Everest Group, Ltd. (NYSE:EG) CEO James Allan Williamson Purchases 1,000 Shares

Everest Group, Ltd. (NYSE:EG - Get Free Report) CEO James Allan Williamson acquired 1,000 shares of Everest Group stock in a transaction dated Wednesday, June 11th. The shares were acquired at an average price of $337.97 per share, with a total value of $337,970.00. Following the completion of the transaction, the chief executive officer now owns 25,618 shares of the company's stock, valued at approximately $8,658,115.46. This trade represents a 4.06% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Everest Group Stock Down 1.5%

Shares of Everest Group stock traded down $5.08 on Friday, hitting $334.74. 430,435 shares of the company traded hands, compared to its average volume of 393,986. The company has a market cap of $14.24 billion, a PE ratio of 10.66, a PEG ratio of 0.24 and a beta of 0.53. Everest Group, Ltd. has a 12-month low of $320.00 and a 12-month high of $407.30. The company has a 50-day moving average price of $345.89 and a 200 day moving average price of $353.06. 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 (NYSE:EG - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $6.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $7.46 by ($1.01). The firm had revenue of $4.26 billion for the quarter, compared to the consensus estimate of $3.89 billion. Everest Group had a net margin of 7.95% and a return on equity of 9.04%. The firm's revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the company earned $16.32 earnings per share. Sell-side analysts predict that Everest Group, Ltd. will post 47.93 earnings per share for the current year.

Everest Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Wednesday, May 28th were given a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 2.39%. The ex-dividend date was Wednesday, May 28th. Everest Group's dividend payout ratio (DPR) is presently 41.15%.

Analyst Ratings Changes

EG has been the topic of several research reports. Jefferies Financial Group raised Everest Group from a "hold" rating to a "buy" rating and upped their price target for the company from $376.00 to $415.00 in a report on Friday, April 11th. UBS Group dropped their price target on Everest Group from $375.00 to $372.00 and set a "neutral" rating on the stock in a report on Wednesday, April 9th. Evercore ISI dropped their price target on Everest Group from $400.00 to $396.00 and set an "in-line" rating on the stock in a report on Thursday, May 1st. Keefe, Bruyette & Woods dropped their price target on Everest Group from $434.00 to $402.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Finally, Morgan Stanley upped their price target on Everest Group from $330.00 to $350.00 and gave the company an "equal weight" rating in a report on Monday, May 19th. Six research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Everest Group has an average rating of "Moderate Buy" and an average target price of $398.09.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its stake in Everest Group by 39.9% during the fourth quarter. JPMorgan Chase & Co. now owns 109,775 shares of the company's stock worth $39,789,000 after buying an additional 31,306 shares during the last quarter. Wedge Capital Management L L P NC boosted its stake in Everest Group by 14.3% in the first quarter. Wedge Capital Management L L P NC now owns 9,871 shares of the company's stock valued at $3,586,000 after acquiring an additional 1,235 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in Everest Group by 25.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 12,055 shares of the company's stock valued at $4,369,000 after acquiring an additional 2,438 shares during the last quarter. Brandywine Global Investment Management LLC boosted its position in shares of Everest Group by 108.5% during the fourth quarter. Brandywine Global Investment Management LLC now owns 12,423 shares of the company's stock worth $4,503,000 after purchasing an additional 6,466 shares in the last quarter. Finally, Atria Wealth Solutions Inc. bought a new position in shares of Everest Group during the fourth quarter worth $325,000. Institutional investors and hedge funds own 92.64% of the company's stock.

Everest Group Company 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.