Everest Group, Ltd. (NYSE:EG) Shares Purchased by Nissay Asset Management Corp Japan ADV

Nissay Asset Management Corp Japan ADV increased its holdings in shares of Everest Group, Ltd. (NYSE:EG) by 0.7% in the fourth quarter, Holdings Channel reports. The firm owned 5,315 shares of the company’s stock after acquiring an additional 36 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in Everest Group were worth $1,913,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Everest Group by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 5,560,030 shares of the company’s stock valued at $2,015,288,000 after purchasing an additional 43,793 shares during the period. Norges Bank purchased a new stake in shares of Everest Group during the fourth quarter valued at approximately $488,588,000. Franklin Resources Inc. raised its stake in shares of Everest Group by 0.4% during the fourth quarter. Franklin Resources Inc. now owns 1,281,611 shares of the company’s stock valued at $464,533,000 after purchasing an additional 4,544 shares during the period. Geode Capital Management LLC raised its stake in shares of Everest Group by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 1,164,081 shares of the company’s stock valued at $424,344,000 after purchasing an additional 8,321 shares during the period. Finally, Vulcan Value Partners LLC raised its stake in shares of Everest Group by 279.1% during the fourth quarter. Vulcan Value Partners LLC now owns 978,713 shares of the company’s stock valued at $354,768,000 after purchasing an additional 720,572 shares during the period. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Everest Group Stock Performance

Everest Group stock opened at $348.22 on Friday. The company has a market cap of $14.81 billion, a PE ratio of 11.09, a P/E/G ratio of 0.24 and a beta of 0.58. The company has a fifty day moving average price of $351.38 and a two-hundred day moving average price of $356.80. 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, Ltd. has a 12 month low of $320.00 and a 12 month high of $407.30.

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

Everest Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Wednesday, May 28th will be issued a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date is Wednesday, May 28th. Everest Group’s dividend payout ratio is presently 41.15%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Jefferies Financial Group upgraded shares of Everest Group from a “hold” rating to a “buy” rating and lifted their price objective for the company from $376.00 to $415.00 in a research note on Friday, April 11th. Keefe, Bruyette & Woods dropped their price objective on shares of Everest Group from $434.00 to $402.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th. UBS Group dropped their price objective 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. BMO Capital Markets downgraded shares of Everest Group from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $453.00 to $375.00 in a research report on Thursday, January 30th. Finally, Wells Fargo & Company decreased their price target on shares of Everest Group from $362.00 to $361.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 6th. Six equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Everest Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $397.18.

Insiders Place Their Bets

In other Everest Group news, Director Geraldine Losquadro sold 1,500 shares of the firm’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $360.63, for a total value of $540,945.00. Following the sale, the director now directly owns 12,279 shares in the company, valued at approximately $4,428,175.77. This trade represents a 10.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.10% of the stock is currently owned by corporate insiders.

Everest Group Company 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.