Toronto Dominion Bank Purchases 1,430 Shares of Everest Group, Ltd. (NYSE:EG)

Toronto Dominion Bank grew its holdings in Everest Group, Ltd. (NYSE:EG - Free Report) by 6.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 23,015 shares of the company's stock after purchasing an additional 1,430 shares during the quarter. Toronto Dominion Bank owned approximately 0.05% of Everest Group worth $8,342,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of EG. Sunbelt Securities Inc. bought a new stake in shares of Everest Group in the 4th quarter valued at about $29,000. SBI Securities Co. Ltd. bought a new stake in Everest Group in the 4th quarter valued at $31,000. Optiver Holding B.V. bought a new position in shares of Everest Group during the fourth quarter worth about $51,000. Wilmington Savings Fund Society FSB boosted its holdings in Everest Group by 19.6% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 195 shares of the company's stock worth $71,000 after purchasing an additional 32 shares during the last quarter. Finally, Private Trust Co. NA increased its stake in Everest Group by 48.5% in the 4th quarter. Private Trust Co. NA now owns 196 shares of the company's stock valued at $71,000 after buying an additional 64 shares during the last quarter. Institutional investors and hedge funds own 92.64% of the company's stock.

Everest Group Price Performance

Everest Group stock traded down $0.11 during trading hours on Tuesday, reaching $351.63. 379,653 shares of the stock were exchanged, compared to its average volume of 388,799. The stock has a 50 day moving average of $347.70 and a two-hundred day moving average of $355.17. Everest Group, Ltd. has a twelve month low of $320.00 and a twelve month high of $407.30. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.26. The company has a market cap of $14.96 billion, a P/E ratio of 11.19, a price-to-earnings-growth ratio of 0.24 and a beta of 0.53.

Everest Group (NYSE:EG - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $6.45 EPS for the quarter, missing the consensus estimate of $7.46 by ($1.01). The firm had revenue of $4.26 billion for the quarter, compared to analyst estimates of $3.89 billion. Everest Group had a net margin of 7.95% and a return on equity of 9.04%. The firm's revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $16.32 earnings per share. Equities analysts expect that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Everest Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Wednesday, May 28th will be issued a dividend of $2.00 per share. The ex-dividend date is Wednesday, May 28th. This represents a $8.00 annualized dividend and a dividend yield of 2.28%. Everest Group's dividend payout ratio (DPR) is presently 41.15%.

Insider Activity

In related news, Director Geraldine Losquadro sold 1,500 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $360.63, for a total value of $540,945.00. Following the sale, the director now directly owns 12,279 shares in the company, valued at $4,428,175.77. This represents a 10.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on EG shares. 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 research note on Wednesday, April 9th. Evercore ISI reduced their price target 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. Barclays dropped their price objective on Everest Group from $470.00 to $394.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Jefferies Financial Group upgraded Everest Group from a "hold" rating to a "buy" rating and lifted their target price for the stock from $376.00 to $415.00 in a research note on Friday, April 11th. Finally, Keefe, Bruyette & Woods dropped their price target on Everest Group from $434.00 to $402.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Six equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $398.09.

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.