Everest Group, Ltd. (NYSE:EG) Stake Boosted by Xponance Inc.

Xponance Inc. raised its position in shares of Everest Group, Ltd. (NYSE:EG) by 3.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 7,129 shares of the company’s stock after buying an additional 216 shares during the period. Xponance Inc.’s holdings in Everest Group were worth $2,584,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new stake in shares of Everest Group during the fourth quarter valued at approximately $31,000. Brooklyn Investment Group acquired a new stake in Everest Group during the 3rd quarter valued at $39,000. Private Trust Co. NA lifted its holdings in shares of Everest Group by 51.7% in the third quarter. Private Trust Co. NA now owns 132 shares of the company’s stock valued at $52,000 after purchasing an additional 45 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Everest Group in the third quarter worth $64,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Everest Group by 43.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 211 shares of the company’s stock worth $76,000 after buying an additional 64 shares during the period. 92.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Everest Group 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 owns 12,279 shares of the company’s stock, valued at $4,428,175.77. This trade represents a 10.89 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.20% of the stock is owned by insiders.

Everest Group Stock Performance

EG stock opened at $353.19 on Friday. The firm has a 50 day moving average of $350.90 and a two-hundred day moving average of $367.45. Everest Group, Ltd. has a 12 month low of $327.37 and a 12 month high of $407.30. The company has a market capitalization of $15.16 billion, a price-to-earnings ratio of 11.24, a P/E/G ratio of 0.24 and a beta of 0.61. 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 (NYSE:EG) last issued its quarterly earnings data 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%. As a group, equities analysts anticipate that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Everest Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 17th will be issued a $2.00 dividend. The ex-dividend date is Monday, March 17th. This represents a $8.00 annualized dividend and a yield of 2.27%. Everest Group’s dividend payout ratio (DPR) is currently 25.47%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on EG. Wells Fargo & Company reduced their price objective 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. Jefferies Financial Group lowered shares of Everest Group from a “buy” rating to a “hold” rating and increased their price target for the stock from $420.00 to $429.00 in a research report on Tuesday, November 26th. BMO Capital Markets downgraded 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 increased their target price 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. Finally, Barclays boosted their price target on shares of Everest Group from $461.00 to $470.00 and gave the company an “overweight” rating in a report on Tuesday, February 4th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $416.50.

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.