Everest Group, Ltd. (NYSE:EG) Shares Purchased by FCA Corp TX

FCA Corp TX boosted its holdings in Everest Group, Ltd. (NYSE:EG) by 0.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 10,459 shares of the company’s stock after buying an additional 69 shares during the quarter. FCA Corp TX’s holdings in Everest Group were worth $3,791,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in EG. Vanguard Group Inc. increased its stake in Everest Group by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 5,560,030 shares of the company’s stock worth $2,015,288,000 after acquiring an additional 43,793 shares during the last quarter. LPL Financial LLC increased its stake in Everest Group by 37.2% during the fourth quarter. LPL Financial LLC now owns 31,988 shares of the company’s stock worth $11,594,000 after acquiring an additional 8,675 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Everest Group during the fourth quarter worth about $5,307,000. Sei Investments Co. increased its stake in Everest Group by 34.8% during the fourth quarter. Sei Investments Co. now owns 138,935 shares of the company’s stock worth $50,353,000 after acquiring an additional 35,904 shares during the last quarter. Finally, Mizuho Securities USA LLC increased its stake in Everest Group by 45.2% during the fourth quarter. Mizuho Securities USA LLC now owns 4,073 shares of the company’s stock worth $1,476,000 after acquiring an additional 1,267 shares during the last quarter. 92.64% of the stock is currently owned by institutional investors and hedge funds.

Everest Group Trading Down 0.5 %

Shares of EG opened at $353.19 on Friday. The company has a market capitalization of $15.16 billion, a P/E ratio of 11.24, a P/E/G ratio of 0.24 and a beta of 0.61. Everest Group, Ltd. has a one year low of $327.37 and a one year high of $407.30. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.40 and a current ratio of 0.40. The stock has a 50-day moving average price of $350.90 and a 200 day moving average price of $367.27.

Everest Group (NYSE:EG) last issued its quarterly earnings results 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%. Sell-side analysts forecast that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Everest Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 17th will be issued a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date is Monday, March 17th. Everest Group’s dividend payout ratio is presently 25.47%.

Analyst Upgrades and Downgrades

Several brokerages have commented on EG. Jefferies Financial Group lowered Everest Group from a “buy” rating to a “hold” rating and upped their price target for the stock from $420.00 to $429.00 in a research note on Tuesday, November 26th. BMO Capital Markets lowered Everest Group from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $453.00 to $375.00 in a research note on Thursday, January 30th. Wells Fargo & Company decreased their target price on Everest Group from $390.00 to $380.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Keefe, Bruyette & Woods upped their target price on Everest Group from $420.00 to $434.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $340.00 target price (down previously from $425.00) on shares of Everest Group in a research report on Wednesday, February 5th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $416.50.

Insiders Place Their Bets

In other Everest Group news, Director Geraldine Losquadro sold 1,500 shares of the stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $360.63, for a total transaction of $540,945.00. Following the transaction, 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 at the SEC website. 1.20% of the stock is currently owned by company 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.