Everest Group, Ltd. (NYSE:EG) Shares Bought by Natixis Advisors LLC

Natixis Advisors LLC lifted its stake in shares of Everest Group, Ltd. (NYSE:EG) by 12.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 29,566 shares of the company’s stock after buying an additional 3,156 shares during the quarter. Natixis Advisors LLC owned approximately 0.07% of Everest Group worth $10,716,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in EG. World Investment Advisors LLC purchased a new position in Everest Group in the third quarter worth approximately $120,564,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Everest Group by 442.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 308,155 shares of the company’s stock worth $120,744,000 after purchasing an additional 251,337 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Everest Group during the fourth quarter worth $48,290,000. Truist Financial Corp increased its holdings in Everest Group by 7,580.7% in the fourth quarter. Truist Financial Corp now owns 92,936 shares of the company’s stock valued at $33,686,000 after buying an additional 91,726 shares during the last quarter. Finally, FMR LLC raised its stake in Everest Group by 21.5% in the third quarter. FMR LLC now owns 410,861 shares of the company’s stock valued at $160,988,000 after buying an additional 72,822 shares in the last quarter. 92.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other 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 transaction of $540,945.00. Following the transaction, the director now directly owns 12,279 shares in the company, valued at $4,428,175.77. The trade was a 10.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.20% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. BMO Capital Markets cut Everest Group from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $453.00 to $375.00 in a research report on Thursday, January 30th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $340.00 price target (down from $425.00) on shares of Everest Group in a report on Wednesday, February 5th. Keefe, Bruyette & Woods raised their price objective on shares of Everest Group from $420.00 to $434.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. Barclays boosted their price objective on shares of Everest Group from $461.00 to $470.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 4th. Finally, Jefferies Financial Group downgraded shares of Everest Group from a “buy” rating to a “hold” rating and increased their target price for the company from $420.00 to $429.00 in a research report on Tuesday, November 26th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Everest Group has an average rating of “Hold” and a consensus price target of $416.50.

Everest Group Trading Down 0.8 %

Shares of Everest Group stock opened at $356.63 on Thursday. The company’s fifty day moving average is $351.18 and its two-hundred day moving average is $367.81. Everest Group, Ltd. has a 1 year low of $327.37 and a 1 year high of $407.30. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.40 and a current ratio of 0.40. The company has a market capitalization of $15.31 billion, a P/E ratio of 11.35, a PEG ratio of 0.24 and a beta of 0.61.

Everest Group (NYSE:EG) last released its quarterly earnings results on Monday, February 3rd. The company reported ($18.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $11.64 by ($30.03). Everest Group had a return on equity of 9.04% and a net margin of 7.95%. Analysts forecast that Everest Group, Ltd. will post 47.93 earnings per share for the current year.

Everest Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 17th will be paid a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a dividend yield of 2.24%. The ex-dividend date of this dividend is Monday, March 17th. Everest Group’s dividend payout ratio (DPR) is presently 25.47%.

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.