Mitsubishi UFJ Trust & Banking Corp Has $10.65 Million Stock Holdings in Everest Group, Ltd. (NYSE:EG)

Mitsubishi UFJ Trust & Banking Corp lowered its position in shares of Everest Group, Ltd. (NYSE:EG) by 10.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 29,390 shares of the company’s stock after selling 3,516 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.07% of Everest Group worth $10,653,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of EG. SBI Securities Co. Ltd. bought a new stake in shares of Everest Group in the 4th quarter valued at $31,000. Brooklyn Investment Group bought a new stake in shares of Everest Group in the third quarter worth about $39,000. Private Trust Co. NA raised its position 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 worth $52,000 after purchasing an additional 45 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Everest Group during the 3rd quarter valued at about $64,000. Finally, EverSource Wealth Advisors LLC grew its position in shares of Everest Group by 43.5% in the 4th 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. Institutional investors own 92.64% of the company’s stock.

Insider Transactions at Everest Group

In other news, Director Geraldine Losquadro sold 1,500 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at $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 is available at this link. 1.20% of the stock is owned by company insiders.

Analyst Ratings Changes

EG has been the topic of several research analyst reports. Morgan Stanley restated an “equal weight” rating and set a $340.00 target price (down from $425.00) on shares of Everest Group in a report on Wednesday, February 5th. Keefe, Bruyette & Woods raised their price objective on shares of Everest Group from $420.00 to $434.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. Barclays upped their target price on shares of Everest Group from $461.00 to $470.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 4th. Wells Fargo & Company dropped their price target on Everest Group from $390.00 to $380.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. Finally, BMO Capital Markets cut Everest Group from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $453.00 to $375.00 in a research report on Thursday, January 30th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Everest Group currently has an average rating of “Hold” and a consensus price target of $416.50.

Everest Group Price Performance

NYSE:EG opened at $361.50 on Friday. The stock’s 50-day simple moving average is $351.43 and its 200 day simple moving average is $366.45. Everest Group, Ltd. has a 52-week low of $327.37 and a 52-week 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 company has a market cap of $15.52 billion, a P/E ratio of 11.51, a P/E/G ratio of 0.24 and a beta of 0.61.

Everest Group (NYSE:EG) last announced its quarterly earnings data on Monday, February 3rd. The company reported ($18.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, 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 disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 17th were given a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend was Monday, March 17th. Everest Group’s dividend payout ratio (DPR) is presently 25.47%.

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.