New York State Common Retirement Fund Buys 6,160 Shares of Everest Group, Ltd. (NYSE:EG)

New York State Common Retirement Fund grew its position in Everest Group, Ltd. (NYSE:EG - Free Report) by 16.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,703 shares of the company's stock after buying an additional 6,160 shares during the quarter. New York State Common Retirement Fund owned 0.09% of Everest Group worth $16,242,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Flagship Harbor Advisors LLC raised its position in Everest Group by 3.7% in the first quarter. Flagship Harbor Advisors LLC now owns 843 shares of the company's stock valued at $306,000 after purchasing an additional 30 shares during the last quarter. Legacy Advisors LLC boosted its holdings in shares of Everest Group by 5.5% during the 1st quarter. Legacy Advisors LLC now owns 599 shares of the company's stock worth $218,000 after buying an additional 31 shares in the last quarter. Nissay Asset Management Corp Japan ADV grew its position in shares of Everest Group by 0.7% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 5,315 shares of the company's stock worth $1,913,000 after buying an additional 36 shares during the period. Vontobel Holding Ltd. increased its stake in shares of Everest Group by 2.1% in the 1st quarter. Vontobel Holding Ltd. now owns 1,781 shares of the company's stock valued at $647,000 after acquiring an additional 36 shares in the last quarter. Finally, Van Den Berg Management I Inc. raised its holdings in shares of Everest Group by 0.3% during the fourth quarter. Van Den Berg Management I Inc. now owns 13,462 shares of the company's stock valued at $4,879,000 after purchasing an additional 40 shares during the period. 92.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO James Allan Williamson bought 1,000 shares of the business's stock in a transaction on Wednesday, June 11th. The stock was acquired at an average price of $337.97 per share, for a total transaction of $337,970.00. Following the purchase, the chief executive officer directly owned 25,618 shares in the company, valued at $8,658,115.46. This trade represents a 4.06% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.10% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Jefferies Financial Group upgraded Everest Group from a "hold" rating to a "buy" rating and increased their target price for the stock from $376.00 to $415.00 in a report on Friday, April 11th. Evercore ISI dropped their price target on Everest Group from $400.00 to $396.00 and set an "in-line" rating on the stock in a report on Thursday, May 1st. Morgan Stanley upped their price objective on Everest Group from $330.00 to $350.00 and gave the company an "equal weight" rating in a research note on Monday, May 19th. Keefe, Bruyette & Woods increased their price target on shares of Everest Group from $402.00 to $405.00 and gave the company an "outperform" rating in a research report on Wednesday, July 9th. Finally, Janney Montgomery Scott started coverage on shares of Everest Group in a research report on Friday, June 20th. They issued a "buy" rating and a $425.00 price objective on the stock. Six research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $400.83.

Everest Group Stock Performance

NYSE EG opened at $331.78 on Thursday. The firm has a market cap of $14.11 billion, a P/E ratio of 17.07, a price-to-earnings-growth ratio of 0.26 and a beta of 0.51. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.25. The company's 50 day moving average is $340.45 and its 200-day moving average is $348.29. 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 released its quarterly earnings data 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 net margin of 4.88% and a return on equity of 5.95%. The business had revenue of $4.26 billion during the quarter, compared to analysts' expectations of $3.89 billion. During the same quarter in the prior year, the firm posted $16.32 earnings per share. The firm's quarterly revenue was up 3.1% on a year-over-year basis. Sell-side analysts predict that Everest Group, Ltd. will post 47.93 earnings per share for the current year.

Everest Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Wednesday, May 28th were given a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 2.41%. The ex-dividend date was Wednesday, May 28th. Everest Group's dividend payout ratio (DPR) is presently 41.15%.

Everest Group Company 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.

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