7,585 Shares in Everest Group, Ltd. (NYSE:EG) Purchased by Voleon Capital Management LP

Voleon Capital Management LP purchased a new stake in Everest Group, Ltd. (NYSE:EG - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 7,585 shares of the company's stock, valued at approximately $2,749,000.

Several other institutional investors and hedge funds have also modified their holdings of EG. SBI Securities Co. Ltd. bought a new position in Everest Group in the fourth quarter valued at about $31,000. Optiver Holding B.V. acquired a new stake in Everest Group during the 4th quarter worth approximately $51,000. Wilmington Savings Fund Society FSB bought a new stake in Everest Group during the 3rd quarter worth approximately $64,000. Private Trust Co. NA increased its position in Everest Group by 48.5% in the 4th quarter. Private Trust Co. NA now owns 196 shares of the company's stock valued at $71,000 after acquiring an additional 64 shares during the period. Finally, EverSource Wealth Advisors LLC raised its stake 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 valued at $76,000 after acquiring an additional 64 shares during the last quarter. 92.64% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

EG has been the topic of a number of recent analyst reports. BMO Capital Markets lowered Everest Group from an "outperform" rating to a "market perform" rating and cut their price objective for the stock from $453.00 to $375.00 in a research note on Thursday, January 30th. Wells Fargo & Company reduced their price objective on shares of Everest Group from $362.00 to $361.00 and set an "equal weight" rating on the stock in a research note on Tuesday. UBS Group lowered their target price on shares of Everest Group from $375.00 to $372.00 and set a "neutral" rating for the company in a research note on Wednesday, April 9th. Barclays cut 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, Jefferies Financial Group upgraded Everest Group from a "hold" rating to a "buy" rating and upped their target price for the company from $376.00 to $415.00 in a research report on Friday, April 11th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $395.90.

Insider Buying and Selling at Everest Group

In related news, Director Geraldine Losquadro sold 1,500 shares of the firm's stock in a transaction dated Tuesday, March 18th. The shares were 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 $4,428,175.77. This trade represents a 10.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.10% of the company's stock.

Everest Group Stock Up 0.5 %

NYSE:EG traded up $1.67 on Tuesday, hitting $349.03. The stock had a trading volume of 82,627 shares, compared to its average volume of 369,808. 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, Ltd. has a 52 week low of $320.00 and a 52 week high of $407.30. The business's fifty day moving average is $353.40 and its 200 day moving average is $358.95. The company has a market cap of $16.68 billion, a PE ratio of 11.11, a P/E/G ratio of 0.24 and a beta of 0.58.

Everest Group (NYSE:EG - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $6.45 earnings per share (EPS) 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 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 posted $16.32 EPS. The business's revenue for the quarter was up 3.1% compared to the same quarter last year. On average, equities research analysts expect that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Everest Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 17th were given a $2.00 dividend. The ex-dividend date was Monday, March 17th. This represents a $8.00 annualized dividend and a yield of 2.29%. Everest Group's payout ratio is 41.15%.

About Everest Group

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.