Strs Ohio Takes $23.98 Million Position in Everest Group, Ltd. (NYSE:EG)

Strs Ohio purchased a new stake in shares of Everest Group, Ltd. (NYSE:EG - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 67,821 shares of the company's stock, valued at approximately $23,980,000. Strs Ohio owned about 0.16% of Everest Group as of its most recent filing with the SEC.

A number of other hedge funds have also added to or reduced their stakes in the stock. Assenagon Asset Management S.A. bought a new position in shares of Everest Group during the 4th quarter worth approximately $1,866,000. Red Door Wealth Management LLC bought a new position in shares of Everest Group during the 4th quarter worth approximately $237,000. Uncommon Cents Investing LLC bought a new position in shares of Everest Group during the 4th quarter worth approximately $1,016,000. Traynor Capital Management Inc. bought a new position in shares of Everest Group during the 4th quarter worth approximately $466,000. Finally, Global Retirement Partners LLC bought a new position in shares of Everest Group during the 4th quarter worth approximately $102,000. Institutional investors and hedge funds own 92.64% of the company's stock.

Insider Buying and Selling

In other news, Director Roger M. Singer bought 500 shares of Everest Group stock in a transaction that occurred on Monday, February 12th. The stock was bought at an average cost of $357.21 per share, with a total value of $178,605.00. Following the acquisition, the director now owns 16,920 shares of the company's stock, valued at approximately $6,043,993.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Roger M. Singer bought 500 shares of Everest Group stock in a transaction that occurred on Monday, February 12th. The stock was bought at an average cost of $357.21 per share, with a total value of $178,605.00. Following the acquisition, the director now owns 16,920 shares of the company's stock, valued at approximately $6,043,993.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Mark Kociancic purchased 1,000 shares of the company's stock in a transaction on Friday, February 9th. The stock was acquired at an average price of $349.00 per share, with a total value of $349,000.00. Following the completion of the purchase, the chief financial officer now directly owns 25,733 shares in the company, valued at $8,980,817. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 2,485 shares of company stock valued at $874,786. 1.40% of the stock is owned by corporate insiders.

Everest Group Trading Up 0.1 %

EG stock traded up $0.42 during trading on Tuesday, reaching $359.95. The company had a trading volume of 302,876 shares, compared to its average volume of 370,218. The company has a market cap of $15.61 billion, a P/E ratio of 6.03, a PEG ratio of 3.19 and a beta of 0.56. The business has a 50 day moving average of $376.05 and a 200 day moving average of $380.50. Everest Group, Ltd. has a 52 week low of $331.08 and a 52 week high of $417.92. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.37 and a quick ratio of 0.37.

Everest Group (NYSE:EG - Get Free Report) last released its quarterly earnings results on Wednesday, February 7th. The company reported $25.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $14.63 by $10.55. Everest Group had a return on equity of 25.05% and a net margin of 17.26%. The business had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.85 billion. During the same period in the previous year, the company posted $12.21 EPS. The business's quarterly revenue was up 12.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Everest Group, Ltd. will post 61.21 earnings per share for the current fiscal year.

Everest Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Tuesday, March 19th were issued a $1.75 dividend. This represents a $7.00 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend was Monday, March 18th. Everest Group's dividend payout ratio is 11.72%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on EG shares. Wells Fargo & Company lowered their target price on shares of Everest Group from $402.00 to $397.00 and set an "equal weight" rating on the stock in a report on Thursday, April 11th. Citigroup cut shares of Everest Group from a "buy" rating to a "neutral" rating and lowered their target price for the company from $452.00 to $375.00 in a report on Monday, February 12th. Keefe, Bruyette & Woods boosted their price target on shares of Everest Group from $445.00 to $457.00 and gave the company an "outperform" rating in a research report on Wednesday, April 10th. TD Cowen initiated coverage on shares of Everest Group in a research report on Wednesday, January 10th. They set a "market perform" rating and a $421.00 price target for the company. Finally, Morgan Stanley reduced their price target on shares of Everest Group from $466.00 to $450.00 and set an "overweight" rating for the company in a research report on Monday. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Everest Group presently has an average rating of "Moderate Buy" and a consensus price target of $432.11.

Everest Group 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.