Everest Group, Ltd. (NYSE:EG) Shares Bought by Norinchukin Bank The

Norinchukin Bank The increased its stake in Everest Group, Ltd. (NYSE:EG) by 8.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,927 shares of the company’s stock after acquiring an additional 149 shares during the period. Norinchukin Bank The’s holdings in Everest Group were worth $698,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Everest Group in the 4th quarter valued at about $488,588,000. Sterling Capital Management LLC lifted its position in Everest Group by 11,756.0% during the fourth quarter. Sterling Capital Management LLC now owns 278,616 shares of the company’s stock valued at $100,987,000 after buying an additional 276,266 shares in the last quarter. Donald Smith & CO. Inc. purchased a new stake in Everest Group during the fourth quarter worth approximately $56,341,000. Raymond James Financial Inc. acquired a new stake in shares of Everest Group in the fourth quarter worth $48,290,000. Finally, Invesco Ltd. raised its stake in shares of Everest Group by 17.2% in the 4th quarter. Invesco Ltd. now owns 855,120 shares of the company’s stock valued at $309,947,000 after acquiring an additional 125,271 shares during the period. 92.64% of the stock is currently owned by hedge funds and other institutional investors.

Everest Group Stock Performance

Everest Group stock opened at $357.12 on Wednesday. Everest Group, Ltd. has a 52 week low of $320.00 and a 52 week high of $407.30. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.26. The stock has a market cap of $17.06 billion, a P/E ratio of 11.37, a price-to-earnings-growth ratio of 0.24 and a beta of 0.43. The stock has a 50 day moving average of $350.84 and a 200-day moving average of $361.27.

Everest Group (NYSE:EG) last posted its quarterly earnings data on Monday, February 3rd. The company reported ($18.39) 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%. On average, analysts expect that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Everest Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 17th were paid a $2.00 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $8.00 dividend on an annualized basis and a yield of 2.24%. Everest Group’s dividend payout ratio (DPR) is 25.47%.

Insider Activity at Everest Group

In other Everest Group news, Director Geraldine Losquadro sold 1,500 shares of the stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $360.63, for a total transaction of $540,945.00. Following the sale, the director now directly owns 12,279 shares of the company’s stock, valued at approximately $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 available at the SEC website. 1.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Wells Fargo & Company decreased their price target on shares of Everest Group from $370.00 to $362.00 and set an “equal weight” rating for the company in a research report on Thursday, April 10th. Jefferies Financial Group upgraded Everest Group from a “hold” rating to a “buy” rating and increased their target price for the company from $376.00 to $415.00 in a research note on Friday, April 11th. Barclays reduced their price target on Everest Group from $470.00 to $394.00 and set an “overweight” rating on the stock in a research report on Friday, April 11th. 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. Finally, Morgan Stanley reissued an “equal weight” rating and set a $340.00 target price (down from $425.00) on shares of Everest Group in a research report on Wednesday, February 5th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $396.00.

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.