GAMMA Investing LLC Has $63.36 Million Stake in Everest Group, Ltd. (NYSE:EG)

GAMMA Investing LLC increased its stake in Everest Group, Ltd. (NYSE:EG - Free Report) by 31,899.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 174,398 shares of the company's stock after purchasing an additional 173,853 shares during the period. GAMMA Investing LLC owned approximately 0.41% of Everest Group worth $63,364,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wilmington Savings Fund Society FSB raised its holdings in shares of Everest Group by 19.6% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 195 shares of the company's stock worth $71,000 after buying an additional 32 shares in the last quarter. Lester Murray Antman dba SimplyRich raised its stake in Everest Group by 2.7% during the fourth quarter. Lester Murray Antman dba SimplyRich now owns 1,328 shares of the company's stock worth $481,000 after acquiring an additional 35 shares in the last quarter. Nissay Asset Management Corp Japan ADV lifted its holdings in shares of Everest Group by 0.7% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 5,315 shares of the company's stock worth $1,913,000 after acquiring an additional 36 shares during the last quarter. Van Den Berg Management I Inc. lifted its holdings in shares of Everest Group by 0.3% in the fourth quarter. Van Den Berg Management I Inc. now owns 13,462 shares of the company's stock worth $4,879,000 after acquiring an additional 40 shares during the last quarter. Finally, Greenleaf Trust boosted its stake in shares of Everest Group by 3.8% in the 4th quarter. Greenleaf Trust now owns 1,213 shares of the company's stock valued at $440,000 after purchasing an additional 44 shares in the last quarter. Institutional investors and hedge funds own 92.64% of the company's stock.

Everest Group Trading Down 0.3%

Shares of Everest Group stock traded down $1.18 during midday trading on Thursday, reaching $343.60. The company had a trading volume of 343,733 shares, compared to its average volume of 389,143. The firm has a market cap of $14.62 billion, a PE ratio of 10.94, a P/E/G ratio of 0.24 and a beta of 0.53. The stock has a fifty day moving average price of $347.38 and a 200 day moving average price of $355.10. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.40 and a quick ratio of 0.40. Everest Group, Ltd. has a fifty-two week low of $320.00 and a fifty-two week high of $407.30.

Everest Group (NYSE:EG - Get Free Report) last posted 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). Everest Group had a net margin of 7.95% and a return on equity of 9.04%. The firm had revenue of $4.26 billion during the quarter, compared to the consensus estimate of $3.89 billion. During the same period in the prior year, the company posted $16.32 earnings per share. The company's revenue for the quarter was up 3.1% compared to the same quarter last year. On average, equities analysts anticipate that Everest Group, Ltd. will post 47.93 earnings per share for the current year.

Everest Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Wednesday, May 28th will be paid a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 2.33%. The ex-dividend date is Wednesday, May 28th. Everest Group's dividend payout ratio (DPR) is presently 41.15%.

Insider Transactions at Everest Group

In related news, Director Geraldine Losquadro sold 1,500 shares of the company's stock in a transaction that occurred 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 transaction, the director now directly owns 12,279 shares of the company's stock, valued at approximately $4,428,175.77. This represents a 10.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Barclays lowered their price objective on shares of Everest Group from $470.00 to $394.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Wells Fargo & Company dropped their price target 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. Evercore ISI reduced their price objective on Everest Group from $400.00 to $396.00 and set an "in-line" rating on the stock in a research report on Thursday, May 1st. Raymond James reaffirmed a "strong-buy" rating and issued a $410.00 target price (down previously from $420.00) on shares of Everest Group in a report on Tuesday, May 6th. Finally, UBS Group cut their price target 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. Six equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $398.09.

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.