & Company reduced their price target on shares of Everest Group from $362.00 to $361.00 and set an "equal weight" rating on the stock in a research report on Tuesday, May 6th. Finally, BMO Capital Markets cut shares of Everest Group from an "outperform" rating to a "market perform" rating and reduced their price target for the stock from $453.00 to $375.00 in a research report on Thursday, January 30th. Six 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. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $398.09.

Everest Group Price Performance

Shares of Everest Group stock traded down $3.62 on Wednesday, reaching $338.15. 193,144 shares of the stock were exchanged, compared to its average volume of 383,724. The firm's 50 day moving average is $349.25 and its 200-day moving average is $355.97. Everest Group, Ltd. has a one year low of $320.00 and a one year 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 firm has a market cap of $14.38 billion, a PE ratio of 10.77, a P/E/G ratio of 0.24 and a beta of 0.58.

Everest Group (NYSE:EG - Get Free Report) last issued 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 during the quarter, compared to the consensus estimate of $3.89 billion. Everest Group had a net margin of 7.95% and a return on equity of 9.04%. Everest Group's revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the previous year, the company earned $16.32 EPS. As a group, analysts anticipate that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Everest Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Wednesday, May 28th will be paid a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date of this dividend is Wednesday, May 28th. Everest Group's dividend payout ratio is presently 41.15%.

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.