337 Shares in Everest Group, Ltd. (NYSE:EG) Bought by Steph & Co.

Steph & Co. purchased a new position in shares of Everest Group, Ltd. (NYSE:EG) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 337 shares of the company’s stock, valued at approximately $119,000.

Other hedge funds have also bought and sold shares of the company. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in shares of Everest Group in the fourth quarter valued at $39,992,000. Zweig DiMenna Associates LLC bought a new stake in shares of Everest Group in the fourth quarter valued at $35,503,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Everest Group in the fourth quarter valued at $31,810,000. Strs Ohio bought a new stake in shares of Everest Group in the fourth quarter valued at $23,980,000. Finally, New York State Teachers Retirement System purchased a new position in shares of Everest Group in the fourth quarter valued at $19,854,000. 92.64% of the stock is currently owned by institutional investors.

Insider Transactions at Everest Group

In other news, Director Roger M. Singer acquired 500 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was purchased at an average cost of $357.21 per share, for a total transaction of $178,605.00. Following the acquisition, the director now owns 16,920 shares of the company’s stock, valued at $6,043,993.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Mike Karmilowicz bought 285 shares of the stock in a transaction dated Friday, February 9th. The stock was bought at an average price of $352.39 per share, with a total value of $100,431.15. Following the purchase, the chief executive officer now owns 10,586 shares in the company, valued at approximately $3,730,400.54. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Roger M. Singer bought 500 shares of the stock in a transaction dated Monday, February 12th. The stock was bought at an average cost of $357.21 per share, with a total value of $178,605.00. Following the purchase, the director now owns 16,920 shares in the company, valued at approximately $6,043,993.20. The disclosure for this purchase can be found here. In the last three months, insiders bought 2,485 shares of company stock worth $874,786. 1.40% of the stock is currently owned by corporate insiders.

Everest Group Price Performance

Everest Group stock traded down $2.78 during midday trading on Wednesday, hitting $357.14. 446,692 shares of the company’s stock were exchanged, compared to its average volume of 371,344. Everest Group, Ltd. has a 52-week low of $331.08 and a 52-week high of $417.92. The stock has a 50-day moving average price of $376.05 and a two-hundred day moving average price of $380.50. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.37 and a current ratio of 0.37. The company has a market cap of $19.02 billion, a P/E ratio of 6.03, a PEG ratio of 3.17 and a beta of 0.56.

Everest Group (NYSE:EG) last posted its earnings results on Wednesday, February 7th. The company reported $25.18 EPS for the quarter, topping the consensus estimate of $14.63 by $10.55. Everest Group had a return on equity of 25.05% and a net margin of 17.26%. The business had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.85 billion. During the same period in the previous year, the business earned $12.21 earnings per share. The firm’s revenue was up 12.4% on a year-over-year basis. On average, equities research analysts forecast that Everest Group, Ltd. will post 61.21 earnings per share for the current year.

Everest Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Tuesday, March 19th were issued a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date was Monday, March 18th. Everest Group’s payout ratio is currently 11.72%.

Wall Street Analyst Weigh In

EG has been the subject of several recent research reports. Wells Fargo & Company reduced their price target on Everest Group from $402.00 to $397.00 and set an “equal weight” rating for the company in a research report on Thursday, April 11th. Morgan Stanley reduced their price target on Everest Group from $466.00 to $450.00 and set an “overweight” rating for the company in a research report on Monday. Citigroup cut Everest Group from a “buy” rating to a “neutral” rating and reduced their price target for the company from $452.00 to $375.00 in a research report on Monday, February 12th. TD Cowen initiated coverage on Everest Group in a research report on Wednesday, January 10th. They issued a “market perform” rating and a $421.00 price target for the company. Finally, Keefe, Bruyette & Woods lifted their price target on Everest Group from $445.00 to $457.00 and gave the company an “outperform” rating in a research report on Wednesday, April 10th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Everest Group currently has a consensus rating of “Moderate Buy” and an average target price of $432.11.

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.