Poehling Capital Management INC. Takes $1.16 Million Position in Everest Group, Ltd. (NYSE:EG)

Poehling Capital Management INC. acquired a new position in shares of Everest Group, Ltd. (NYSE:EG - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 3,192 shares of the company's stock, valued at approximately $1,160,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of EG. Sunbelt Securities Inc. purchased a new stake in Everest Group during the 4th quarter worth approximately $29,000. Tsfg LLC bought a new stake in shares of Everest Group in the 1st quarter valued at approximately $33,000. Optiver Holding B.V. bought a new stake in shares of Everest Group in the 4th quarter valued at approximately $51,000. Bruce G. Allen Investments LLC increased its holdings in shares of Everest Group by 79.1% in the 1st quarter. Bruce G. Allen Investments LLC now owns 154 shares of the company's stock valued at $56,000 after acquiring an additional 68 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings 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 valued at $76,000 after acquiring an additional 64 shares during the last quarter. 92.64% of the stock is currently owned by hedge funds and other institutional investors.

Everest Group Stock Performance

EG stock traded down $0.59 during trading on Friday, reaching $333.41. 101,719 shares of the company's stock were exchanged, compared to its average volume of 403,707. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.25. Everest Group, Ltd. has a 1-year low of $320.00 and a 1-year high of $407.30. The company's fifty day moving average price is $340.19 and its 200-day moving average price is $348.11. The firm has a market cap of $14.18 billion, a PE ratio of 17.15, a P/E/G ratio of 0.26 and a beta of 0.51.

Everest Group (NYSE:EG - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $6.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $7.46 by ($1.01). Everest Group had a return on equity of 5.95% and a net margin of 4.88%. The business had revenue of $4.26 billion for the quarter, compared to analyst estimates of $3.89 billion. During the same quarter last year, the firm posted $16.32 EPS. The company's revenue was up 3.1% compared to the same quarter last year. On average, research analysts expect that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Everest Group Dividend Announcement

The firm 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. The ex-dividend date was Wednesday, May 28th. This represents a $8.00 dividend on an annualized basis and a yield of 2.40%. Everest Group's dividend payout ratio (DPR) is presently 41.15%.

Analysts Set New Price Targets

EG has been the subject of a number of research analyst reports. Barclays boosted their price target on Everest Group from $394.00 to $398.00 and gave the company an "overweight" rating in a report on Monday, July 7th. Wells Fargo & Company set a $362.00 price target on Everest Group and gave the company an "equal weight" rating in a report on Thursday, July 10th. Raymond James Financial restated 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. Jefferies Financial Group upgraded 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. Finally, Keefe, Bruyette & Woods upped their price objective on Everest Group from $402.00 to $405.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 9th. Six research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Everest Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $400.83.

Insider Transactions at Everest Group

In other news, CEO James Allan Williamson acquired 1,000 shares of the business's stock in a transaction dated 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 completion of the acquisition, the chief executive officer directly owned 25,618 shares in the company, valued at $8,658,115.46. This represents a 4.06% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.10% of the company's stock.

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.