Twin Capital Management Inc. Purchases 353 Shares of Everest Group, Ltd. (NYSE:EG)

Twin Capital Management Inc. raised its holdings in Everest Group, Ltd. (NYSE:EG) by 4.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,664 shares of the company’s stock after buying an additional 353 shares during the period. Twin Capital Management Inc.’s holdings in Everest Group were worth $3,140,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in the business. SBI Securities Co. Ltd. purchased a new position in Everest Group during the 4th quarter worth $31,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Everest Group during the 3rd quarter worth $64,000. Private Trust Co. NA boosted its holdings in shares of Everest Group by 48.5% in the 4th quarter. Private Trust Co. NA now owns 196 shares of the company’s stock worth $71,000 after buying an additional 64 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in 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 buying an additional 64 shares during the period. Finally, Avior Wealth Management LLC increased its holdings in Everest Group by 22.4% during the fourth quarter. Avior Wealth Management LLC now owns 257 shares of the company’s stock worth $93,000 after buying an additional 47 shares during the last quarter. Institutional investors own 92.64% of the company’s stock.

Insider Buying and Selling

In other Everest Group news, Director Geraldine Losquadro sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $360.63, for a total value of $540,945.00. Following the completion of the transaction, the director now owns 12,279 shares of the company’s stock, valued at $4,428,175.77. The trade was a 10.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.20% of the stock is owned by company insiders.

Everest Group Price Performance

Shares of NYSE:EG opened at $337.09 on Monday. The company has a 50 day moving average of $350.91 and a 200 day moving average of $365.44. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.26. The stock has a market cap of $14.47 billion, a P/E ratio of 10.73, a P/E/G ratio of 0.24 and a beta of 0.43. Everest Group, Ltd. has a 12 month low of $322.10 and a 12 month high of $407.30.

Everest Group (NYSE:EG) last released 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, sell-side analysts forecast 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 was paid on Friday, March 28th. Stockholders of record on Monday, March 17th were given a dividend of $2.00 per share. The ex-dividend date was Monday, March 17th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.37%. Everest Group’s dividend payout ratio (DPR) is presently 25.47%.

Analysts Set New Price Targets

A number of research analysts have weighed in on EG shares. Barclays boosted their target price on shares of Everest Group from $461.00 to $470.00 and gave the company an “overweight” rating in a research note on Tuesday, February 4th. Keefe, Bruyette & Woods increased their price objective on Everest Group from $420.00 to $434.00 and gave the company an “outperform” rating in a report on Friday, January 10th. Wells Fargo & Company lowered their target price 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. BMO Capital Markets downgraded Everest Group from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $453.00 to $375.00 in a research note on Thursday, January 30th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $340.00 price objective (down 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 issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $416.50.

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.