Jefferies Financial Group Inc. Purchases Shares of 13,162 Everest Group, Ltd. (NYSE:EG)

Jefferies Financial Group Inc. acquired a new stake in Everest Group, Ltd. (NYSE:EG - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 13,162 shares of the company's stock, valued at approximately $4,771,000.

Several other hedge funds also recently modified their holdings of the stock. Dakota Wealth Management increased its stake in shares of Everest Group by 1.7% in the 4th quarter. Dakota Wealth Management now owns 1,945 shares of the company's stock valued at $705,000 after acquiring an additional 32 shares in the last quarter. Wilmington Savings Fund Society FSB increased its stake in Everest Group by 19.6% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 195 shares of the company's stock valued at $71,000 after purchasing an additional 32 shares in the last quarter. Steph & Co. increased its stake in Everest Group by 10.6% during the 4th quarter. Steph & Co. now owns 366 shares of the company's stock valued at $133,000 after purchasing an additional 35 shares in the last quarter. Lester Murray Antman dba SimplyRich increased its stake in Everest Group by 2.7% during the 4th quarter. Lester Murray Antman dba SimplyRich now owns 1,328 shares of the company's stock valued at $481,000 after purchasing an additional 35 shares in the last quarter. Finally, Foundations Investment Advisors LLC increased its stake in Everest Group by 5.9% during the 4th quarter. Foundations Investment Advisors LLC now owns 661 shares of the company's stock valued at $239,000 after purchasing an additional 37 shares in the last quarter. Institutional investors own 92.64% of the company's stock.

Insider Buying and Selling

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

Everest Group Price Performance

Shares of EG traded up $4.33 during midday trading on Friday, hitting $348.22. 417,176 shares of the company traded hands, compared to its average volume of 380,335. The stock has a 50-day moving average of $351.50 and a 200-day moving average of $357.16. Everest Group, Ltd. has a one year low of $320.00 and a one year high of $407.30. The firm has a market cap of $14.81 billion, a P/E ratio of 11.09, a PEG ratio of 0.24 and a beta of 0.58. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.40 and a quick ratio of 0.40.

Everest Group (NYSE:EG - Get Free Report) last announced 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 the consensus estimate of $3.89 billion. Everest Group had a net margin of 7.95% and a return on equity of 9.04%. The company's quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $16.32 earnings per share. As a group, sell-side 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 will be paid on Friday, June 13th. Investors of record on Wednesday, May 28th will be given a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 2.30%. The ex-dividend date is Wednesday, May 28th. Everest Group's dividend payout ratio (DPR) is 41.15%.

Analysts Set New Price Targets

EG has been the subject of a number of recent research reports. UBS Group decreased 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. Raymond James reissued a "strong-buy" rating and set a $410.00 target price (down previously from $420.00) on shares of Everest Group in a research report on Tuesday, May 6th. Jefferies Financial Group raised shares of 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 report on Friday, April 11th. Evercore ISI dropped their target price on shares of Everest Group from $400.00 to $396.00 and set an "in-line" rating on the stock in a research report on Thursday, May 1st. Finally, Barclays dropped their target price on shares of Everest Group from $470.00 to $394.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Six analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $397.18.

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.