Curat Global LLC Invests $549,000 in Everest Group, Ltd. (NYSE:EG)

Curat Global LLC bought a new stake in Everest Group, Ltd. (NYSE:EG - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,601 shares of the company's stock, valued at approximately $549,000.

A number of other large investors also recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its stake in Everest Group by 39.9% during the fourth quarter. JPMorgan Chase & Co. now owns 109,775 shares of the company's stock worth $39,789,000 after purchasing an additional 31,306 shares during the period. Commonwealth Equity Services LLC lifted its holdings in Everest Group by 25.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 12,055 shares of the company's stock valued at $4,369,000 after acquiring an additional 2,438 shares during the period. Brandywine Global Investment Management LLC lifted its holdings in Everest Group by 108.5% in the fourth quarter. Brandywine Global Investment Management LLC now owns 12,423 shares of the company's stock valued at $4,503,000 after acquiring an additional 6,466 shares during the period. Atria Wealth Solutions Inc. purchased a new position in shares of Everest Group in the fourth quarter valued at $325,000. Finally, Johnson Investment Counsel Inc. increased its position in shares of Everest Group by 5.1% in the fourth quarter. Johnson Investment Counsel Inc. now owns 186,327 shares of the company's stock valued at $67,536,000 after buying an additional 8,984 shares in the last quarter. Institutional investors and hedge funds own 92.64% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on EG shares. Wells Fargo & Company dropped their price objective on Everest Group from $362.00 to $361.00 and set an "equal weight" rating for the company in a research report on Tuesday, May 6th. Raymond James reiterated a "strong-buy" rating and set a $410.00 price objective (down previously from $420.00) on shares of Everest Group in a research report on Tuesday, May 6th. UBS Group lowered their price target on Everest Group from $375.00 to $372.00 and set a "neutral" rating for the company in a report on Wednesday, April 9th. Morgan Stanley lifted their price target on Everest Group from $330.00 to $350.00 and gave the company an "equal weight" rating in a report on Monday, May 19th. Finally, Evercore ISI lowered their price target on Everest Group from $400.00 to $396.00 and set an "in-line" rating for the company in a report on Thursday, May 1st. Six analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Everest Group has a consensus rating of "Moderate Buy" and an average price target of $398.09.

Everest Group Trading Down 1.6%

Shares of NYSE:EG traded down $5.56 during trading on Monday, reaching $340.62. 365,131 shares of the stock were exchanged, compared to its average volume of 391,107. The firm's 50-day moving average price is $346.09 and its 200 day moving average price is $354.02. The firm has a market cap of $14.49 billion, a price-to-earnings ratio of 10.84, a price-to-earnings-growth ratio of 0.24 and a beta of 0.53. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.40 and a current ratio of 0.40. 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 announced 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). Everest Group had a net margin of 7.95% and a return on equity of 9.04%. The business had revenue of $4.26 billion during the quarter, compared to analyst estimates of $3.89 billion. During the same period in the previous year, the company earned $16.32 earnings per share. The business's revenue for the quarter was up 3.1% on a year-over-year basis. On average, sell-side analysts anticipate that Everest Group, Ltd. will post 47.93 earnings per share for the current fiscal year.

Everest Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Wednesday, May 28th will be paid a $2.00 dividend. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $8.00 annualized dividend and a dividend yield of 2.35%. Everest Group's payout ratio is 41.15%.

Insider Activity

In other 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 transaction of $540,945.00. Following the completion of the sale, the director now directly owns 12,279 shares of the company's stock, valued at $4,428,175.77. This represents a 10.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at 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.