American Century Companies Inc. Decreases Stock Position in Everest Group, Ltd. (NYSE:EG)

American Century Companies Inc. lowered its position in shares of Everest Group, Ltd. (NYSE:EG) by 8.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 104,992 shares of the company’s stock after selling 9,086 shares during the period. American Century Companies Inc. owned approximately 0.24% of Everest Group worth $38,055,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in EG. World Investment Advisors LLC purchased a new position in Everest Group in the 3rd quarter valued at about $120,564,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Everest Group by 442.4% in the third 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 acquiring an additional 251,337 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Everest Group during the 4th quarter valued at approximately $48,290,000. Truist Financial Corp increased 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 worth $33,686,000 after purchasing an additional 91,726 shares during the last quarter. Finally, FMR LLC raised its position in shares of Everest Group by 21.5% in 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 in the last quarter. 92.64% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Geraldine Losquadro sold 1,500 shares of the firm’s stock in a transaction that occurred 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 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Wells Fargo & Company decreased their price target 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. Morgan Stanley restated an “equal weight” rating and issued a $340.00 target price (down previously from $425.00) on shares of Everest Group in a research note on Wednesday, February 5th. Barclays boosted their price objective on Everest Group from $461.00 to $470.00 and gave the company an “overweight” rating in a report on Tuesday, February 4th. BMO Capital Markets downgraded 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, Keefe, Bruyette & Woods boosted their price target on Everest Group from $420.00 to $434.00 and gave the company an “outperform” rating in a report on Friday, January 10th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $416.50.

Everest Group Trading Up 0.5 %

NYSE:EG opened at $368.16 on Friday. 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 business has a 50 day simple moving average of $351.46 and a 200 day simple moving average of $366.73. The firm has a market capitalization of $15.81 billion, a P/E ratio of 11.72, a P/E/G ratio of 0.24 and a beta of 0.61.

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

Everest Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 17th will be paid a $2.00 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $8.00 annualized dividend and a dividend yield of 2.17%. Everest Group’s payout ratio is currently 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.