WINTON GROUP Ltd Acquires New Position in Everest Group, Ltd. (NYSE:EG)

WINTON GROUP Ltd acquired a new position in shares of Everest Group, Ltd. (NYSE:EG) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 16,119 shares of the company’s stock, valued at approximately $5,842,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Artisan Partners Limited Partnership purchased a new position in shares of Everest Group in the fourth quarter valued at $4,809,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Everest Group by 12.1% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 69,457 shares of the company’s stock valued at $25,362,000 after acquiring an additional 7,523 shares during the last quarter. Korea Investment CORP increased its holdings in Everest Group by 121.8% during the 4th quarter. Korea Investment CORP now owns 26,948 shares of the company’s stock valued at $9,768,000 after acquiring an additional 14,800 shares in the last quarter. Nuance Investments LLC purchased a new position in Everest Group during the 4th quarter valued at about $7,243,000. Finally, Meiji Yasuda Asset Management Co Ltd. lifted its holdings in shares of Everest Group by 54.6% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,385 shares of the company’s stock valued at $502,000 after purchasing an additional 489 shares in the last quarter. 92.64% of the stock is currently owned by institutional investors and hedge funds.

Everest Group Stock Performance

Shares of EG stock opened at $366.04 on Thursday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.40 and a quick ratio of 0.40. The company’s fifty day moving average price is $351.30 and its two-hundred day moving average price is $366.72. The firm has a market capitalization of $15.72 billion, a P/E ratio of 11.65, a P/E/G ratio of 0.24 and a beta of 0.61. Everest Group, Ltd. has a 12 month low of $327.37 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 the consensus estimate of $11.64 by ($30.03). Everest Group had a return on equity of 9.04% and a net margin of 7.95%. On average, research analysts anticipate that Everest Group, Ltd. will post 47.93 earnings per share for the current fiscal year.

Everest Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 17th will be given a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend is Monday, March 17th. Everest Group’s payout ratio is currently 25.47%.

Insider Buying and Selling

In other news, Director Geraldine Losquadro sold 1,500 shares of the stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $360.63, for a total transaction of $540,945.00. Following the transaction, the director now owns 12,279 shares of the company’s stock, valued at approximately $4,428,175.77. This trade represents a 10.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on EG shares. Wells Fargo & Company dropped their price objective on shares of Everest Group from $390.00 to $380.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. BMO Capital Markets downgraded Everest Group from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $453.00 to $375.00 in a research report on Thursday, January 30th. Barclays raised their price target on Everest Group from $461.00 to $470.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 4th. 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 report on Wednesday, February 5th. Finally, Keefe, Bruyette & Woods increased their price target on Everest Group from $420.00 to $434.00 and gave the company an “outperform” rating in a report on Friday, January 10th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average 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.