Nebula Research & Development LLC Buys Shares of 2,773 Everest Group, Ltd. (NYSE:EG)

Nebula Research & Development LLC purchased a new position in shares of Everest Group, Ltd. (NYSE:EG - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,773 shares of the company's stock, valued at approximately $1,005,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Norges Bank bought a new stake in shares of Everest Group in the 4th quarter worth about $488,588,000. Sterling Capital Management LLC lifted its holdings in Everest Group by 11,756.0% during the 4th quarter. Sterling Capital Management LLC now owns 278,616 shares of the company's stock worth $100,987,000 after buying an additional 276,266 shares during the last quarter. Donald Smith & CO. Inc. bought a new stake in shares of Everest Group in the 4th quarter valued at approximately $56,341,000. Raymond James Financial Inc. acquired a new stake in shares of Everest Group during the 4th quarter valued at approximately $48,290,000. Finally, Invesco Ltd. lifted its stake in Everest Group by 17.2% during the fourth quarter. Invesco Ltd. now owns 855,120 shares of the company's stock worth $309,947,000 after purchasing an additional 125,271 shares during the last quarter. Hedge funds and other institutional investors own 92.64% of the company's stock.

Insider Buying and Selling

In related news, Director Geraldine Losquadro sold 1,500 shares of the stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $360.63, for a total value of $540,945.00. Following the completion of the transaction, the director now owns 12,279 shares in the company, valued at $4,428,175.77. This trade represents a 10.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on EG shares. Wells Fargo & Company reduced their price target on shares of Everest Group from $370.00 to $362.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 10th. Keefe, Bruyette & Woods dropped their price target on Everest Group from $434.00 to $402.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Morgan Stanley restated an "equal weight" rating and set a $340.00 price objective (down previously from $425.00) on shares of Everest Group in a research report on Wednesday, February 5th. BMO Capital Markets lowered Everest Group from an "outperform" rating to a "market perform" rating and dropped their target price for the stock from $453.00 to $375.00 in a research report on Thursday, January 30th. Finally, Barclays reduced their price target on shares of Everest Group from $470.00 to $394.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $396.00.

Everest Group Price Performance

Everest Group stock traded up $10.96 during trading hours on Friday, hitting $348.34. 150,958 shares of the company traded hands, compared to its average volume of 369,920. The firm's 50-day simple moving average is $353.24 and its two-hundred day simple moving average is $359.85. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.26. The firm has a market cap of $16.65 billion, a P/E ratio of 11.08, a P/E/G ratio of 0.24 and a beta of 0.43. Everest Group, Ltd. has a 1-year low of $320.00 and a 1-year high of $407.30.

Everest Group (NYSE:EG - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $6.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.46 by ($1.01). The firm had revenue of $4.26 billion for the quarter, compared to analyst estimates of $3.89 billion. Everest Group had a net margin of 7.95% and a return on equity of 9.04%. The firm's revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter last year, the business posted $16.32 earnings per share. As a group, analysts forecast that Everest Group, Ltd. will post 47.93 earnings per share for the current fiscal year.

Everest Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 17th were paid a $2.00 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $8.00 annualized dividend and a dividend yield of 2.30%. Everest Group's dividend payout ratio is currently 25.47%.

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.