World Investment Advisors Buys 765 Shares of Everest Group, Ltd. (NYSE:EG)

World Investment Advisors boosted its stake in Everest Group, Ltd. (NYSE:EG - Free Report) by 72.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,827 shares of the company's stock after acquiring an additional 765 shares during the quarter. World Investment Advisors' holdings in Everest Group were worth $664,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in EG. Truist Financial Corp lifted its position in Everest Group by 16.9% during the 1st quarter. Truist Financial Corp now owns 108,596 shares of the company's stock worth $39,456,000 after buying an additional 15,660 shares in the last quarter. IFM Investors Pty Ltd increased its stake in shares of Everest Group by 2.5% during the 1st quarter. IFM Investors Pty Ltd now owns 11,208 shares of the company's stock worth $4,392,000 after purchasing an additional 273 shares during the last quarter. MBA Advisors LLC acquired a new position in shares of Everest Group during the 1st quarter worth about $443,000. D.A. Davidson & CO. increased its stake in shares of Everest Group by 31.4% during the 1st quarter. D.A. Davidson & CO. now owns 2,652 shares of the company's stock worth $964,000 after purchasing an additional 634 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Everest Group by 7.9% during the 1st quarter. Principal Financial Group Inc. now owns 55,123 shares of the company's stock worth $20,028,000 after purchasing an additional 4,021 shares during the last quarter. 92.64% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on EG. Keefe, Bruyette & Woods boosted their price objective on shares of Everest Group from $402.00 to $405.00 and gave the stock an "outperform" rating in a research note on Wednesday. Wells Fargo & Company decreased 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 note on Tuesday, May 6th. Evercore ISI decreased their price target on shares of Everest Group from $400.00 to $396.00 and set an "in-line" rating on the stock in a research note on Thursday, May 1st. 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 research note on Monday. Finally, Jefferies Financial Group upgraded shares of Everest Group from a "hold" rating to a "buy" rating and upped their price target for the company from $376.00 to $415.00 in a research note on Friday, April 11th. Six investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Everest Group has an average rating of "Moderate Buy" and an average price target of $400.75.

Everest Group Stock Performance

Shares of NYSE:EG traded down $1.35 on Wednesday, reaching $340.07. 282,577 shares of the company's stock were exchanged, compared to its average volume of 403,762. The company has a fifty day moving average of $341.60 and a 200-day moving average of $349.20. Everest Group, Ltd. has a twelve month low of $320.00 and a twelve month high of $407.30. The company has a market capitalization of $14.46 billion, a price-to-earnings ratio of 17.49, a PEG ratio of 0.26 and a beta of 0.51. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.25.

Everest Group (NYSE:EG - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $6.45 earnings per share for the quarter, missing analysts' consensus estimates of $7.46 by ($1.01). The firm 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 5.95% and a net margin of 4.88%. The business's revenue was up 3.1% on a year-over-year basis. During the same period last year, the company posted $16.32 EPS. On average, research analysts predict that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Everest Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Wednesday, May 28th were paid a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 2.35%. The ex-dividend date was Wednesday, May 28th. Everest Group's payout ratio is 41.15%.

Insider Buying and Selling

In related news, CEO James Allan Williamson acquired 1,000 shares of the company's stock in a transaction that occurred on Wednesday, June 11th. The stock was acquired at an average price of $337.97 per share, with a total value of $337,970.00. Following the purchase, the chief executive officer directly owned 25,618 shares in the company, valued at approximately $8,658,115.46. This trade represents a 4.06% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is currently owned by insiders.

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.