ASR Vermogensbeheer N.V. Takes $403,000 Position in Everest Group, Ltd. (NYSE:EG)

Key Points

• ASR Vermogensbeheer N.V. has acquired a new stake in Everest Group, Ltd., purchasing 1,109 shares valued at approximately $403,000.
• CEO James Allan Williamson purchased 1,000 shares of Everest Group stock, increasing his ownership stake by 4.06% and bringing his total shares owned to 25,618.
• Everest Group reported a quarterly earnings per share (EPS) of $17.36, surpassing analyst expectations and showing a 6.2% revenue increase compared to the previous year.

ASR Vermogensbeheer N.V. acquired a new position in Everest Group, Ltd. (NYSE:EG - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,109 shares of the company's stock, valued at approximately $403,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Sunbelt Securities Inc. purchased a new stake in Everest Group during the 4th quarter valued at about $29,000. Tsfg LLC bought a new stake in Everest Group during the 1st quarter valued at about $33,000. Optiver Holding B.V. bought a new stake in Everest Group during the 4th quarter valued at about $51,000. Bruce G. Allen Investments LLC increased its stake in Everest Group by 79.1% during the 1st quarter. Bruce G. Allen Investments LLC now owns 154 shares of the company's stock valued at $56,000 after purchasing an additional 68 shares in the last quarter. Finally, Park Square Financial Group LLC bought a new stake in Everest Group during the 4th quarter valued at about $104,000. 92.64% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on EG shares. Cantor Fitzgerald upgraded shares of Everest Group to a "hold" rating in a research note on Wednesday. Raymond James Financial restated a "strong-buy" rating and set a $410.00 price objective (down from $420.00) on shares of Everest Group in a research note on Tuesday, May 6th. Janney Montgomery Scott assumed coverage on shares of Everest Group in a report on Friday, June 20th. They set a "buy" rating and a $425.00 price target on the stock. Evercore ISI dropped their price target on shares of Everest Group from $400.00 to $396.00 and set an "in-line" rating on the stock in a report on Thursday, May 1st. Finally, Keefe, Bruyette & Woods raised their price target on shares of Everest Group from $405.00 to $416.00 and gave the company an "outperform" rating in a report on Wednesday, August 6th. Seven research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $397.14.

Everest Group Stock Performance

Shares of EG traded up $0.12 on Thursday, reaching $336.88. The company's stock had a trading volume of 260,821 shares, compared to its average volume of 406,079. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.38 and a quick ratio of 0.38. The stock has a market capitalization of $14.13 billion, a P/E ratio of 17.88, a PEG ratio of 0.24 and a beta of 0.50. The stock's 50 day simple moving average is $335.48 and its two-hundred day simple moving average is $344.10. Everest Group, Ltd. has a 12-month low of $320.00 and a 12-month high of $407.30.

Everest Group (NYSE:EG - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $17.36 EPS for the quarter, topping analysts' consensus estimates of $15.14 by $2.22. Everest Group had a net margin of 4.56% and a return on equity of 5.89%. The company had revenue of $4.49 billion for the quarter, compared to analysts' expectations of $4.22 billion. During the same quarter last year, the business earned $16.85 EPS. The firm's revenue was up 6.2% compared to the same quarter last year. Research analysts forecast that Everest Group, Ltd. will post 47.93 earnings per share for the current fiscal year.

Everest Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Wednesday, September 3rd will be paid a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a yield of 2.4%. Everest Group's payout ratio is 42.46%.

Insider Buying and Selling

In other news, CEO James Allan Williamson bought 1,000 shares of the firm's stock in a transaction on Wednesday, June 11th. The shares were bought at an average price of $337.97 per share, for a total transaction of $337,970.00. Following the purchase, the chief executive officer owned 25,618 shares in the company, valued at approximately $8,658,115.46. The trade was a 4.06% increase in their ownership of the stock. The purchase 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.

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.