Kestra Private Wealth Services LLC Buys New Stake in Everest Group, Ltd. (NYSE:EG)

Kestra Private Wealth Services LLC bought a new position in shares of Everest Group, Ltd. (NYSE:EG - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 5,457 shares of the company's stock, valued at approximately $1,929,000.

A number of other hedge funds have also bought and sold shares of EG. Allworth Financial LP acquired a new stake in shares of Everest Group during the 4th quarter worth approximately $25,000. Avior Wealth Management LLC bought a new position in Everest Group in the 4th quarter valued at about $25,000. Headlands Technologies LLC bought a new stake in Everest Group during the fourth quarter worth $25,000. Janiczek Wealth Management LLC bought a new position in shares of Everest Group during the fourth quarter valued at about $27,000. Finally, Trifecta Capital Advisors LLC purchased a new stake in Everest Group in the 4th quarter valued at about $28,000. Institutional investors own 92.64% of the company's stock.

Everest Group Price Performance

EG traded down $2.32 during trading on Friday, reaching $369.75. 194,932 shares of the company were exchanged, compared to its average volume of 372,842. The company has a quick ratio of 0.37, a current ratio of 0.35 and a debt-to-equity ratio of 0.25. The company has a market cap of $19.69 billion, a price-to-earnings ratio of 5.53, a P/E/G ratio of 3.26 and a beta of 0.57. Everest Group, Ltd. has a 12-month low of $331.08 and a 12-month high of $417.92. The company's 50-day moving average is $376.03 and its two-hundred day moving average is $378.89.

Everest Group (NYSE:EG - Get Free Report) last issued its quarterly earnings results on Monday, April 29th. The company reported $16.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $15.98 by $0.34. The firm had revenue of $4.13 billion during the quarter, compared to the consensus estimate of $4.05 billion. Everest Group had a return on equity of 24.86% and a net margin of 18.69%. The company's revenue for the quarter was up 25.8% on a year-over-year basis. During the same quarter last year, the company posted $11.31 EPS. Research analysts forecast that Everest Group, Ltd. will post 61.3 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. Investors of record on Tuesday, March 19th were given 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 yield of 1.89%. Everest Group's payout ratio is 10.40%.

Wall Street Analysts Forecast Growth

EG has been the subject of a number of recent analyst reports. Morgan Stanley reduced their price objective 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 shares of 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. TD Cowen began coverage on shares of Everest Group in a report on Wednesday, January 10th. They issued a "market perform" rating and a $421.00 price target on the stock. Citigroup lowered Everest Group from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $452.00 to $375.00 in a report on Monday, February 12th. Finally, Keefe, Bruyette & Woods boosted 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. Three equities research 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $432.11.

Insider Buying and Selling at Everest Group

In related news, CFO Mark Kociancic bought 1,000 shares of the company's stock in a transaction that occurred on Friday, February 9th. The stock was bought at an average cost of $349.00 per share, for a total transaction of $349,000.00. Following the acquisition, the chief financial officer now directly owns 25,733 shares of the company's stock, valued at approximately $8,980,817. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Everest Group news, Director Roger M. Singer acquired 500 shares of the company's stock in a transaction on Monday, February 12th. The stock was acquired at an average price of $357.21 per share, for a total transaction of $178,605.00. Following the acquisition, the director now owns 16,920 shares in the company, valued at approximately $6,043,993.20. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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, for a total transaction of $349,000.00. Following the completion of the purchase, the chief financial officer now directly owns 25,733 shares of the company's stock, valued at approximately $8,980,817. The disclosure for this purchase can be found here. Insiders have acquired 2,485 shares of company stock worth $874,786 over the last ninety days. Insiders own 1.20% of the company's stock.

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.