National Bank of Canada FI Boosts Position in Everest Group, Ltd. (NYSE:EG)

National Bank of Canada FI raised its holdings in shares of Everest Group, Ltd. (NYSE:EG) by 1,275.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 21,204 shares of the company’s stock after acquiring an additional 19,662 shares during the quarter. National Bank of Canada FI’s holdings in Everest Group were worth $7,686,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in shares of Everest Group in the fourth quarter valued at about $31,000. Wilmington Savings Fund Society FSB purchased a new position in Everest Group in the 3rd quarter worth approximately $64,000. Private Trust Co. NA grew its position in Everest Group by 48.5% in the fourth quarter. Private Trust Co. NA now owns 196 shares of the company’s stock valued at $71,000 after acquiring an additional 64 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Everest Group by 43.5% during the fourth 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. Finally, Avior Wealth Management LLC raised its stake in shares of Everest Group by 22.4% during the fourth quarter. Avior Wealth Management LLC now owns 257 shares of the company’s stock valued at $93,000 after purchasing an additional 47 shares during the period. 92.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Everest Group

In related news, Director Geraldine Losquadro sold 1,500 shares of the company’s stock in a transaction on 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 transaction, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on EG shares. Keefe, Bruyette & Woods raised their price target on shares of Everest Group from $420.00 to $434.00 and gave the company an “outperform” rating in a report on Friday, January 10th. Morgan Stanley reaffirmed an “equal weight” rating and set a $340.00 target price (down from $425.00) on shares of Everest Group in a research report on Wednesday, February 5th. 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. BMO Capital Markets downgraded Everest Group from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $453.00 to $375.00 in a report on Thursday, January 30th. Finally, Wells Fargo & Company cut their target price 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. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Everest Group currently has a consensus rating of “Hold” and a consensus price target of $416.50.

Everest Group Trading Down 6.8 %

Shares of NYSE EG opened at $337.09 on Friday. The stock has a market capitalization of $14.47 billion, a P/E ratio of 10.73, a PEG ratio of 0.24 and a beta of 0.43. The stock’s 50 day moving average price is $350.91 and its two-hundred day moving average price is $365.60. 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.

Everest Group (NYSE:EG) last posted its quarterly earnings results on Monday, February 3rd. The company reported ($18.39) earnings per share (EPS) for the quarter, missing the consensus estimate 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, analysts anticipate that Everest Group, Ltd. will post 47.93 earnings per share for the current fiscal year.

Everest Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 17th were issued a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 2.37%. The ex-dividend date of this dividend was Monday, March 17th. Everest Group’s dividend payout ratio (DPR) is presently 25.47%.

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.