OMERS ADMINISTRATION Corp Has $1.96 Million Stock Holdings in Everest Group, Ltd. (NYSE:EG)

OMERS ADMINISTRATION Corp trimmed its holdings in Everest Group, Ltd. (NYSE:EG - Free Report) by 21.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,409 shares of the company's stock after selling 1,493 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Everest Group were worth $1,961,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in EG. SBI Securities Co. Ltd. acquired a new stake in shares of Everest Group in the fourth quarter valued at approximately $31,000. Optiver Holding B.V. acquired a new stake in shares of Everest Group during the 4th quarter valued at approximately $51,000. Wilmington Savings Fund Society FSB raised its holdings in Everest Group by 19.6% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 195 shares of the company's stock worth $71,000 after purchasing an additional 32 shares during the last quarter. Private Trust Co. NA boosted its position in shares of Everest Group by 48.5% in the 4th quarter. Private Trust Co. NA now owns 196 shares of the company's stock worth $71,000 after buying an additional 64 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in Everest Group by 43.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 211 shares of the company's stock worth $76,000 after acquiring an additional 64 shares during the last quarter. 92.64% of the stock is currently owned by hedge funds and other institutional investors.

Everest Group Stock Performance

EG stock traded down $5.73 during midday trading on Wednesday, hitting $341.78. 102,822 shares of the company traded hands, compared to its average volume of 424,380. Everest Group, Ltd. has a twelve month low of $320.00 and a twelve month high of $407.30. The stock has a market capitalization of $14.54 billion, a price-to-earnings ratio of 10.88, a price-to-earnings-growth ratio of 0.24 and a beta of 0.58. 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 business has a 50 day simple moving average of $351.33 and a 200-day simple moving average of $356.72.

Everest Group (NYSE:EG - Get Free Report) last released 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 firm earned $16.32 EPS. The firm's revenue was up 3.1% on a year-over-year basis. As a group, equities research analysts predict that Everest Group, Ltd. will post 47.93 earnings per share for the current year.

Everest Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Wednesday, May 28th will be given a $2.00 dividend. The ex-dividend date is Wednesday, May 28th. This represents a $8.00 annualized dividend and a yield of 2.34%. Everest Group's dividend payout ratio is 41.15%.

Insider Activity

In other Everest Group news, Director Geraldine Losquadro sold 1,500 shares of Everest Group stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $360.63, for a total transaction of $540,945.00. Following the sale, the director now owns 12,279 shares in the company, valued at $4,428,175.77. The trade was a 10.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. UBS Group reduced their target price on Everest Group from $375.00 to $372.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 9th. Evercore ISI lowered their price objective on Everest Group from $400.00 to $396.00 and set an "in-line" rating for the company in a research report on Thursday, May 1st. Morgan Stanley upped their price target on shares of Everest Group from $330.00 to $350.00 and gave the stock an "equal weight" rating in a research report on Monday. Raymond James restated a "strong-buy" rating and issued a $410.00 price target (down previously from $420.00) on shares of Everest Group in a report on Tuesday, May 6th. Finally, Wells Fargo & Company decreased their price target on shares of Everest Group from $362.00 to $361.00 and set an "equal weight" rating for the company in a research report on Tuesday, May 6th. Six investment 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 stock. Based on data from MarketBeat.com, Everest Group presently has an average rating of "Moderate Buy" and a consensus 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.