Everest Group, Ltd. (NYSE:EG) Shares Acquired by Graham Capital Management L.P.

Graham Capital Management L.P. lifted its holdings in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 146.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,022 shares of the company's stock after acquiring an additional 1,203 shares during the period. Graham Capital Management L.P.'s holdings in Everest Group were worth $733,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new stake in shares of Everest Group during the fourth quarter worth about $31,000. Optiver Holding B.V. purchased a new position in Everest Group during the 4th quarter worth approximately $51,000. Wilmington Savings Fund Society FSB increased its position in 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 buying an additional 32 shares during the period. Private Trust Co. NA increased its position in Everest Group by 48.5% during the fourth quarter. Private Trust Co. NA now owns 196 shares of the company's stock worth $71,000 after buying an additional 64 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in Everest Group by 43.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 211 shares of the company's stock valued at $76,000 after buying an additional 64 shares during the last quarter. Hedge funds and other institutional investors own 92.64% of the company's stock.

Insiders Place Their Bets

In other news, Director Geraldine Losquadro sold 1,500 shares of Everest Group stock in a transaction that occurred 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 sale, the director now directly owns 12,279 shares in the company, valued at approximately $4,428,175.77. This trade represents a 10.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.10% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on EG shares. Keefe, Bruyette & Woods lowered their target price on shares of Everest Group from $434.00 to $402.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. UBS Group dropped their price objective on shares of Everest Group from $375.00 to $372.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 9th. Raymond James reaffirmed a "strong-buy" rating and issued a $410.00 target price (down from $420.00) on shares of Everest Group in a report on Tuesday, May 6th. Wells Fargo & Company lowered their price target on Everest Group from $362.00 to $361.00 and set an "equal weight" rating on the stock in a report on Tuesday, May 6th. Finally, Jefferies Financial Group raised Everest Group from a "hold" rating to a "buy" rating and upped their price objective for the company from $376.00 to $415.00 in a research note on Friday, April 11th. 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 company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $397.18.

Everest Group Trading Down 1.2%

NYSE EG opened at $342.06 on Thursday. 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 has a market capitalization of $14.55 billion, a P/E ratio of 10.89, a P/E/G ratio of 0.24 and a beta of 0.58. Everest Group, Ltd. has a 52-week low of $320.00 and a 52-week high of $407.30. The firm has a 50-day moving average price of $351.79 and a 200 day moving average price of $357.42.

Everest Group (NYSE:EG - Get Free Report) last issued its 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 business had revenue of $4.26 billion for the quarter, compared to analysts' expectations of $3.89 billion. Everest Group had a return on equity of 9.04% and a net margin of 7.95%. The business's quarterly revenue was up 3.1% on a year-over-year basis. During the same period last year, the company posted $16.32 earnings per share. Equities research analysts expect that Everest Group, Ltd. will post 47.93 EPS for the current year.

Everest Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 17th were issued a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend was Monday, March 17th. Everest Group's dividend payout ratio (DPR) is currently 41.15%.

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.

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