Royal London Asset Management Ltd. Has $13.90 Million Stock Holdings in Everest Group, Ltd. (NYSE:EG)

Royal London Asset Management Ltd. increased its holdings in shares of Everest Group, Ltd. (NYSE:EG) by 0.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 38,357 shares of the company’s stock after acquiring an additional 184 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Everest Group were worth $13,903,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new stake in Everest Group during the 4th quarter worth approximately $31,000. Brooklyn Investment Group acquired a new stake in Everest Group during the 3rd quarter worth approximately $39,000. Private Trust Co. NA boosted its position in Everest Group by 51.7% during the 3rd quarter. Private Trust Co. NA now owns 132 shares of the company’s stock worth $52,000 after buying an additional 45 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Everest Group during the 3rd quarter worth approximately $64,000. Finally, EverSource Wealth Advisors LLC boosted its position in Everest Group by 43.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 211 shares of the company’s stock worth $76,000 after buying an additional 64 shares during the period. 92.64% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on EG. Jefferies Financial Group downgraded shares of Everest Group from a “buy” rating to a “hold” rating and boosted their price target for the stock from $420.00 to $429.00 in a research report on Tuesday, November 26th. Morgan Stanley restated an “equal weight” rating and issued a $340.00 price target (down previously from $425.00) on shares of Everest Group in a research report on Wednesday, February 5th. Barclays boosted their price target on shares of Everest Group from $461.00 to $470.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 4th. Keefe, Bruyette & Woods boosted their price target on shares of Everest Group from $420.00 to $434.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. Finally, Wells Fargo & Company dropped their price target on shares of 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 analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $416.50.

Everest Group Stock Down 0.5 %

Everest Group stock opened at $353.19 on Friday. 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 12-month low of $327.37 and a 12-month high of $407.30. The firm’s fifty day moving average is $350.90 and its 200 day moving average is $367.27. The company has a market capitalization of $15.16 billion, a PE ratio of 11.24, a PEG ratio of 0.24 and a beta of 0.61.

Everest Group (NYSE:EG) last released its 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 net margin of 7.95% and a return on equity of 9.04%. As a group, sell-side analysts predict that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Everest Group Dividend Announcement

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

Insider Buying and Selling at Everest Group

In other Everest Group news, Director Geraldine Losquadro sold 1,500 shares of the business’s stock in a transaction on Tuesday, March 18th. The shares were 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 owns 12,279 shares in the company, valued at approximately $4,428,175.77. The trade was a 10.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.20% of the stock is currently owned by company insiders.

Everest Group 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.