Sone Capital Management LLC Invests $9.84 Million in Everest Group, Ltd. (NYSE:EG)

Sone Capital Management LLC acquired a new stake in Everest Group, Ltd. (NYSE:EG - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 27,160 shares of the company's stock, valued at approximately $9,844,000. Everest Group comprises 1.2% of Sone Capital Management LLC's holdings, making the stock its 29th biggest position. Sone Capital Management LLC owned approximately 0.06% of Everest Group at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in EG. Two Sigma Advisers LP increased its position in Everest Group by 230.4% in the 4th quarter. Two Sigma Advisers LP now owns 68,400 shares of the company's stock valued at $24,792,000 after acquiring an additional 47,700 shares during the period. Two Sigma Investments LP grew its stake in shares of Everest Group by 52.6% in the fourth quarter. Two Sigma Investments LP now owns 146,888 shares of the company's stock worth $53,241,000 after purchasing an additional 50,648 shares during the last quarter. Tidal Investments LLC increased its holdings in Everest Group by 4.6% in the fourth quarter. Tidal Investments LLC now owns 3,373 shares of the company's stock valued at $1,223,000 after purchasing an additional 148 shares during the period. Teza Capital Management LLC raised its position in Everest Group by 992.8% during the 4th quarter. Teza Capital Management LLC now owns 46,107 shares of the company's stock worth $16,712,000 after purchasing an additional 41,888 shares during the last quarter. Finally, State of Wyoming lifted its holdings in Everest Group by 117.1% during the 4th quarter. State of Wyoming now owns 1,663 shares of the company's stock worth $603,000 after buying an additional 897 shares during the period. Institutional investors own 92.64% of the company's stock.

Everest Group Stock Up 1.3%

Shares of NYSE EG opened at $348.22 on Monday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.26. The firm has a market cap of $14.81 billion, a PE ratio of 11.09, a P/E/G ratio of 0.24 and a beta of 0.58. The company's fifty day simple moving average is $351.38 and its 200 day simple moving average is $356.81. 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 (EPS) for the quarter, missing analysts' consensus estimates of $7.46 by ($1.01). The company had revenue of $4.26 billion for the quarter, compared to the consensus estimate of $3.89 billion. Everest Group had a return on equity of 9.04% and a net margin of 7.95%. Everest Group's revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period last year, the company earned $16.32 EPS. As a group, sell-side analysts forecast that Everest Group, Ltd. will post 47.93 earnings per share for the current fiscal year.

Everest Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Wednesday, May 28th will be paid a $2.00 dividend. The ex-dividend date is Wednesday, May 28th. This represents a $8.00 dividend on an annualized basis and a yield of 2.30%. Everest Group's dividend payout ratio (DPR) is presently 41.15%.

Insider Activity

In other Everest Group news, Director Geraldine Losquadro sold 1,500 shares of the firm's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $360.63, for a total value of $540,945.00. Following the transaction, the director now directly owns 12,279 shares of the company's stock, valued at approximately $4,428,175.77. This trade represents a 10.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

EG has been the subject of several recent research reports. Raymond James reissued a "strong-buy" rating and issued a $410.00 price target (down previously from $420.00) on shares of Everest Group in a research note on Tuesday, May 6th. Jefferies Financial Group raised shares of Everest Group from a "hold" rating to a "buy" rating and increased their target price for the company from $376.00 to $415.00 in a research report on Friday, April 11th. Wells Fargo & Company dropped their price target on shares of Everest Group from $362.00 to $361.00 and set an "equal weight" rating on the stock in a research report on Tuesday, May 6th. Evercore ISI decreased 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 report on Thursday, May 1st. Finally, Barclays lowered their target price on shares of Everest Group from $470.00 to $394.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Six analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Everest Group presently has an average rating of "Moderate Buy" and an average price target of $397.18.

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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