Everest Group, Ltd. (NYSE:EG) Holdings Boosted by New Vernon Investment Management LLC

New Vernon Investment Management LLC raised its position in Everest Group, Ltd. (NYSE:EG) by 126.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 19,850 shares of the company’s stock after buying an additional 11,093 shares during the quarter. Everest Group comprises about 4.3% of New Vernon Investment Management LLC’s holdings, making the stock its 7th largest position. New Vernon Investment Management LLC’s holdings in Everest Group were worth $7,195,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of EG. SBI Securities Co. Ltd. purchased a new position in Everest Group in the fourth quarter worth $31,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Everest Group during the 3rd quarter worth $64,000. Private Trust Co. NA increased its holdings in shares of Everest Group by 48.5% in the 4th quarter. Private Trust Co. NA now owns 196 shares of the company’s stock valued at $71,000 after purchasing an additional 64 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake 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 valued at $76,000 after purchasing an additional 64 shares during the period. Finally, Avior Wealth Management LLC boosted its holdings in Everest Group by 22.4% during the fourth quarter. Avior Wealth Management LLC now owns 257 shares of the company’s stock worth $93,000 after buying an additional 47 shares in the last quarter. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Insider Buying and Selling

In related news, Director Geraldine Losquadro sold 1,500 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director now 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 SEC, which is accessible through this hyperlink. 1.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on EG shares. Jefferies Financial Group upgraded shares of Everest Group from a “hold” rating to a “buy” rating and lifted their price target for the company from $376.00 to $415.00 in a research report on Friday, April 11th. UBS Group reduced their price objective on Everest Group from $375.00 to $372.00 and set a “neutral” rating for the company in a report on Wednesday, April 9th. Wells Fargo & Company decreased their target price on Everest Group from $370.00 to $362.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 10th. Morgan Stanley restated an “equal weight” rating and issued a $340.00 price target (down previously from $425.00) on shares of Everest Group in a research report on Wednesday, February 5th. Finally, BMO Capital Markets lowered shares of Everest Group from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $453.00 to $375.00 in a research report on Thursday, January 30th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $396.00.

Everest Group Trading Down 0.3 %

Everest Group stock opened at $355.25 on Friday. The stock has a 50-day moving average price of $351.75 and a 200 day moving average price of $361.12. Everest Group, Ltd. has a 52 week low of $320.00 and a 52 week high of $407.30. The stock 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. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.26.

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

Everest Group Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 2.25%. Everest Group’s payout ratio is currently 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.