Everest Group, Ltd. $EG is Talaria Asset Management Pty Ltd's 2nd Largest Position

Key Points

• Talaria Asset Management Pty Ltd has increased its stake in Everest Group, Ltd. by 73.5%, acquiring an additional 57,600 shares to own a total of 136,000 shares, making it their second-largest investment.
• Everest Group's stock price has shown fluctuations, currently sitting at $341.21, with a market capitalization of $14.31 billion and a debt-to-equity ratio of 0.24.
• The company announced a quarterly dividend of $2.00 per share, contributing to an annualized dividend yield of 2.3%, which will be paid to shareholders on September 19th.

Talaria Asset Management Pty Ltd raised its position in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 73.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 136,000 shares of the company's stock after purchasing an additional 57,600 shares during the quarter. Everest Group accounts for 16.4% of Talaria Asset Management Pty Ltd's portfolio, making the stock its 2nd largest position. Talaria Asset Management Pty Ltd owned approximately 0.32% of Everest Group worth $49,413,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in EG. Stifel Financial Corp grew its stake in Everest Group by 317.3% during the 4th quarter. Stifel Financial Corp now owns 18,141 shares of the company's stock valued at $6,575,000 after purchasing an additional 13,794 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Everest Group by 9.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 108,269 shares of the company's stock valued at $39,244,000 after buying an additional 9,475 shares during the period. Voya Investment Management LLC lifted its holdings in shares of Everest Group by 7.8% in the 4th quarter. Voya Investment Management LLC now owns 18,895 shares of the company's stock valued at $6,849,000 after buying an additional 1,361 shares during the period. Two Sigma Securities LLC lifted its holdings in shares of Everest Group by 577.2% in the 4th quarter. Two Sigma Securities LLC now owns 772 shares of the company's stock valued at $280,000 after buying an additional 658 shares during the period. Finally, Coldstream Capital Management Inc. lifted its holdings in shares of Everest Group by 35.8% in the 4th quarter. Coldstream Capital Management Inc. now owns 952 shares of the company's stock valued at $345,000 after buying an additional 251 shares during the period. Hedge funds and other institutional investors own 92.64% of the company's stock.

Everest Group Price Performance

NYSE:EG traded up $2.28 during trading hours on Friday, hitting $342.16. 220,932 shares of the stock were exchanged, compared to its average volume of 289,926. Everest Group, Ltd. has a 52-week low of $320.00 and a 52-week high of $407.30. The firm's fifty day moving average price is $336.04 and its 200 day moving average price is $343.52. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.24. The company has a market cap of $14.35 billion, a P/E ratio of 18.16, a P/E/G ratio of 0.25 and a beta of 0.50.

Everest Group (NYSE:EG - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $17.36 EPS for the quarter, topping the consensus estimate of $15.14 by $2.22. Everest Group had a return on equity of 5.89% and a net margin of 4.56%.The company had revenue of $4.49 billion during the quarter, compared to analyst estimates of $4.22 billion. During the same period in the previous year, the business earned $16.85 EPS. Everest Group's quarterly revenue was up 6.2% on a year-over-year basis. As a group, equities research analysts anticipate that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Everest Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Wednesday, September 3rd will be paid a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 2.3%. The ex-dividend date is Wednesday, September 3rd. Everest Group's payout ratio is 42.46%.

Analyst Ratings Changes

Several brokerages have recently issued reports on EG. Morgan Stanley boosted their price objective on Everest Group from $330.00 to $350.00 and gave the company an "equal weight" rating in a report on Monday, May 19th. Citigroup began coverage on Everest Group in a report on Wednesday, August 13th. They issued a "neutral" rating and a $362.00 price objective for the company. Evercore ISI decreased their price objective on Everest Group from $400.00 to $396.00 and set an "in-line" rating for the company in a report on Thursday, May 1st. Cantor Fitzgerald raised Everest Group to a "hold" rating in a report on Wednesday, August 13th. Finally, Keefe, Bruyette & Woods upped their price target on Everest Group from $405.00 to $416.00 and gave the stock an "outperform" rating in a report on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, Everest Group presently has a consensus rating of "Moderate Buy" and an average price target of $397.14.

Insider Buying and Selling

In other news, CEO James Allan Williamson acquired 1,000 shares of the business's stock in a transaction on Wednesday, June 11th. The stock was bought at an average cost of $337.97 per share, for a total transaction of $337,970.00. Following the purchase, the chief executive officer owned 25,618 shares in the company, valued at approximately $8,658,115.46. This represents a 4.06% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.10% of the company's stock.

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.