Everest Group, Ltd. (NYSE:EG) Shares Purchased by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC boosted its holdings in Everest Group, Ltd. (NYSE:EG) by 108.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 12,423 shares of the company’s stock after buying an additional 6,466 shares during the period. Brandywine Global Investment Management LLC’s holdings in Everest Group were worth $4,503,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EG. SBI Securities Co. Ltd. acquired a new stake in shares of Everest Group during the 4th quarter worth $31,000. Wilmington Savings Fund Society FSB purchased a new stake in Everest Group during the third quarter valued at about $64,000. Private Trust Co. NA increased its stake in Everest Group by 48.5% during the fourth quarter. Private Trust Co. NA now owns 196 shares of the company’s stock worth $71,000 after acquiring an additional 64 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings 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 worth $76,000 after purchasing an additional 64 shares during the period. Finally, Avior Wealth Management LLC lifted its stake in shares of Everest Group by 22.4% in the 4th quarter. Avior Wealth Management LLC now owns 257 shares of the company’s stock valued at $93,000 after purchasing an additional 47 shares in the last quarter. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Wall Street Analyst Weigh In

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

Everest Group Stock Up 0.5 %

Shares of Everest Group stock opened at $365.12 on Wednesday. Everest Group, Ltd. has a 1-year low of $327.37 and a 1-year high of $407.30. The company has a market capitalization of $15.68 billion, a PE ratio of 11.62, a P/E/G ratio of 0.24 and a beta of 0.61. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.40 and a quick ratio of 0.40. The business has a 50-day moving average of $351.47 and a 200-day moving average of $366.15.

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%. As a group, equities analysts forecast that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Everest Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 17th were paid a $2.00 dividend. The ex-dividend date was Monday, March 17th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.19%. Everest Group’s dividend payout ratio (DPR) is presently 25.47%.

Insider Activity at Everest Group

In related news, Director Geraldine Losquadro sold 1,500 shares of the business’s stock in a transaction dated 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. The trade was 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 link. 1.20% of the stock is currently owned by corporate 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.