Curat Global LLC Buys New Stake in Everest Group, Ltd. (NYSE:EG)

Curat Global LLC acquired a new position in Everest Group, Ltd. (NYSE:EG - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,601 shares of the company's stock, valued at approximately $549,000.

A number of other large investors have also made changes to their positions in EG. Sunbelt Securities Inc. acquired a new position in shares of Everest Group in the 4th quarter valued at $29,000. SBI Securities Co. Ltd. acquired a new position in shares of Everest Group in the 4th quarter valued at $31,000. Optiver Holding B.V. acquired a new position in shares of Everest Group in the 4th quarter valued at $51,000. Wilmington Savings Fund Society FSB increased its position in shares of Everest Group by 19.6% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 195 shares of the company's stock valued at $71,000 after acquiring an additional 32 shares during the period. Finally, Private Trust Co. NA boosted its holdings in Everest Group by 48.5% in the fourth quarter. Private Trust Co. NA now owns 196 shares of the company's stock valued at $71,000 after purchasing an additional 64 shares during the last quarter. 92.64% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Everest Group

In other news, Director Geraldine Losquadro sold 1,500 shares of the firm's 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 owns 12,279 shares in the company, valued at $4,428,175.77. This trade represents a 10.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.10% of the company's stock.

Everest Group Price Performance

EG stock traded up $2.40 during mid-day trading on Friday, reaching $346.22. The company's stock had a trading volume of 186,081 shares, compared to its average volume of 390,191. The stock has a market cap of $14.73 billion, a PE ratio of 11.02, a P/E/G ratio of 0.24 and a beta of 0.53. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.26. Everest Group, Ltd. has a fifty-two week low of $320.00 and a fifty-two week high of $407.30. The company's 50 day moving average is $346.59 and its two-hundred day moving average is $354.73.

Everest Group (NYSE:EG - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $6.45 EPS for the quarter, missing analysts' consensus estimates of $7.46 by ($1.01). The business had revenue of $4.26 billion during the quarter, compared to analyst estimates 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 in the previous year, the company posted $16.32 EPS. Equities research analysts expect that Everest Group, Ltd. will post 47.93 EPS for the current year.

Everest Group Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts have commented on EG shares. Wells Fargo & Company lowered their price target on shares of Everest Group from $362.00 to $361.00 and set an "equal weight" rating on the stock in a report on Tuesday, May 6th. Raymond James reaffirmed a "strong-buy" rating and issued a $410.00 price target (down from $420.00) on shares of Everest Group in a research note on Tuesday, May 6th. UBS Group decreased their price target 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. Jefferies Financial Group raised shares of Everest Group from a "hold" rating to a "buy" rating and raised their price target for the company from $376.00 to $415.00 in a research note on Friday, April 11th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Everest Group from $434.00 to $402.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Six investment 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's stock. Based on data from MarketBeat, Everest Group presently has an average rating of "Moderate Buy" and an average target price of $398.09.

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.