Polar Capital Holdings Plc Has $133.66 Million Stake in Everest Group, Ltd. (NYSE:EG)

Polar Capital Holdings Plc grew its holdings in Everest Group, Ltd. (NYSE:EG - Free Report) by 2.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 368,750 shares of the company's stock after purchasing an additional 8,750 shares during the quarter. Polar Capital Holdings Plc owned approximately 0.86% of Everest Group worth $133,657,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Dakota Wealth Management boosted its holdings in shares of Everest Group by 1.7% in the 4th quarter. Dakota Wealth Management now owns 1,945 shares of the company's stock valued at $705,000 after purchasing an additional 32 shares during the last quarter. Wilmington Savings Fund Society FSB lifted its holdings in Everest Group by 19.6% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 195 shares of the company's stock worth $71,000 after buying an additional 32 shares in the last quarter. Steph & Co. increased its position in shares of Everest Group by 10.6% in the 4th quarter. Steph & Co. now owns 366 shares of the company's stock worth $133,000 after purchasing an additional 35 shares during the last quarter. Lester Murray Antman dba SimplyRich increased its position 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 worth $481,000 after purchasing an additional 35 shares during the last quarter. Finally, Nissay Asset Management Corp Japan ADV increased its holdings in shares of Everest Group by 0.7% in the 4th 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 last quarter. Institutional investors and hedge funds own 92.64% of the company's stock.

Everest Group Trading Up 0.0%

NYSE EG traded up $0.05 during trading hours on Tuesday, hitting $347.62. The company's stock had a trading volume of 302,025 shares, compared to its average volume of 380,246. The stock has a fifty day moving average of $351.37 and a 200 day moving average of $356.78. Everest Group, Ltd. has a twelve month low of $320.00 and a twelve month high of $407.30. The firm has a market capitalization of $14.79 billion, a P/E ratio of 11.07, a PEG 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.

Everest Group (NYSE:EG - Get Free Report) last posted its earnings results 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 return on equity of 9.04% and a net margin of 7.95%. The business had revenue of $4.26 billion for the quarter, compared to the consensus estimate of $3.89 billion. During the same quarter in the prior year, the firm posted $16.32 earnings per share. The business's revenue was up 3.1% on a year-over-year basis. Equities research analysts forecast that Everest Group, Ltd. will post 47.93 earnings per share for the current fiscal year.

Everest Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Wednesday, May 28th will be paid a dividend of $2.00 per share. The ex-dividend date is Wednesday, May 28th. This represents a $8.00 annualized dividend and a dividend yield of 2.30%. Everest Group's dividend payout ratio is presently 41.15%.

Insider Transactions at Everest Group

In other Everest Group news, Director Geraldine Losquadro sold 1,500 shares of the business'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 completion of the sale, the director now owns 12,279 shares of the company's stock, valued at $4,428,175.77. The trade was a 10.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. BMO Capital Markets downgraded shares of Everest Group from an "outperform" rating to a "market perform" rating and lowered their price objective for the company from $453.00 to $375.00 in a research report on Thursday, January 30th. Wells Fargo & Company decreased their price objective on shares of Everest Group from $362.00 to $361.00 and set an "equal weight" rating for the company in a report on Tuesday, May 6th. Morgan Stanley raised their target price on shares of Everest Group from $330.00 to $350.00 and gave the stock an "equal weight" rating in a report on Monday. UBS Group reduced their target price on Everest Group from $375.00 to $372.00 and set a "neutral" rating for the company in a report on Wednesday, April 9th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Everest Group from $434.00 to $402.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Six analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus 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.