Colonial Trust Co SC Has $216,000 Stake in Everest Group, Ltd. (NYSE:EG)

Colonial Trust Co SC boosted its holdings in Everest Group, Ltd. (NYSE:EG) by 141.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 597 shares of the company’s stock after acquiring an additional 350 shares during the period. Colonial Trust Co SC’s holdings in Everest Group were worth $216,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Dakota Wealth Management boosted its holdings in shares of Everest Group by 1.7% during the 4th quarter. Dakota Wealth Management now owns 1,945 shares of the company’s stock worth $705,000 after buying an additional 32 shares during the period. Wilmington Savings Fund Society FSB boosted its holdings in shares of Everest Group by 19.6% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 195 shares of the company’s stock worth $71,000 after acquiring an additional 32 shares during the period. Steph & Co. grew its position in shares of Everest Group by 10.6% in the fourth quarter. Steph & Co. now owns 366 shares of the company’s stock valued at $133,000 after purchasing an additional 35 shares during the last quarter. Lester Murray Antman dba SimplyRich increased its stake in shares of Everest Group by 2.7% during the fourth quarter. Lester Murray Antman dba SimplyRich now owns 1,328 shares of the company’s stock worth $481,000 after purchasing an additional 35 shares during the period. Finally, Foundations Investment Advisors LLC lifted its holdings in Everest Group by 5.9% during the 4th quarter. Foundations Investment Advisors LLC now owns 661 shares of the company’s stock worth $239,000 after purchasing an additional 37 shares during the last quarter. Institutional investors and hedge funds own 92.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on EG shares. UBS Group reduced their target price on shares of Everest Group from $375.00 to $372.00 and set a “neutral” rating for the company in a research report on Wednesday, April 9th. Jefferies Financial Group upgraded shares of Everest Group from a “hold” rating to a “buy” rating and increased their target price for the stock from $376.00 to $415.00 in a research report on Friday, April 11th. Keefe, Bruyette & Woods cut their price target on Everest Group from $434.00 to $402.00 and set an “outperform” rating for the company in a research note on Wednesday, April 9th. Raymond James reissued a “strong-buy” rating and set a $410.00 price target (down previously from $420.00) on shares of Everest Group in a research report on Tuesday. Finally, BMO Capital Markets downgraded Everest Group from an “outperform” rating to a “market perform” rating and cut their target price for the company from $453.00 to $375.00 in a research report on Thursday, January 30th. Six analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $397.18.

Everest Group Stock Performance

NYSE:EG opened at $347.14 on Friday. Everest Group, Ltd. has a twelve month low of $320.00 and a twelve month high of $407.30. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.26. The stock’s 50-day simple moving average is $352.94 and its 200 day simple moving average is $358.47. The firm has a market capitalization of $16.59 billion, a PE ratio of 11.05, a price-to-earnings-growth ratio of 0.24 and a beta of 0.58.

Everest Group (NYSE:EG) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $6.45 earnings per share for the quarter, missing analysts’ consensus estimates of $7.46 by ($1.01). The company had revenue of $4.26 billion during the quarter, compared to analyst estimates of $3.89 billion. Everest Group had a net margin of 7.95% and a return on equity of 9.04%. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $16.32 earnings per share. On average, analysts anticipate that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Everest Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 17th were issued a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a dividend yield of 2.30%. The ex-dividend date was Monday, March 17th. Everest Group’s dividend payout ratio (DPR) is 41.15%.

Insider Buying and Selling

In other news, Director Geraldine Losquadro sold 1,500 shares of the firm’s stock in a transaction 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.10% of the stock is currently owned by corporate insiders.

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.