Northwest & Ethical Investments L.P. Has $12.92 Million Stock Position in Everest Group, Ltd. (NYSE:EG)

Northwest & Ethical Investments L.P. lifted its position in shares of Everest Group, Ltd. (NYSE:EG) by 0.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,647 shares of the company’s stock after purchasing an additional 65 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in Everest Group were worth $12,921,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of EG. SBI Securities Co. Ltd. bought a new position in Everest Group in the 4th quarter valued at $31,000. Brooklyn Investment Group acquired a new position in Everest Group in the third quarter valued at about $39,000. Private Trust Co. NA grew its stake in Everest Group by 51.7% in the third quarter. Private Trust Co. NA now owns 132 shares of the company’s stock valued at $52,000 after acquiring an additional 45 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Everest Group in the third quarter valued at about $64,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Everest Group by 43.5% in 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 in the last quarter. Institutional investors and hedge funds own 92.64% of the company’s stock.

Everest Group Stock Down 0.8 %

EG opened at $356.63 on Thursday. The stock has a market cap of $15.31 billion, a PE ratio of 11.35, a P/E/G 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 business’s fifty day simple moving average is $351.18 and its 200 day simple moving average is $367.81.

Everest Group (NYSE:EG) last announced its quarterly earnings data 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, research analysts expect that Everest Group, Ltd. will post 47.93 earnings per share for the current fiscal year.

Everest Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 17th will be issued a $2.00 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $8.00 annualized dividend and a yield of 2.24%. Everest Group’s dividend payout ratio (DPR) is presently 25.47%.

Insider Activity

In related news, Director Geraldine Losquadro sold 1,500 shares of the firm’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 transaction of $540,945.00. Following the completion of the sale, the director now owns 12,279 shares of the company’s stock, valued at $4,428,175.77. This trade represents a 10.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

EG has been the topic of several analyst reports. Barclays upped their target price on Everest Group from $461.00 to $470.00 and gave the stock an “overweight” rating in a report on Tuesday, February 4th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $340.00 target price (down previously from $425.00) on shares of Everest Group in a research report on Wednesday, February 5th. Keefe, Bruyette & Woods upped their target price on Everest Group from $420.00 to $434.00 and gave the company an “outperform” rating in a research report on Friday, January 10th. Wells Fargo & Company reduced their price target 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. Finally, BMO Capital Markets downgraded 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. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Everest Group has a consensus rating of “Hold” and an average price target of $416.50.

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.