13,619 Shares in Everest Group, Ltd. (NYSE:EG) Purchased by Numerai GP LLC

Numerai GP LLC acquired a new position in Everest Group, Ltd. (NYSE:EG) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 13,619 shares of the company’s stock, valued at approximately $4,936,000. Everest Group accounts for approximately 1.4% of Numerai GP LLC’s portfolio, making the stock its 3rd largest holding.

Other large investors have also modified their holdings of the company. Janney Montgomery Scott LLC increased its stake in Everest Group by 152.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 22,693 shares of the company’s stock valued at $8,225,000 after buying an additional 13,687 shares during the period. Principal Financial Group Inc. increased its stake in Everest Group by 5.5% during the 3rd quarter. Principal Financial Group Inc. now owns 53,892 shares of the company’s stock valued at $21,117,000 after buying an additional 2,818 shares during the period. JPMorgan Chase & Co. increased its stake in Everest Group by 39.9% during the 4th quarter. JPMorgan Chase & Co. now owns 109,775 shares of the company’s stock valued at $39,789,000 after buying an additional 31,306 shares during the period. Commonwealth Equity Services LLC increased its stake in Everest Group by 25.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 12,055 shares of the company’s stock valued at $4,369,000 after buying an additional 2,438 shares during the period. Finally, Brandywine Global Investment Management LLC increased its stake in Everest Group by 108.5% during the 4th quarter. Brandywine Global Investment Management LLC now owns 12,423 shares of the company’s stock valued at $4,503,000 after buying an additional 6,466 shares during the period. Institutional investors and hedge funds own 92.64% of the company’s stock.

Everest Group Stock Performance

Shares of EG opened at $348.35 on Tuesday. Everest Group, Ltd. has a one year low of $320.00 and a one year high of $407.30. The company has a 50-day moving average of $352.57 and a two-hundred day moving average of $357.60. The stock has a market cap of $14.82 billion, a price-to-earnings ratio of 11.09, a PEG ratio of 0.24 and a beta of 0.58. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.40 and a quick ratio of 0.40.

Everest Group (NYSE:EG) last announced its earnings results on Wednesday, April 30th. The company reported $6.45 EPS for the quarter, missing the consensus estimate of $7.46 by ($1.01). Everest Group had a return on equity of 9.04% and a net margin of 7.95%. The firm had revenue of $4.26 billion during the quarter, compared to analyst estimates of $3.89 billion. During the same quarter in the previous year, the business earned $16.32 earnings per share. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. On average, equities research analysts expect that Everest Group, Ltd. will post 47.93 earnings per share for the current year.

Everest Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 17th were issued a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a dividend yield of 2.30%. The ex-dividend date was Monday, March 17th. Everest Group’s dividend payout ratio is currently 41.15%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on EG shares. UBS Group lowered their target price on shares of Everest Group from $375.00 to $372.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 9th. Evercore ISI lowered their price objective on shares of Everest Group from $400.00 to $396.00 and set an “in-line” rating on the stock in a research note on Thursday, May 1st. Barclays lowered their price objective on shares of Everest Group from $470.00 to $394.00 and set an “overweight” rating on the stock in a research note on Friday, April 11th. BMO Capital Markets cut shares of Everest Group from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $453.00 to $375.00 in a research note on Thursday, January 30th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $340.00 price objective (down previously from $425.00) on shares of Everest Group in a research note on Wednesday, February 5th. Six investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $397.18.

Insider Buying and Selling

In other Everest Group news, Director Geraldine Losquadro sold 1,500 shares of Everest Group stock in a transaction that occurred on 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 sale, the director now directly owns 12,279 shares in the company, valued at $4,428,175.77. The trade was a 10.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is currently owned by corporate insiders.

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.