Dupree Financial Group LLC Takes $4.85 Million Position in Everest Group, Ltd. (NYSE:EG)

Dupree Financial Group LLC bought a new position in shares of Everest Group, Ltd. (NYSE:EG - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 13,713 shares of the company's stock, valued at approximately $4,849,000. Everest Group comprises approximately 2.4% of Dupree Financial Group LLC's investment portfolio, making the stock its 19th largest holding.

Other large investors have also bought and sold shares of the company. Allworth Financial LP bought a new position in Everest Group during the 4th quarter worth $25,000. Avior Wealth Management LLC acquired a new stake in shares of Everest Group in the 4th quarter valued at about $25,000. Janiczek Wealth Management LLC acquired a new stake in shares of Everest Group in the 4th quarter valued at about $27,000. Trifecta Capital Advisors LLC acquired a new stake in shares of Everest Group in the 4th quarter valued at about $28,000. Finally, Cambridge Trust Co. acquired a new stake in shares of Everest Group in the 4th quarter valued at about $32,000. 92.64% of the stock is owned by institutional investors.

Everest Group Stock Performance

Shares of NYSE EG traded up $10.05 during midday trading on Friday, reaching $370.26. The company's stock had a trading volume of 425,229 shares, compared to its average volume of 273,232. Everest Group, Ltd. has a 12-month low of $331.08 and a 12-month high of $417.92. The firm has a 50 day moving average price of $375.96 and a 200-day moving average price of $380.18. The stock has a market capitalization of $19.72 billion, a P/E ratio of 6.20, a PEG ratio of 3.27 and a beta of 0.56. 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 posted its quarterly earnings results on Wednesday, February 7th. The company reported $25.18 EPS for the quarter, topping analysts' consensus estimates 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 revenue was up 12.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $12.21 EPS. As a group, equities analysts predict that Everest Group, Ltd. will post 61.21 earnings per share for the current year.

Everest Group Announces Dividend

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

Insider Buying and Selling

In related news, Director Roger M. Singer purchased 500 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were bought at an average price 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Everest Group news, COO James Allan Williamson bought 700 shares of the stock in a transaction on Friday, February 9th. The shares were acquired at an average price of $352.50 per share, with a total value of $246,750.00. Following the acquisition, the chief operating officer now directly owns 11,749 shares of the company's stock, valued at approximately $4,141,522.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Roger M. Singer bought 500 shares of the stock in a transaction on Monday, February 12th. The shares were acquired at an average cost of $357.21 per share, for a total transaction of $178,605.00. Following the acquisition, the director now directly owns 16,920 shares in the company, valued at $6,043,993.20. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 2,485 shares of company stock valued at $874,786. 1.40% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently commented on EG. Keefe, Bruyette & Woods raised their target price on Everest Group from $445.00 to $457.00 and gave the company an "outperform" rating in a research note on Wednesday, April 10th. Morgan Stanley reduced their target price on Everest Group from $466.00 to $450.00 and set an "overweight" rating for the company in a research note on Monday, April 15th. Wells Fargo & Company reduced their target price on Everest Group from $402.00 to $397.00 and set an "equal weight" rating for the company in a research note on Thursday, April 11th. Citigroup downgraded Everest Group from a "buy" rating to a "neutral" rating and reduced their target price for the company from $452.00 to $375.00 in a research note on Monday, February 12th. Finally, TD Cowen initiated coverage on Everest Group in a research note on Wednesday, January 10th. They set a "market perform" rating and a $421.00 price target for the company. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $432.11.

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.