Schonfeld Strategic Advisors LLC Has $7.85 Million Stake in Everest Group, Ltd. (NYSE:EG)

Schonfeld Strategic Advisors LLC lifted its stake in Everest Group, Ltd. (NYSE:EG - Free Report) by 8.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,668 shares of the company's stock after purchasing an additional 1,724 shares during the period. Schonfeld Strategic Advisors LLC owned 0.05% of Everest Group worth $7,854,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in EG. SBI Securities Co. Ltd. bought a new stake in shares of Everest Group in the fourth quarter worth about $31,000. Optiver Holding B.V. bought a new position in Everest Group in the fourth quarter valued at approximately $51,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Everest Group in the third quarter valued at approximately $64,000. Private Trust Co. NA increased its position in shares of Everest Group by 48.5% during the fourth quarter. Private Trust Co. NA now owns 196 shares of the company's stock worth $71,000 after acquiring an additional 64 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of 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 period. 92.64% of the stock is owned by institutional investors and hedge funds.

Everest Group Stock Performance

Shares of Everest Group stock traded down $0.46 during trading on Monday, hitting $347.93. 402,842 shares of the stock were exchanged, compared to its average volume of 370,928. Everest Group, Ltd. has a 1-year low of $320.00 and a 1-year high of $407.30. The stock has a market capitalization of $16.63 billion, a price-to-earnings ratio of 11.08, a price-to-earnings-growth ratio of 0.24 and a beta of 0.58. The company has a fifty day moving average price of $353.32 and a 200-day moving average price of $359.20. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.26.

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 (EPS) for the quarter, missing analysts' consensus estimates of $7.46 by ($1.01). Everest Group had a net margin of 7.95% and a return on equity of 9.04%. The business had revenue of $4.26 billion during the quarter, compared to analyst estimates of $3.89 billion. During the same period in the previous year, the business earned $16.32 earnings per share. The business's quarterly revenue was up 3.1% on a year-over-year basis. As a group, equities analysts predict that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Everest Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 17th were paid a dividend of $2.00 per share. 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 dividend payout ratio is presently 41.15%.

Insider Buying and Selling

In other Everest Group news, Director Geraldine Losquadro sold 1,500 shares of the company's 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 transaction, the director now directly owns 12,279 shares of the company's stock, valued at $4,428,175.77. This represents a 10.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. UBS Group lowered 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. Evercore ISI dropped their target price on Everest Group from $400.00 to $396.00 and set an "in-line" rating on the stock in a research report on Thursday. Keefe, Bruyette & Woods reduced their price target on Everest Group from $434.00 to $402.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Barclays lowered their price objective on shares of Everest Group from $470.00 to $394.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Finally, Wells Fargo & Company reduced their target price on shares of Everest Group from $370.00 to $362.00 and set an "equal weight" rating for the company in a report on Thursday, April 10th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $396.00.

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.