Tower Research Capital LLC TRC Purchases 650 Shares of Everest Group, Ltd. (NYSE:EG)

Tower Research Capital LLC TRC grew its position in Everest Group, Ltd. (NYSE:EG) by 26.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 3,145 shares of the company’s stock after purchasing an additional 650 shares during the period. Tower Research Capital LLC TRC’s holdings in Everest Group were worth $1,140,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Dakota Wealth Management increased its holdings in shares of 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 purchasing an additional 32 shares during the period. Wilmington Savings Fund Society FSB increased its position in shares of Everest Group by 19.6% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 195 shares of the company’s stock valued at $71,000 after buying an additional 32 shares in the last quarter. Steph & Co. lifted its stake in Everest Group by 10.6% in the 4th quarter. Steph & Co. now owns 366 shares of the company’s stock valued at $133,000 after buying an additional 35 shares in the last quarter. Lester Murray Antman dba SimplyRich boosted its stake 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 boosted its holdings in shares of Everest Group by 5.9% during the 4th quarter. Foundations Investment Advisors LLC now owns 661 shares of the company’s stock worth $239,000 after purchasing an additional 37 shares during the last quarter. 92.64% of the stock is 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 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 completion of 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on EG. Barclays decreased their target price on shares of Everest Group from $470.00 to $394.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. Morgan Stanley reiterated an “equal weight” rating and set a $340.00 target price (down from $425.00) on shares of Everest Group in a report on Wednesday, February 5th. BMO Capital Markets cut Everest Group from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $453.00 to $375.00 in a research note on Thursday, January 30th. UBS Group dropped their target price on Everest Group from $375.00 to $372.00 and set a “neutral” rating on the stock in a report on Wednesday, April 9th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Everest Group from $434.00 to $402.00 and set an “outperform” rating for the company in a report on Wednesday, April 9th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $396.00.

Everest Group Stock Down 0.3 %

EG opened at $355.25 on Friday. Everest Group, Ltd. has a 52 week low of $320.00 and a 52 week high of $407.30. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.26. The business has a 50 day moving average price of $351.75 and a two-hundred day moving average price of $361.12. The company has a market cap of $16.98 billion, a PE ratio of 11.31, a P/E/G ratio of 0.24 and a beta of 0.43.

Everest Group (NYSE:EG) last released its earnings results on Monday, February 3rd. The company reported ($18.39) EPS for the quarter, missing the consensus estimate 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, research analysts anticipate that Everest Group, Ltd. will post 47.93 EPS for the current year.

Everest Group Dividend Announcement

The firm 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 was Monday, March 17th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.25%. Everest Group’s dividend payout ratio (DPR) is presently 25.47%.

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.