Everest Group, Ltd. (NYSE:EG) Shares Purchased by National Bank of Canada FI

National Bank of Canada FI raised its position in Everest Group, Ltd. (NYSE:EG) by 1,275.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,204 shares of the company’s stock after purchasing an additional 19,662 shares during the quarter. National Bank of Canada FI’s holdings in Everest Group were worth $7,686,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in EG. SBI Securities Co. Ltd. acquired a new stake in shares of Everest Group during the fourth quarter valued at about $31,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Everest Group during the third quarter worth $64,000. Private Trust Co. NA raised its stake in Everest Group by 48.5% in the fourth quarter. Private Trust Co. NA now owns 196 shares of the company’s stock valued at $71,000 after buying an additional 64 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Everest Group by 43.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 211 shares of the company’s stock valued at $76,000 after buying an additional 64 shares in the last quarter. Finally, Avior Wealth Management LLC lifted its holdings in Everest Group by 22.4% during the 4th quarter. Avior Wealth Management LLC now owns 257 shares of the company’s stock worth $93,000 after buying an additional 47 shares during the last quarter. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Insider Transactions at Everest Group

In other news, Director Geraldine Losquadro sold 1,500 shares of the business’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $360.63, for a total transaction of $540,945.00. Following the completion of the sale, the director now directly owns 12,279 shares of the company’s stock, valued at $4,428,175.77. The trade was a 10.89 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

EG has been the topic of several research reports. BMO Capital Markets lowered Everest Group from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $453.00 to $375.00 in a report on Thursday, January 30th. Morgan Stanley reissued an “equal weight” rating and set a $340.00 price target (down from $425.00) on shares of Everest Group in a report on Wednesday, February 5th. Barclays boosted their target price 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. Wells Fargo & Company lowered their price target on Everest Group from $390.00 to $380.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Finally, 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 research note on Friday, January 10th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Everest Group presently has an average rating of “Hold” and an average price target of $416.50.

Everest Group Price Performance

Everest Group stock opened at $337.09 on Friday. The stock has a market capitalization of $14.47 billion, a P/E ratio of 10.73, a P/E/G ratio of 0.24 and a beta of 0.43. Everest Group, Ltd. has a 12-month low of $327.37 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 firm’s 50-day moving average is $350.91 and its two-hundred day moving average is $365.60.

Everest Group (NYSE:EG) last announced its 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%. Equities analysts predict that Everest Group, Ltd. will post 47.93 earnings per share for the current year.

Everest Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 17th were paid a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend was Monday, March 17th. Everest Group’s dividend 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.