Toronto Dominion Bank Purchases 1,430 Shares of Everest Group, Ltd. (NYSE:EG)

Toronto Dominion Bank raised its stake in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 6.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 23,015 shares of the company's stock after buying an additional 1,430 shares during the period. Toronto Dominion Bank owned about 0.05% of Everest Group worth $8,342,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new stake in Everest Group during the 4th quarter valued at $31,000. Optiver Holding B.V. purchased a new stake in shares of Everest Group in the 4th quarter worth $51,000. Wilmington Savings Fund Society FSB increased its stake 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 worth $71,000 after purchasing an additional 32 shares in the last quarter. Private Trust Co. NA increased its stake in shares of Everest Group by 48.5% in the 4th quarter. Private Trust Co. NA now owns 196 shares of the company's stock worth $71,000 after purchasing an additional 64 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Everest Group by 43.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 211 shares of the company's stock worth $76,000 after purchasing an additional 64 shares in the last quarter. 92.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Everest Group

In related news, Director Geraldine Losquadro sold 1,500 shares of the business'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 transaction, the director now owns 12,279 shares in the company, valued at $4,428,175.77. The trade was a 10.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is owned by company insiders.

Everest Group Price Performance

NYSE EG traded up $4.10 during trading on Tuesday, hitting $340.04. 50,362 shares of the stock traded hands, compared to its average volume of 383,272. The company has a market capitalization of $14.46 billion, a P/E ratio of 10.83, a price-to-earnings-growth ratio of 0.24 and a beta of 0.58. The firm has a 50-day simple moving average of $349.48 and a 200-day simple moving average of $356.06. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.26. 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 EPS for the quarter, missing analysts' consensus estimates of $7.46 by ($1.01). The company had revenue of $4.26 billion during the quarter, compared to analysts' expectations of $3.89 billion. Everest Group had a return on equity of 9.04% and a net margin of 7.95%. Everest Group's revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter last year, the firm posted $16.32 EPS. As a group, analysts predict that Everest Group, Ltd. will post 47.93 EPS for the current year.

Everest Group Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on EG shares. Wells Fargo & Company reduced their price objective on Everest Group from $362.00 to $361.00 and set an "equal weight" rating for the company in a research note on Tuesday, May 6th. Keefe, Bruyette & Woods reduced their price objective on Everest Group from $434.00 to $402.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. BMO Capital Markets lowered Everest Group from an "outperform" rating to a "market perform" rating and reduced their price objective for the stock from $453.00 to $375.00 in a research note on Thursday, January 30th. UBS Group reduced their price objective on Everest Group from $375.00 to $372.00 and set a "neutral" rating for the company in a research note on Wednesday, April 9th. Finally, Morgan Stanley increased their price target on Everest Group from $330.00 to $350.00 and gave the stock an "equal weight" rating in a research note on Monday, May 19th. 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 currently has an average rating of "Moderate Buy" and a consensus target price 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.