Russell Investments Group Ltd. Acquires 9,915 Shares of Everest Group, Ltd. (NYSE:EG)

Russell Investments Group Ltd. grew its holdings in Everest Group, Ltd. (NYSE:EG) by 33.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,636 shares of the company’s stock after purchasing an additional 9,915 shares during the period. Russell Investments Group Ltd. owned about 0.09% of Everest Group worth $14,363,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Janney Montgomery Scott LLC lifted its position in Everest Group by 152.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 22,693 shares of the company’s stock valued at $8,225,000 after purchasing an additional 13,687 shares during the period. JPMorgan Chase & Co. raised its stake in 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 buying an additional 12,791 shares during the last quarter. Principal Financial Group Inc. lifted its holdings 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 buying an additional 2,818 shares during the period. Stifel Financial Corp boosted its stake in shares of Everest Group by 3.9% in the 3rd quarter. Stifel Financial Corp now owns 4,347 shares of the company’s stock worth $1,704,000 after buying an additional 162 shares during the last quarter. Finally, Atria Wealth Solutions Inc. bought a new stake in shares of Everest Group in the fourth quarter worth $325,000. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Insider Activity at Everest Group

In other Everest Group 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 value of $540,945.00. Following the sale, the director now owns 12,279 shares in the company, valued at $4,428,175.77. The trade was a 10.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.20% of the stock is owned by corporate insiders.

Everest Group Price Performance

Shares of NYSE:EG opened at $341.21 on Friday. The firm’s 50 day simple moving average is $348.66 and its two-hundred day simple moving average is $363.70. 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 company has a market capitalization of $16.30 billion, a P/E ratio of 10.86, a P/E/G ratio of 0.24 and a beta of 0.43. Everest Group, Ltd. has a 1-year low of $320.00 and a 1-year high of $407.30.

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

Everest Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 17th were given a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend was Monday, March 17th. Everest Group’s dividend payout ratio is currently 25.47%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on EG shares. UBS Group lowered their target price on Everest Group from $375.00 to $372.00 and set a “neutral” rating on the stock in a report on Wednesday. Morgan Stanley reiterated an “equal weight” rating and issued a $340.00 price objective (down previously from $425.00) on shares of Everest Group in a research note on Wednesday, February 5th. Keefe, Bruyette & Woods cut their target price on shares of Everest Group from $434.00 to $402.00 and set an “outperform” rating for the company in a research report on Wednesday. Wells Fargo & Company decreased their price target on shares of Everest Group from $370.00 to $362.00 and set an “equal weight” rating on the stock in a research report on Thursday. Finally, BMO Capital Markets cut shares of Everest Group from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $453.00 to $375.00 in a research note on Thursday, January 30th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Everest Group currently has a consensus rating of “Hold” and a consensus target price of $406.00.

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.