Quantbot Technologies LP Acquires 9,124 Shares of Everest Group, Ltd. (NYSE:EG)

Quantbot Technologies LP lifted its holdings in Everest Group, Ltd. (NYSE:EG) by 268.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 12,520 shares of the company’s stock after buying an additional 9,124 shares during the period. Quantbot Technologies LP’s holdings in Everest Group were worth $4,538,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in EG. World Investment Advisors LLC bought a new position in Everest Group during the 3rd quarter valued at about $120,564,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in 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 valued at $120,744,000 after purchasing an additional 251,337 shares during the last quarter. Raymond James Financial Inc. bought a new position in Everest Group during the 4th quarter valued at about $48,290,000. Truist Financial Corp grew its holdings in Everest Group by 7,580.7% during the 4th quarter. Truist Financial Corp now owns 92,936 shares of the company’s stock valued at $33,686,000 after purchasing an additional 91,726 shares during the last quarter. Finally, FMR LLC grew its holdings in Everest Group by 21.5% during the 3rd quarter. FMR LLC now owns 410,861 shares of the company’s stock valued at $160,988,000 after purchasing an additional 72,822 shares during the last quarter. 92.64% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Everest Group

In other news, Director Geraldine Losquadro sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $360.63, for a total value of $540,945.00. Following the transaction, the director now directly owns 12,279 shares of the company’s stock, valued at approximately $4,428,175.77. This trade represents a 10.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on EG shares. Wells Fargo & Company lowered their price objective on shares of Everest Group from $390.00 to $380.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. BMO Capital Markets cut shares of Everest Group from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $453.00 to $375.00 in a research report on Thursday, January 30th. Keefe, Bruyette & Woods upped their price target on shares of Everest Group from $420.00 to $434.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. Jefferies Financial Group cut shares of Everest Group from a “buy” rating to a “hold” rating and upped their price target for the stock from $420.00 to $429.00 in a research report on Tuesday, November 26th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $340.00 price objective (down previously from $425.00) on shares of Everest Group in a research note on Wednesday, February 5th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Everest Group presently has an average rating of “Hold” and a consensus target price of $416.50.

Everest Group Stock Down 0.5 %

NYSE:EG opened at $353.19 on Friday. The firm has a market capitalization of $15.16 billion, a P/E ratio of 11.24, a PEG ratio of 0.24 and a beta of 0.61. Everest Group, Ltd. has a 1-year low of $327.37 and a 1-year high of $407.30. The company’s fifty day moving average price is $350.90 and its 200-day moving average price is $367.45. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.40 and a quick ratio of 0.40.

Everest Group (NYSE:EG) last released its quarterly earnings data on Monday, February 3rd. The company reported ($18.39) earnings per share 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%. As a group, equities research analysts anticipate that Everest Group, Ltd. will post 47.93 EPS for the current year.

Everest Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 17th will be issued a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend is Monday, March 17th. Everest Group’s payout ratio is 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.