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Everest Group, Ltd. (NYSE:EG) Shares Bought by Johnson Investment Counsel Inc.

Everest Group logo with Finance background

Johnson Investment Counsel Inc. raised its position in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 2.3% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 190,646 shares of the company's stock after acquiring an additional 4,319 shares during the period. Johnson Investment Counsel Inc. owned approximately 0.40% of Everest Group worth $69,267,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Van ECK Associates Corp grew its holdings in shares of Everest Group by 61.5% in the fourth quarter. Van ECK Associates Corp now owns 680 shares of the company's stock worth $246,000 after purchasing an additional 259 shares during the last quarter. Asset Management One Co. Ltd. grew its holdings in shares of Everest Group by 9.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 17,881 shares of the company's stock worth $6,436,000 after purchasing an additional 1,567 shares during the last quarter. CIBC Asset Management Inc grew its holdings in shares of Everest Group by 4.1% in the fourth quarter. CIBC Asset Management Inc now owns 6,568 shares of the company's stock worth $2,381,000 after purchasing an additional 259 shares during the last quarter. Truist Financial Corp grew its holdings in shares of Everest Group by 7,580.7% in the fourth quarter. Truist Financial Corp now owns 92,936 shares of the company's stock worth $33,686,000 after purchasing an additional 91,726 shares during the last quarter. Finally, D.A. Davidson & CO. grew its holdings in shares of Everest Group by 146.1% in the fourth quarter. D.A. Davidson & CO. now owns 2,018 shares of the company's stock worth $732,000 after purchasing an additional 1,198 shares during the last quarter. Institutional investors own 92.64% of the company's stock.

Insider Activity

In other Everest Group news, CEO James Allan Williamson purchased 1,000 shares of the business's stock in a transaction that occurred on Wednesday, June 11th. The shares were bought at an average price of $337.97 per share, for a total transaction of $337,970.00. Following the acquisition, the chief executive officer now owns 25,618 shares in the company, valued at $8,658,115.46. This represents a 4.06% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.10% of the company's stock.

Everest Group Stock Up 1.2%

Shares of EG stock traded up $3.89 during mid-day trading on Friday, hitting $336.79. 1,196,868 shares of the stock traded hands, compared to its average volume of 399,879. The stock has a market cap of $14.32 billion, a P/E ratio of 17.32, a P/E/G ratio of 0.26 and a beta of 0.53. The stock's fifty day moving average is $345.01 and its two-hundred day moving average is $351.07. Everest Group, Ltd. has a 52-week low of $320.00 and a 52-week high of $407.30. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.35 and a quick ratio of 0.35.

Everest Group (NYSE:EG - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $6.45 EPS for the quarter, missing the consensus estimate of $7.46 by ($1.01). The firm had revenue of $4.26 billion for the quarter, compared to analysts' expectations of $3.89 billion. Everest Group had a net margin of 4.88% and a return on equity of 5.95%. The business's quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the previous year, the company posted $16.32 earnings per share. Equities analysts predict 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 was paid on Friday, June 13th. Shareholders of record on Wednesday, May 28th were given a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend was Wednesday, May 28th. Everest Group's payout ratio is 41.15%.

Analyst Upgrades and Downgrades

EG has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods cut their price target on shares of Everest Group from $434.00 to $402.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Janney Montgomery Scott initiated coverage on shares of Everest Group in a research note on Friday. They issued a "buy" rating and a $425.00 price objective for the company. UBS Group lowered their price objective on shares of Everest Group from $375.00 to $372.00 and set a "neutral" rating for the company in a research note on Wednesday, April 9th. Evercore ISI lowered their price objective on shares of Everest Group from $400.00 to $396.00 and set an "in-line" rating for the company in a research note on Thursday, May 1st. Finally, Jefferies Financial Group raised shares of Everest Group from a "hold" rating to a "buy" rating and upped their price objective for the stock from $376.00 to $415.00 in a research note on Friday, April 11th. Six research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $400.33.

Read Our Latest Stock Analysis on EG

About Everest Group

(Free Report)

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.

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Institutional Ownership by Quarter for Everest Group (NYSE:EG)

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