Everest Group, Ltd. (NYSE:EG) Shares Bought by Systematic Financial Management LP

Systematic Financial Management LP grew its stake in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 3.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 107,319 shares of the company's stock after acquiring an additional 3,084 shares during the quarter. Everest Group comprises about 1.0% of Systematic Financial Management LP's portfolio, making the stock its 24th biggest holding. Systematic Financial Management LP owned approximately 0.25% of Everest Group worth $38,899,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Shay Capital LLC acquired a new position in Everest Group in the 4th quarter worth about $1,631,000. Royal Bank of Canada increased its stake in Everest Group by 26.4% in the fourth quarter. Royal Bank of Canada now owns 110,183 shares of the company's stock valued at $39,937,000 after purchasing an additional 22,989 shares in the last quarter. Rafferty Asset Management LLC increased its position in Everest Group by 3.4% in the 4th quarter. Rafferty Asset Management LLC now owns 15,174 shares of the company's stock valued at $5,500,000 after buying an additional 503 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in Everest Group during the 4th quarter worth approximately $910,000. Finally, Point72 Asset Management L.P. acquired a new position in shares of Everest Group during the fourth quarter worth approximately $55,352,000. 92.64% of the stock is currently owned by institutional investors and hedge funds.

Everest Group Stock Performance

NYSE EG traded down $2.95 on Thursday, reaching $337.58. 148,721 shares of the stock were exchanged, compared to its average volume of 381,640. The company's 50-day simple moving average is $350.95 and its two-hundred day simple moving average is $356.61. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $14.36 billion, a PE ratio of 10.75, a PEG ratio of 0.24 and a beta of 0.58. Everest Group, Ltd. has a one year low of $320.00 and a one year high of $407.30.

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 net margin of 7.95% and a return on equity of 9.04%. The company had revenue of $4.26 billion for the quarter, compared to analysts' expectations of $3.89 billion. During the same period in the previous year, the business posted $16.32 earnings per share. The business's revenue was up 3.1% on a year-over-year basis. Analysts expect that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Everest Group Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Wednesday, May 28th. This represents a $8.00 dividend on an annualized basis and a yield of 2.37%. Everest Group's payout ratio is 41.15%.

Insider Activity 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 transaction, the director now directly owns 12,279 shares in the company, valued at approximately $4,428,175.77. The trade was a 10.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on EG shares. Keefe, Bruyette & Woods lowered 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. Jefferies Financial Group upgraded shares of Everest Group from a "hold" rating to a "buy" rating and boosted their target price for the company from $376.00 to $415.00 in a research note on Friday, April 11th. Raymond James reissued a "strong-buy" rating and issued a $410.00 target price (down from $420.00) on shares of Everest Group in a research report on Tuesday, May 6th. Barclays lowered their price target on shares of Everest Group from $470.00 to $394.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Finally, Morgan Stanley increased their price objective on Everest Group from $330.00 to $350.00 and gave the stock an "equal weight" rating in a report on Monday. 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 company. According to MarketBeat, Everest Group has a consensus rating of "Moderate Buy" and a consensus target price 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.