Talaria Asset Management Pty Ltd Invests $28.42 Million in Everest Group, Ltd. (NYSE:EG)

Talaria Asset Management Pty Ltd bought a new position in Everest Group, Ltd. (NYSE:EG - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 78,400 shares of the company's stock, valued at approximately $28,417,000. Everest Group comprises approximately 7.3% of Talaria Asset Management Pty Ltd's investment portfolio, making the stock its 7th biggest position. Talaria Asset Management Pty Ltd owned approximately 0.18% of Everest Group at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. acquired a new stake in Everest Group in the 4th quarter worth approximately $29,000. SBI Securities Co. Ltd. acquired a new position in shares of Everest Group during the fourth quarter worth approximately $31,000. Optiver Holding B.V. acquired a new position in shares of Everest Group during the fourth quarter worth approximately $51,000. Wilmington Savings Fund Society FSB lifted 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 buying an additional 32 shares during the last quarter. Finally, Private Trust Co. NA lifted its holdings in shares of 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 last quarter. 92.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Everest Group news, Director Geraldine Losquadro sold 1,500 shares of the company's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $360.63, for a total value of $540,945.00. Following the sale, the director now directly owns 12,279 shares in the company, valued at $4,428,175.77. This represents a 10.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Jefferies Financial Group upgraded Everest Group from a "hold" rating to a "buy" rating and upped their price target for the stock from $376.00 to $415.00 in a report on Friday, April 11th. Barclays cut their price target on Everest Group from $470.00 to $394.00 and set an "overweight" rating for the company in a 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 report on Wednesday, April 9th. Morgan Stanley upped their price target on Everest Group from $330.00 to $350.00 and gave the stock an "equal weight" rating in a report on Monday, May 19th. Finally, Wells Fargo & Company cut their price target on Everest Group from $362.00 to $361.00 and set an "equal weight" rating for the company in a report on Tuesday, May 6th. Six equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Everest Group has a consensus rating of "Moderate Buy" and a consensus price target of $398.09.

Everest Group Stock Performance

Shares of EG traded up $0.68 on Friday, reaching $347.03. 630,817 shares of the stock traded hands, compared to its average volume of 388,382. The firm has a market cap of $14.76 billion, a price-to-earnings ratio of 11.05, a P/E/G ratio of 0.24 and a beta of 0.58. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.40 and a quick ratio of 0.40. Everest Group, Ltd. has a 12 month low of $320.00 and a 12 month high of $407.30. The stock's 50-day moving average price is $348.32 and its 200-day moving average price is $355.52.

Everest Group (NYSE:EG - Get Free Report) last released its quarterly earnings data 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 business's revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $16.32 earnings per share. Equities analysts forecast that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Everest Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Wednesday, May 28th will be given a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date is Wednesday, May 28th. Everest Group's dividend payout ratio is presently 41.15%.

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.