40,998 Shares in Everest Group, Ltd. (NYSE:EG) Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Everest Group, Ltd. (NYSE:EG - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 40,998 shares of the company's stock, valued at approximately $14,496,000. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.09% of Everest Group at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of EG. Allworth Financial LP bought a new position in shares of Everest Group in the 4th quarter valued at about $25,000. Janiczek Wealth Management LLC acquired a new position in Everest Group during the 4th quarter worth approximately $27,000. Trifecta Capital Advisors LLC bought a new position in shares of Everest Group in the 4th quarter valued at $28,000. Toth Financial Advisory Corp bought a new position in Everest Group in the fourth quarter valued at about $46,000. Finally, Sentry Investment Management LLC bought a new stake in Everest Group during the 4th quarter worth approximately $80,000. Institutional investors own 92.64% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on EG. Wells Fargo & Company lowered their price objective on Everest Group from $402.00 to $397.00 and set an "equal weight" rating for the company in a research report on Thursday, April 11th. Keefe, Bruyette & Woods increased their target price on shares of Everest Group from $445.00 to $457.00 and gave the company an "outperform" rating in a report on Wednesday, April 10th. TD Cowen started coverage on Everest Group in a research report on Wednesday, January 10th. They set a "market perform" rating and a $421.00 target price for the company. Citigroup downgraded Everest Group from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $452.00 to $375.00 in a research note on Monday, February 12th. Finally, Morgan Stanley reduced their target price on shares of Everest Group from $466.00 to $450.00 and set an "overweight" rating for the company in a research note on Monday. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $432.11.

Insider Buying and Selling

In related news, CFO Mark Kociancic acquired 1,000 shares of Everest Group stock in a transaction on Friday, February 9th. The stock was acquired at an average price of $349.00 per share, for a total transaction of $349,000.00. Following the purchase, the chief financial officer now owns 25,733 shares of the company's stock, valued at approximately $8,980,817. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Everest Group news, CFO Mark Kociancic bought 1,000 shares of the stock in a transaction on Friday, February 9th. The shares were bought at an average price of $349.00 per share, with a total value of $349,000.00. Following the purchase, the chief financial officer now directly owns 25,733 shares in the company, valued at approximately $8,980,817. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mike Karmilowicz bought 285 shares of the business's stock in a transaction on Friday, February 9th. The shares were acquired at an average cost of $352.39 per share, with a total value of $100,431.15. Following the purchase, the chief executive officer now owns 10,586 shares of the company's stock, valued at $3,730,400.54. The disclosure for this purchase can be found here. Insiders have acquired a total of 2,485 shares of company stock worth $874,786 in the last ninety days. 1.40% of the stock is owned by insiders.

Everest Group Price Performance

EG stock traded up $10.05 during trading on Friday, reaching $370.26. The company's stock had a trading volume of 425,229 shares, compared to its average volume of 372,419. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.26. Everest Group, Ltd. has a 1 year low of $331.08 and a 1 year high of $417.92. The company's fifty day moving average is $375.63 and its 200-day moving average is $380.20. The company has a market capitalization of $19.72 billion, a P/E ratio of 6.15, a price-to-earnings-growth ratio of 3.15 and a beta of 0.56.

Everest Group (NYSE:EG - Get Free Report) last announced its quarterly earnings results on Wednesday, February 7th. The company reported $25.18 earnings per share for the quarter, topping the consensus estimate of $14.63 by $10.55. The company had revenue of $3.66 billion for the quarter, compared to analysts' expectations of $3.85 billion. Everest Group had a net margin of 17.26% and a return on equity of 25.05%. Everest Group's quarterly revenue was up 12.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $12.21 earnings per share. On average, research analysts expect that Everest Group, Ltd. will post 61.21 earnings per share for the current fiscal year.

Everest Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Tuesday, March 19th were issued a $1.75 dividend. The ex-dividend date was Monday, March 18th. This represents a $7.00 dividend on an annualized basis and a yield of 1.89%. Everest Group's dividend payout ratio is presently 11.72%.

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.