UniSuper Management Pty Ltd Raises Holdings in Everest Group, Ltd. (NYSE:EG)

UniSuper Management Pty Ltd increased its position in Everest Group, Ltd. (NYSE:EG) by 29.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 6,062 shares of the company’s stock after purchasing an additional 1,379 shares during the period. UniSuper Management Pty Ltd’s holdings in Everest Group were worth $2,197,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Dakota Wealth Management lifted its stake in Everest Group by 1.7% in the fourth quarter. Dakota Wealth Management now owns 1,945 shares of the company’s stock valued at $705,000 after buying an additional 32 shares during the last quarter. Wilmington Savings Fund Society FSB raised its position in Everest Group by 19.6% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 195 shares of the company’s stock valued at $71,000 after purchasing an additional 32 shares during the last quarter. Steph & Co. boosted its stake in Everest Group by 10.6% during the 4th quarter. Steph & Co. now owns 366 shares of the company’s stock worth $133,000 after purchasing an additional 35 shares during the period. Lester Murray Antman dba SimplyRich grew its position in Everest Group by 2.7% during the 4th quarter. Lester Murray Antman dba SimplyRich now owns 1,328 shares of the company’s stock worth $481,000 after purchasing an additional 35 shares during the last quarter. Finally, Foundations Investment Advisors LLC increased its stake in Everest Group by 5.9% in the fourth quarter. Foundations Investment Advisors LLC now owns 661 shares of the company’s stock valued at $239,000 after purchasing an additional 37 shares during the period. 92.64% of the stock is owned by institutional investors and hedge funds.

Everest Group Stock Performance

NYSE:EG opened at $361.50 on Monday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.26. Everest Group, Ltd. has a fifty-two week low of $327.37 and a fifty-two week high of $407.30. The firm’s fifty day simple moving average is $351.43 and its 200-day simple moving average is $366.38. The stock has a market cap of $15.52 billion, a PE ratio of 11.51, a price-to-earnings-growth ratio of 0.24 and a beta of 0.61.

Everest Group (NYSE:EG) last issued 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 net margin of 7.95% and a return on equity of 9.04%. Analysts expect that Everest Group, Ltd. will post 47.93 earnings per share for the current fiscal year.

Everest Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 17th were given a dividend of $2.00 per share. The ex-dividend date was Monday, March 17th. This represents a $8.00 dividend on an annualized basis and a yield of 2.21%. Everest Group’s payout ratio is 25.47%.

Insider Buying and Selling at Everest Group

In other Everest Group news, Director Geraldine Losquadro sold 1,500 shares of the company’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 sale, the director now owns 12,279 shares of the company’s stock, valued at $4,428,175.77. This represents a 10.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Barclays increased their target price on shares of Everest Group from $461.00 to $470.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 4th. Keefe, Bruyette & Woods lifted their target price on Everest Group from $420.00 to $434.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. Wells Fargo & Company cut their price target on Everest Group from $390.00 to $380.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. BMO Capital Markets lowered 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. Finally, Morgan Stanley restated an “equal weight” rating and set a $340.00 price objective (down previously from $425.00) on shares of Everest Group in a research report on Wednesday, February 5th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $416.50.

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.