State of Wyoming Acquires 897 Shares of Everest Group, Ltd. (NYSE:EG)

State of Wyoming increased its holdings in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 117.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,663 shares of the company's stock after acquiring an additional 897 shares during the quarter. State of Wyoming's holdings in Everest Group were worth $603,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of EG. SBI Securities Co. Ltd. bought a new stake in Everest Group during the fourth quarter worth $31,000. Optiver Holding B.V. bought a new stake in shares of Everest Group in the fourth quarter valued at $51,000. Wilmington Savings Fund Society FSB raised its stake in shares of Everest Group by 19.6% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 195 shares of the company's stock valued at $71,000 after buying an additional 32 shares during the period. Private Trust Co. NA raised its stake in shares of 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 buying an additional 64 shares during the period. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Everest Group by 43.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 211 shares of the company's stock valued at $76,000 after buying an additional 64 shares during the period. 92.64% of the stock is currently owned by institutional investors.

Insider Transactions at Everest Group

In other news, Director Geraldine Losquadro sold 1,500 shares of the business's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $360.63, for a total value of $540,945.00. Following the completion of the sale, the director now owns 12,279 shares of the company's stock, valued at approximately $4,428,175.77. The trade was a 10.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.10% of the company's stock.

Everest Group Price Performance

NYSE EG traded down $0.30 during trading on Friday, reaching $336.00. The company's stock had a trading volume of 421,507 shares, compared to its average volume of 384,579. The stock has a market capitalization of $14.29 billion, a PE ratio of 10.70, 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. The firm has a fifty day moving average of $349.89 and a 200 day moving average of $356.32. Everest Group, Ltd. has a one year low of $320.00 and a one year 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 for the quarter, missing analysts' consensus estimates of $7.46 by ($1.01). Everest Group had a return on equity of 9.04% and a net margin of 7.95%. The business had revenue of $4.26 billion during the quarter, compared to the consensus estimate of $3.89 billion. During the same quarter in the prior year, the company earned $16.32 earnings per share. Everest Group's revenue was up 3.1% compared to the same quarter last year. Analysts expect 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 issued a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date is Wednesday, May 28th. Everest Group's payout ratio is currently 41.15%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Evercore ISI lowered their target price on Everest Group from $400.00 to $396.00 and set an "in-line" rating on the stock in a research note on Thursday, May 1st. UBS Group lowered their target price on Everest Group from $375.00 to $372.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 9th. BMO Capital Markets lowered Everest Group from an "outperform" rating to a "market perform" rating and decreased their price objective for the company from $453.00 to $375.00 in a research note on Thursday, January 30th. Keefe, Bruyette & Woods decreased their price objective on Everest Group from $434.00 to $402.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Finally, Raymond James reiterated 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. Six research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Everest Group presently has an average rating of "Moderate Buy" and a consensus price target of $398.09.

Everest Group 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.