Northern Trust Corp Buys 53,849 Shares of Everest Group, Ltd. (NYSE:EG)

Northern Trust Corp lifted its stake in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 14.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 419,481 shares of the company's stock after buying an additional 53,849 shares during the quarter. Northern Trust Corp owned 0.98% of Everest Group worth $152,045,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new position in shares of Everest Group in the 4th quarter valued at about $31,000. Optiver Holding B.V. bought a new stake in shares of Everest Group in the 4th quarter worth approximately $51,000. Wilmington Savings Fund Society FSB bought a new position in Everest Group during the 3rd quarter worth $64,000. Private Trust Co. NA increased its position in Everest Group by 48.5% in the fourth quarter. Private Trust Co. NA now owns 196 shares of the company's stock worth $71,000 after buying an additional 64 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in 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 buying an additional 64 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 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 completion of the sale, the director now 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.10% of the company's stock.

Everest Group Stock Up 1.8 %

NYSE:EG traded up $6.13 during trading hours on Thursday, hitting $348.18. 197,694 shares of the company's stock traded hands, compared to its average volume of 420,206. Everest Group, Ltd. has a twelve month low of $320.00 and a twelve month high of $407.30. The firm has a market cap of $16.64 billion, a P/E ratio of 11.09, a P/E/G ratio of 0.24 and a beta of 0.58. 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 stock's fifty day moving average price is $353.12 and its two-hundred day moving average price is $358.74.

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 for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $3.89 billion. During the same quarter in the prior year, the company posted $16.32 EPS. The firm's quarterly revenue was up 3.1% compared to the same quarter last year. On average, research analysts expect that Everest Group, Ltd. will post 47.93 earnings per share for the current fiscal year.

Everest Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 17th were paid a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date of this dividend was Monday, March 17th. Everest Group's payout ratio is 41.15%.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Wells Fargo & Company cut 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 research report on Tuesday. Barclays decreased their price objective on Everest Group from $470.00 to $394.00 and set an "overweight" rating for the company in a report on Friday, April 11th. BMO Capital Markets lowered 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. UBS Group cut their price objective on shares of Everest Group from $375.00 to $372.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 9th. Finally, Raymond James reiterated a "strong-buy" rating and issued a $410.00 target price (down previously from $420.00) on shares of Everest Group in a research report on Tuesday. Six 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's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $397.18.

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.