Sei Investments Co. Raises Stock Position in Everest Group, Ltd. (NYSE:EG)

Sei Investments Co. grew its position in shares of Everest Group, Ltd. (NYSE:EG) by 34.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 138,935 shares of the company’s stock after buying an additional 35,904 shares during the quarter. Sei Investments Co. owned 0.32% of Everest Group worth $50,353,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of EG. SBI Securities Co. Ltd. bought a new stake in shares of Everest Group during the 4th quarter valued at $31,000. Brooklyn Investment Group bought a new position in shares of Everest Group in the third quarter worth about $39,000. Private Trust Co. NA lifted its position in shares of Everest Group by 51.7% during the 3rd quarter. Private Trust Co. NA now owns 132 shares of the company’s stock valued at $52,000 after buying an additional 45 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Everest Group during the 3rd quarter valued at about $64,000. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Everest Group by 43.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 211 shares of the company’s stock valued at $76,000 after acquiring an additional 64 shares during the period. Institutional investors own 92.64% of the company’s stock.

Wall Street Analyst Weigh In

EG has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods raised their target price on shares of Everest Group from $420.00 to $434.00 and gave the stock an “outperform” rating in a research note on Friday, January 10th. Morgan Stanley restated an “equal weight” rating and set a $340.00 target price (down previously from $425.00) on shares of Everest Group in a research note on Wednesday, February 5th. Jefferies Financial Group lowered Everest Group from a “buy” rating to a “hold” rating and increased their price target for the stock from $420.00 to $429.00 in a research note on Tuesday, November 26th. Wells Fargo & Company lowered their price objective on Everest Group from $390.00 to $380.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. Finally, BMO Capital Markets cut Everest Group from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $453.00 to $375.00 in a research report on Thursday, January 30th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Everest Group has a consensus rating of “Hold” and a consensus price target of $416.50.

Everest Group Stock Performance

NYSE EG opened at $353.19 on Monday. 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 1-year low of $327.37 and a 1-year high of $407.30. The business has a 50 day simple moving average of $350.90 and a two-hundred day simple moving average of $367.09. The stock has a market capitalization of $15.16 billion, a PE ratio of 11.24, a P/E/G ratio of 0.24 and a beta of 0.61.

Everest Group (NYSE:EG) last posted its earnings results 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%. On average, research analysts predict that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Everest Group Announces Dividend

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

Insider Activity at Everest Group

In related 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 completion of the sale, the director now directly owns 12,279 shares in the company, valued at $4,428,175.77. This trade represents a 10.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.20% of the stock is owned by insiders.

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.