Croban Takes Position in Everest Group, Ltd. (NYSE:EG)

Croban acquired a new stake in Everest Group, Ltd. (NYSE:EG - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,168 shares of the company's stock, valued at approximately $788,000.

A number of other hedge funds have also made changes to their positions in the company. Sunbelt Securities Inc. purchased a new stake in shares of Everest Group during the fourth quarter worth about $29,000. SBI Securities Co. Ltd. purchased a new position in Everest Group during the fourth quarter worth about $31,000. Tsfg LLC acquired a new stake in Everest Group in the 1st quarter worth about $33,000. Optiver Holding B.V. purchased a new stake in Everest Group in the 4th quarter valued at about $51,000. Finally, Bruce G. Allen Investments LLC increased its stake in shares of 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 acquiring an additional 68 shares during the last quarter. Hedge funds and other institutional investors own 92.64% of the company's stock.

Analyst Upgrades and Downgrades

EG has been the topic of several research analyst reports. UBS Group decreased their target price on shares of Everest Group from $372.00 to $370.00 and set a "neutral" rating on the stock in a research report on Wednesday. Morgan Stanley boosted their price objective on shares of Everest Group from $330.00 to $350.00 and gave the company an "equal weight" rating in a research note on Monday, May 19th. Janney Montgomery Scott began coverage on Everest Group in a research note on Friday, June 20th. They set a "buy" rating and a $425.00 price target for the company. Barclays increased their target price on shares of Everest Group from $394.00 to $398.00 and gave the stock an "overweight" rating in a research report on Monday. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Everest Group from $402.00 to $405.00 and gave the stock an "outperform" rating in a research note on Wednesday. Six 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $400.83.

Insiders Place Their Bets

In other Everest Group news, CEO James Allan Williamson purchased 1,000 shares of the firm's stock in a transaction dated Wednesday, June 11th. The stock was acquired at an average cost of $337.97 per share, with a total value of $337,970.00. Following the acquisition, the chief executive officer owned 25,618 shares of the company's stock, valued at approximately $8,658,115.46. This represents a 4.06% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 1.10% of the stock is currently owned by insiders.

Everest Group Stock Up 0.0%

EG stock opened at $340.31 on Friday. The company has a market capitalization of $14.47 billion, a P/E ratio of 17.51, a PEG ratio of 0.27 and a beta of 0.51. The firm has a 50 day simple moving average of $341.27 and a 200-day simple moving average of $349.01. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.25. Everest Group, Ltd. has a twelve month low of $320.00 and a twelve month high of $407.30.

Everest Group (NYSE:EG - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $6.45 earnings per share for the quarter, missing the consensus estimate of $7.46 by ($1.01). The company had revenue of $4.26 billion during the quarter, compared to the consensus estimate of $3.89 billion. Everest Group had a return on equity of 5.95% and a net margin of 4.88%. Everest Group's revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the previous year, the firm posted $16.32 EPS. On average, equities research analysts predict that Everest Group, Ltd. will post 47.93 earnings per share for the current fiscal year.

Everest Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Wednesday, May 28th were issued a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend was Wednesday, May 28th. Everest Group's dividend payout ratio is presently 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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