California First Leasing Corp Buys Shares of 5,040 Everest Group, Ltd. (NYSE:EG)

California First Leasing Corp bought a new stake in shares of Everest Group, Ltd. (NYSE:EG - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 5,040 shares of the company's stock, valued at approximately $1,782,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Everence Capital Management Inc. acquired a new stake in shares of Everest Group during the 4th quarter worth about $1,004,000. OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in shares of Everest Group during the 4th quarter worth about $904,000. Daiwa Securities Group Inc. acquired a new stake in shares of Everest Group during the 4th quarter worth about $1,400,000. Uncommon Cents Investing LLC acquired a new stake in shares of Everest Group during the 4th quarter worth about $1,016,000. Finally, Mackenzie Financial Corp acquired a new stake in shares of Everest Group during the 4th quarter worth about $15,446,000. 92.64% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on EG shares. Citigroup cut shares of Everest Group from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $452.00 to $375.00 in a research note on Monday, February 12th. Keefe, Bruyette & Woods boosted 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 initiated coverage on shares of Everest Group in a report on Wednesday, January 10th. They issued a "market perform" rating and a $421.00 target price for the company. Wells Fargo & Company lowered their target price on shares of Everest Group from $402.00 to $397.00 and set an "equal weight" rating for the company in a report on Thursday, April 11th. Finally, Morgan Stanley lowered their target price on shares of Everest Group from $466.00 to $450.00 and set an "overweight" rating for the company in a report on Monday, April 15th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Everest Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $432.11.

Everest Group Trading Down 0.3 %

EG traded down $1.06 during trading on Friday, hitting $364.70. 294,127 shares of the company's stock were exchanged, compared to its average volume of 367,693. The company has a current ratio of 0.37, a quick 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 stock has a 50 day moving average price of $375.92 and a 200 day moving average price of $379.71. The firm has a market cap of $19.42 billion, a P/E ratio of 6.11, a price-to-earnings-growth ratio of 3.23 and a beta of 0.56.

Everest Group (NYSE:EG - Get Free Report) last released its quarterly earnings data on Wednesday, February 7th. The company reported $25.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $14.63 by $10.55. Everest Group had a net margin of 17.26% and a return on equity of 25.05%. The company 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 firm earned $12.21 earnings per share. Everest Group's revenue for the quarter was up 12.4% on a year-over-year basis. As a group, analysts expect that Everest Group, Ltd. will post 61.21 EPS for the current fiscal year.

Everest Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Tuesday, March 19th were paid a dividend of $1.75 per share. The ex-dividend date of this dividend was Monday, March 18th. This represents a $7.00 annualized dividend and a yield of 1.92%. Everest Group's dividend payout ratio is currently 11.72%.

Insiders Place Their Bets

In other news, CFO Mark Kociancic bought 1,000 shares of Everest Group stock in a transaction dated Friday, February 9th. The shares were acquired at an average cost of $349.00 per share, with a total value of $349,000.00. Following the completion of the transaction, the chief financial officer now owns 25,733 shares in the company, valued at approximately $8,980,817. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CFO Mark Kociancic bought 1,000 shares of Everest Group stock in a transaction dated Friday, February 9th. The shares were acquired at an average cost of $349.00 per share, with a total value of $349,000.00. Following the completion of the transaction, the chief financial officer now owns 25,733 shares in the company, valued at approximately $8,980,817. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO James Allan Williamson bought 700 shares of Everest Group stock in a transaction dated Friday, February 9th. The shares were purchased at an average cost of $352.50 per share, for a total transaction of $246,750.00. Following the completion of the transaction, the chief operating officer now owns 11,749 shares of the company's stock, valued at approximately $4,141,522.50. The disclosure for this purchase can be found here. Insiders acquired a total of 2,485 shares of company stock worth $874,786 over the last ninety days. 1.20% of the stock is owned by company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.