Everest Group, Ltd. (NYSE:EG) Shares Purchased by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. boosted its position in shares of Everest Group, Ltd. (NYSE:EG) by 0.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 12,888 shares of the company’s stock after acquiring an additional 99 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Everest Group were worth $4,671,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Everest Group during the fourth quarter worth about $488,588,000. World Investment Advisors LLC purchased a new position in Everest Group during the 3rd quarter worth approximately $120,564,000. Raymond James Financial Inc. acquired a new stake in Everest Group during the 4th quarter valued at approximately $48,290,000. Truist Financial Corp boosted its holdings in shares of Everest Group by 7,580.7% in the 4th quarter. Truist Financial Corp now owns 92,936 shares of the company’s stock valued at $33,686,000 after acquiring an additional 91,726 shares during the last quarter. Finally, FMR LLC increased its stake in shares of Everest Group by 21.5% in the third quarter. FMR LLC now owns 410,861 shares of the company’s stock worth $160,988,000 after acquiring an additional 72,822 shares during the period. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Analyst Ratings Changes

EG has been the topic of several recent research reports. Barclays upped their price target on shares of Everest Group from $461.00 to $470.00 and gave the company an “overweight” rating in a report on Tuesday, February 4th. 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. Morgan Stanley reiterated an “equal weight” rating and set a $340.00 price target (down from $425.00) on shares of Everest Group in a research report on Wednesday, February 5th. BMO Capital Markets lowered Everest Group from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $453.00 to $375.00 in a research report on Thursday, January 30th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Everest Group from $420.00 to $434.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $416.50.

Insider Transactions at Everest Group

In other news, Director Geraldine Losquadro sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $360.63, for a total value of $540,945.00. Following the transaction, the director now directly 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 transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.20% of the company’s stock.

Everest Group Price Performance

Everest Group stock opened at $365.12 on Wednesday. The stock has a market capitalization of $15.68 billion, a P/E ratio of 11.62, a P/E/G ratio of 0.24 and a beta of 0.61. The company’s fifty day moving average price is $351.47 and its 200 day moving average price is $366.15. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.40 and a current ratio of 0.40. Everest Group, Ltd. has a 1 year low of $327.37 and a 1 year high of $407.30.

Everest Group (NYSE:EG) last announced its 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%. As a group, equities research analysts anticipate that Everest Group, Ltd. will post 47.93 earnings per share for the current fiscal year.

Everest Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 17th were given a $2.00 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $8.00 annualized dividend and a dividend yield of 2.19%. Everest Group’s dividend payout ratio (DPR) is presently 25.47%.

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.