RFG Advisory LLC Makes New Investment in Everest Group, Ltd. (NYSE:EG)

RFG Advisory LLC bought a new position in shares of Everest Group, Ltd. (NYSE:EG - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 758 shares of the company's stock, valued at approximately $275,000.

Other large investors also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in Everest Group by 39.9% during the fourth quarter. JPMorgan Chase & Co. now owns 109,775 shares of the company's stock valued at $39,789,000 after purchasing an additional 31,306 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in Everest Group by 25.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 12,055 shares of the company's stock valued at $4,369,000 after purchasing an additional 2,438 shares during the last quarter. Brandywine Global Investment Management LLC increased its stake in Everest Group by 108.5% during the fourth quarter. Brandywine Global Investment Management LLC now owns 12,423 shares of the company's stock valued at $4,503,000 after purchasing an additional 6,466 shares during the last quarter. Atria Wealth Solutions Inc. bought a new stake in Everest Group during the fourth quarter valued at $325,000. Finally, Johnson Investment Counsel Inc. boosted its holdings in shares of Everest Group by 5.1% during the fourth quarter. Johnson Investment Counsel Inc. now owns 186,327 shares of the company's stock valued at $67,536,000 after acquiring an additional 8,984 shares during the period. Institutional investors own 92.64% of the company's stock.

Everest Group Stock Down 0.3%

NYSE EG traded down $0.90 during trading on Wednesday, hitting $335.39. The stock had a trading volume of 284,858 shares, compared to its average volume of 392,275. The company has a market capitalization of $14.27 billion, a PE ratio of 10.68, a P/E/G ratio of 0.24 and a beta of 0.53. The company's 50-day moving average price is $345.55 and its two-hundred day moving average price is $353.77. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.40 and a current ratio of 0.40. 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 posted its quarterly earnings results on Wednesday, April 30th. The company reported $6.45 earnings per share for the quarter, missing the consensus estimate of $7.46 by ($1.01). The company had revenue of $4.26 billion for the quarter, compared to analyst estimates of $3.89 billion. Everest Group had a return on equity of 9.04% and a net margin of 7.95%. The firm's revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period last year, the firm earned $16.32 EPS. As a group, sell-side analysts forecast that Everest Group, Ltd. will post 47.93 EPS for the current year.

Everest Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Wednesday, May 28th will be paid a $2.00 dividend. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $8.00 annualized dividend and a yield of 2.39%. Everest Group's dividend payout ratio (DPR) is presently 41.15%.

Insider Activity at Everest Group

In other news, Director Geraldine Losquadro sold 1,500 shares of the company's stock in a transaction 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 completion of the sale, the director now directly owns 12,279 shares in the company, valued at approximately $4,428,175.77. This represents a 10.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on EG. Raymond James reaffirmed a "strong-buy" rating and issued a $410.00 price objective (down previously from $420.00) on shares of Everest Group in a report on Tuesday, May 6th. Barclays cut their price target on shares of Everest Group from $470.00 to $394.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Keefe, Bruyette & Woods cut their price target on shares of Everest Group from $434.00 to $402.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Evercore ISI cut their price target on shares of Everest Group from $400.00 to $396.00 and set an "in-line" rating for the company in a report on Thursday, May 1st. Finally, UBS Group cut their price target on shares of Everest Group from $375.00 to $372.00 and set a "neutral" rating for the company in a report on Wednesday, April 9th. Six analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Everest Group currently has a consensus rating of "Moderate Buy" and an average target price 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.