Vulcan Value Partners LLC Has $354.77 Million Stake in Everest Group, Ltd. (NYSE:EG)

Vulcan Value Partners LLC increased its holdings in Everest Group, Ltd. (NYSE:EG - Free Report) by 279.1% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 978,713 shares of the company's stock after buying an additional 720,572 shares during the quarter. Everest Group comprises approximately 5.9% of Vulcan Value Partners LLC's portfolio, making the stock its 6th biggest position. Vulcan Value Partners LLC owned about 2.28% of Everest Group worth $354,768,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Janney Montgomery Scott LLC lifted its stake in Everest Group by 152.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 22,693 shares of the company's stock valued at $8,225,000 after acquiring an additional 13,687 shares during the period. JPMorgan Chase & Co. increased its position in shares of Everest Group by 19.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 78,469 shares of the company's stock valued at $30,747,000 after purchasing an additional 12,791 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Everest Group by 5.5% during the 3rd quarter. Principal Financial Group Inc. now owns 53,892 shares of the company's stock valued at $21,117,000 after purchasing an additional 2,818 shares during the last quarter. Commonwealth Equity Services LLC increased its position in shares of Everest Group by 25.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 12,055 shares of the company's stock valued at $4,369,000 after purchasing an additional 2,438 shares during the last quarter. Finally, Brandywine Global Investment Management LLC increased its position in shares of Everest Group by 108.5% during the 4th quarter. Brandywine Global Investment Management LLC now owns 12,423 shares of the company's stock valued at $4,503,000 after purchasing an additional 6,466 shares during the last quarter. Hedge funds and other institutional investors own 92.64% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on EG shares. UBS Group reduced their price target on shares of Everest Group from $375.00 to $372.00 and set a "neutral" rating for the company in a research report on Wednesday, April 9th. Morgan Stanley reissued an "equal weight" rating and issued a $340.00 target price (down from $425.00) on shares of Everest Group in a report on Wednesday, February 5th. Barclays reduced their target price on shares of Everest Group from $470.00 to $394.00 and set an "overweight" rating for the company in a report on Friday, April 11th. BMO Capital Markets lowered shares of Everest Group from an "outperform" rating to a "market perform" rating and reduced their target price for the stock from $453.00 to $375.00 in a report on Thursday, January 30th. Finally, Evercore ISI reduced their target price on shares of Everest Group from $400.00 to $396.00 and set an "in-line" rating for the company in a report on Thursday. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $396.00.

Insider Buying and Selling

In related news, Director Geraldine Losquadro sold 1,500 shares of the firm'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 completion of the sale, the director now directly owns 12,279 shares in the company, valued at $4,428,175.77. This trade represents a 10.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is owned by corporate insiders.

Everest Group Price Performance

Shares of NYSE EG traded down $19.15 during midday trading on Thursday, reaching $339.69. 283,778 shares of the stock traded hands, compared to its average volume of 417,554. 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 $16.23 billion, a PE ratio of 10.82, a P/E/G ratio of 0.24 and a beta of 0.43. Everest Group, Ltd. has a one year low of $320.00 and a one year high of $407.30. The company's 50 day moving average is $353.29 and its 200 day moving average is $360.27.

Everest Group (NYSE:EG - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $6.45 EPS for the quarter, missing analysts' consensus estimates of $7.46 by ($1.01). The firm had revenue of $4.26 billion for the quarter, compared to the consensus estimate of $3.89 billion. Everest Group had a net margin of 7.95% and a return on equity of 9.04%. The firm's revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $16.32 earnings per share. On average, equities research analysts anticipate that Everest Group, Ltd. will post 47.93 earnings per share for the current year.

Everest Group Dividend Announcement

The business 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 dividend on an annualized basis and a yield of 2.36%. Everest Group's dividend payout ratio is presently 25.47%.

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.