Systematic Financial Management LP Has $38.90 Million Stake in Everest Group, Ltd. (NYSE:EG)

Systematic Financial Management LP boosted its stake in Everest Group, Ltd. (NYSE:EG - Free Report) by 3.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 107,319 shares of the company's stock after purchasing an additional 3,084 shares during the quarter. Everest Group comprises about 1.0% of Systematic Financial Management LP's investment portfolio, making the stock its 24th largest holding. Systematic Financial Management LP owned about 0.25% of Everest Group worth $38,899,000 as of its most recent filing with the Securities and Exchange Commission.

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

Everest Group Stock Down 0.1%

Shares of NYSE:EG traded down $0.22 during midday trading on Tuesday, reaching $347.35. The company had a trading volume of 536,505 shares, compared to its average volume of 381,757. Everest Group, Ltd. has a 1-year low of $320.00 and a 1-year high of $407.30. The stock has a market cap of $14.77 billion, a PE ratio of 11.06, a P/E/G 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's 50 day moving average price is $351.33 and its 200 day moving average price is $356.72.

Everest Group (NYSE:EG - Get Free Report) last announced 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 return on equity of 9.04% and a net margin of 7.95%. The company 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 company earned $16.32 EPS. The company's revenue for the quarter was up 3.1% on a year-over-year basis. Research analysts forecast that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Everest Group Dividend Announcement

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

Insider Activity

In related news, Director Geraldine Losquadro sold 1,500 shares of the business's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $360.63, for a total transaction of $540,945.00. Following the transaction, the director now directly owns 12,279 shares of the company's stock, valued at approximately $4,428,175.77. The trade was a 10.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

Several brokerages have commented on EG. BMO Capital Markets downgraded shares of 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 report on Thursday, January 30th. Keefe, Bruyette & Woods cut their price objective on shares of Everest Group from $434.00 to $402.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Raymond James reaffirmed a "strong-buy" rating and issued a $410.00 target price (down from $420.00) on shares of Everest Group in a research note on Tuesday, May 6th. Wells Fargo & Company lowered their target price on Everest Group from $362.00 to $361.00 and set an "equal weight" rating for the company in a report on Tuesday, May 6th. Finally, Evercore ISI cut their price target on Everest Group from $400.00 to $396.00 and set an "in-line" rating on the stock in a report on Thursday, May 1st. Six research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $398.09.

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.