Natixis Advisors LLC Grows Position in Everest Group, Ltd. (NYSE:EG)

Natixis Advisors LLC raised its holdings in Everest Group, Ltd. (NYSE:EG) by 12.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 29,566 shares of the company’s stock after acquiring an additional 3,156 shares during the quarter. Natixis Advisors LLC’s holdings in Everest Group were worth $10,716,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Dakota Wealth Management grew its holdings in shares of Everest Group by 1.7% in the 4th quarter. Dakota Wealth Management now owns 1,945 shares of the company’s stock worth $705,000 after acquiring an additional 32 shares during the period. Wilmington Savings Fund Society FSB boosted its position in Everest Group by 19.6% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 195 shares of the company’s stock worth $71,000 after purchasing an additional 32 shares in the last quarter. Steph & Co. grew its holdings in Everest Group by 10.6% in the fourth quarter. Steph & Co. now owns 366 shares of the company’s stock valued at $133,000 after purchasing an additional 35 shares during the last quarter. Lester Murray Antman dba SimplyRich increased its position in shares of Everest Group by 2.7% in the fourth quarter. Lester Murray Antman dba SimplyRich now owns 1,328 shares of the company’s stock valued at $481,000 after buying an additional 35 shares in the last quarter. Finally, Foundations Investment Advisors LLC raised its stake in shares of Everest Group by 5.9% during the 4th quarter. Foundations Investment Advisors LLC now owns 661 shares of the company’s stock worth $239,000 after buying an additional 37 shares during the last quarter. 92.64% of the stock is currently owned by hedge funds and other institutional investors.

Everest Group Price Performance

EG stock opened at $356.63 on Thursday. The stock has a market capitalization of $15.31 billion, a price-to-earnings ratio of 11.35, 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. Everest Group, Ltd. has a 52-week low of $327.37 and a 52-week high of $407.30. The stock’s fifty day simple moving average is $351.18 and its 200-day simple moving average is $367.81.

Everest Group (NYSE:EG) last issued its quarterly earnings results 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%. Equities research analysts expect that Everest Group, Ltd. will post 47.93 EPS for the current year.

Everest Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors 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 yield of 2.24%. The ex-dividend date is Monday, March 17th. Everest Group’s dividend payout ratio (DPR) is 25.47%.

Insiders Place Their Bets

In other Everest Group news, Director Geraldine Losquadro sold 1,500 shares of the company’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $360.63, for a total transaction 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 represents a 10.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on EG shares. BMO Capital Markets cut shares of Everest Group from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $453.00 to $375.00 in a research note 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 research note on Tuesday, February 4th. Jefferies Financial Group downgraded Everest Group from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $420.00 to $429.00 in a research report on Tuesday, November 26th. Morgan Stanley reiterated an “equal weight” rating and set a $340.00 target price (down previously from $425.00) on shares of Everest Group in a report on Wednesday, February 5th. Finally, Keefe, Bruyette & Woods boosted their price target on Everest Group from $420.00 to $434.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $416.50.

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.