Poehling Capital Management INC. Acquires New Shares 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 filing with the SEC. The institutional investor acquired 3,192 shares of the company's stock, valued at approximately $1,160,000.

Several other hedge funds have also modified their holdings of the stock. Massachusetts Financial Services Co. MA increased its position in shares of Everest Group by 11.4% in the first quarter. Massachusetts Financial Services Co. MA now owns 552,972 shares of the company's stock worth $200,911,000 after acquiring an additional 56,410 shares in the last quarter. New York State Common Retirement Fund raised its stake in shares of Everest Group by 16.0% during the first quarter. New York State Common Retirement Fund now owns 44,703 shares of the company's stock valued at $16,242,000 after purchasing an additional 6,160 shares during the period. Xponance Inc. lifted its position in shares of Everest Group by 0.9% during the first quarter. Xponance Inc. now owns 7,196 shares of the company's stock worth $2,615,000 after purchasing an additional 67 shares in the last quarter. Croban acquired a new stake in Everest Group during the 1st quarter valued at $788,000. Finally, Capital Insight Partners LLC lifted its holdings in Everest Group by 5.7% in the 1st quarter. Capital Insight Partners LLC now owns 2,181 shares of the company's stock worth $792,000 after buying an additional 118 shares in the last quarter. 92.64% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Everest Group news, CEO James Allan Williamson bought 1,000 shares of the business's stock in a transaction on Wednesday, June 11th. The shares were bought at an average cost of $337.97 per share, for a total transaction of $337,970.00. Following the transaction, the chief executive officer owned 25,618 shares in the company, valued at approximately $8,658,115.46. This trade represents a 4.06% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Wells Fargo & Company set a $362.00 target price on Everest Group and gave the stock an "equal weight" rating in a research report on Thursday, July 10th. Barclays upped their price target on shares of Everest Group from $394.00 to $398.00 and gave the company an "overweight" rating in a report on Monday, July 7th. Evercore ISI dropped their target price on shares of Everest Group from $400.00 to $396.00 and set an "in-line" rating for the company in a research report on Thursday, May 1st. Keefe, Bruyette & Woods lifted their price target on Everest Group from $402.00 to $405.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 9th. Finally, Jefferies Financial Group upgraded Everest Group from a "hold" rating to a "buy" rating and boosted their price target for the company from $376.00 to $415.00 in a report on Friday, April 11th. 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 stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $400.83.

Everest Group Stock Performance

NYSE EG traded down $10.59 during midday trading on Tuesday, hitting $330.46. The company had a trading volume of 324,960 shares, compared to its average volume of 404,994. The firm has a fifty day simple moving average of $341.09 and a two-hundred day simple moving average of $348.66. Everest Group, Ltd. has a fifty-two week low of $320.00 and a fifty-two week high of $407.30. 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 stock has a market cap of $14.05 billion, a price-to-earnings ratio of 17.00, a P/E/G ratio of 0.27 and a beta of 0.51.

Everest Group (NYSE:EG - Get Free Report) last released 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 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 the consensus estimate of $3.89 billion. During the same period in the prior year, the firm earned $16.32 earnings per share. The business's quarterly revenue was up 3.1% compared to the same quarter last year. Equities analysts forecast that Everest Group, Ltd. will post 47.93 earnings per share for the current fiscal year.

Everest Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Wednesday, May 28th were paid a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend was Wednesday, May 28th. Everest Group's dividend payout ratio (DPR) is presently 41.15%.

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.