Quantbot Technologies LP Acquires 9,124 Shares of Everest Group, Ltd. (NYSE:EG)

Quantbot Technologies LP boosted its holdings in Everest Group, Ltd. (NYSE:EG) by 268.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,520 shares of the company’s stock after purchasing an additional 9,124 shares during the period. Quantbot Technologies LP’s holdings in Everest Group were worth $4,538,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. SBI Securities Co. Ltd. bought a new position in shares of Everest Group during the fourth quarter valued at about $31,000. Brooklyn Investment Group bought a new position in shares of Everest Group during the third quarter valued at about $39,000. Private Trust Co. NA raised its stake in shares of Everest Group by 51.7% during the third quarter. Private Trust Co. NA now owns 132 shares of the company’s stock valued at $52,000 after acquiring an additional 45 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Everest Group during the third quarter valued at about $64,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of Everest Group by 43.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 211 shares of the company’s stock valued at $76,000 after buying an additional 64 shares during the period. 92.64% of the stock is owned by institutional investors.

Everest Group Price Performance

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 price-to-earnings-growth ratio of 0.24 and a beta of 0.61. 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 firm has a 50 day moving average of $350.90 and a 200 day moving average of $367.45. Everest Group, Ltd. has a twelve month low of $327.37 and a twelve month high of $407.30.

Everest Group (NYSE:EG) last issued its earnings results on Monday, February 3rd. The company reported ($18.39) earnings per share (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, equities research analysts anticipate that Everest Group, Ltd. will post 47.93 earnings per share for the current fiscal year.

Everest Group Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts have commented on EG shares. Jefferies Financial Group lowered shares of Everest Group from a “buy” rating to a “hold” rating and raised their price objective for the stock from $420.00 to $429.00 in a report on Tuesday, November 26th. BMO Capital Markets lowered 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 report on Thursday, January 30th. Barclays raised their price objective on shares of Everest Group from $461.00 to $470.00 and gave the stock an “overweight” rating in a report on Tuesday, February 4th. Morgan Stanley restated an “equal weight” rating and issued a $340.00 price objective (down from $425.00) on shares of Everest Group in a report on Wednesday, February 5th. Finally, Wells Fargo & Company decreased their target price on shares of Everest Group from $390.00 to $380.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. Six 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.com, the company has an average rating of “Hold” and an average target price of $416.50.

Insider Transactions at Everest Group

In related news, Director Geraldine Losquadro sold 1,500 shares of Everest Group 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 transaction, the director now owns 12,279 shares in the company, valued at approximately $4,428,175.77. The trade was a 10.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.20% of the company’s stock.

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.