Voya Investment Management LLC Buys 1,361 Shares of Everest Group, Ltd. (NYSE:EG)

Voya Investment Management LLC increased its position in Everest Group, Ltd. (NYSE:EG - Free Report) by 7.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,895 shares of the company's stock after buying an additional 1,361 shares during the quarter. Voya Investment Management LLC's holdings in Everest Group were worth $6,849,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. SBI Securities Co. Ltd. bought a new position in Everest Group in the fourth quarter worth approximately $31,000. Wilmington Savings Fund Society FSB purchased a new stake in Everest Group during the 3rd quarter valued at $64,000. Private Trust Co. NA boosted its holdings in 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 acquiring an additional 64 shares during the period. EverSource Wealth Advisors LLC increased its position 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. Finally, Avior Wealth Management LLC lifted its stake in Everest Group by 22.4% in the fourth quarter. Avior Wealth Management LLC now owns 257 shares of the company's stock worth $93,000 after acquiring an additional 47 shares during the period. 92.64% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Everest Group

In other Everest Group news, Director Geraldine Losquadro sold 1,500 shares of the company'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 sale, the director now directly owns 12,279 shares of the company's stock, valued at approximately $4,428,175.77. This represents a 10.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods dropped their price target on Everest Group from $434.00 to $402.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Evercore ISI lowered their target price on shares of Everest Group from $400.00 to $396.00 and set an "in-line" rating on the stock in a research note on Thursday. UBS Group cut their price target on Everest Group from $375.00 to $372.00 and set a "neutral" rating for the company in a research note on Wednesday, April 9th. Morgan Stanley reaffirmed an "equal weight" rating and set a $340.00 target price (down from $425.00) on shares of Everest Group in a research note on Wednesday, February 5th. Finally, Barclays dropped 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 note on Friday, April 11th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $396.00.

Everest Group Stock Performance

Shares of NYSE:EG traded up $10.78 during trading on Friday, reaching $348.16. 366,842 shares of the company's stock traded hands, compared to its average volume of 370,096. Everest Group, Ltd. has a 12 month low of $320.00 and a 12 month high of $407.30. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.40 and a quick ratio of 0.40. The stock has a market capitalization of $16.64 billion, a P/E ratio of 11.08, a price-to-earnings-growth ratio of 0.24 and a beta of 0.43. The company has a 50 day moving average of $353.32 and a 200-day moving average of $359.57.

Everest Group (NYSE:EG - Get Free Report) last released its earnings results 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). The company had revenue of $4.26 billion during the quarter, compared to analysts' expectations of $3.89 billion. Everest Group had a return on equity of 9.04% and a net margin of 7.95%. The firm's quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $16.32 EPS. On average, equities analysts expect that Everest Group, Ltd. will post 47.93 EPS for the current year.

Everest Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 17th were paid a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 2.30%. The ex-dividend date was Monday, March 17th. Everest Group's payout ratio is currently 25.47%.

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.