LSV Asset Management Invests $168.33 Million in Everest Group, Ltd. (NYSE:EG)

LSV Asset Management purchased a new position in shares of Everest Group, Ltd. (NYSE:EG - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 476,069 shares of the company's stock, valued at approximately $168,328,000. LSV Asset Management owned 1.10% of Everest Group at the end of the most recent reporting period.

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

Everest Group Stock Performance

Shares of EG stock traded down $2.42 during trading hours on Friday, reaching $369.65. The stock had a trading volume of 194,932 shares, compared to its average volume of 350,143. The firm has a market capitalization of $19.69 billion, a PE ratio of 5.49, a price-to-earnings-growth ratio of 3.27 and a beta of 0.57. The firm has a 50-day simple moving average of $376.02 and a 200-day simple moving average of $378.44. Everest Group, Ltd. has a twelve month low of $331.08 and a twelve month high of $417.92. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.35 and a quick ratio of 0.37.

Everest Group (NYSE:EG - Get Free Report) last announced its quarterly earnings results on Monday, April 29th. The company reported $16.32 EPS for the quarter, beating the consensus estimate of $15.98 by $0.34. The company had revenue of $4.13 billion for the quarter, compared to analyst estimates of $4.05 billion. Everest Group had a net margin of 18.69% and a return on equity of 24.86%. Everest Group's revenue was up 25.8% compared to the same quarter last year. During the same quarter last year, the business earned $11.31 earnings per share. As a group, equities analysts forecast that Everest Group, Ltd. will post 61.49 earnings per share for the current year.

Everest Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Tuesday, March 19th were given a dividend of $1.75 per share. 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 (DPR) is presently 10.40%.

Insider Transactions at Everest Group

In related news, Director Roger M. Singer bought 500 shares of the firm's stock in a transaction that occurred on Monday, February 12th. The stock was purchased at an average price of $357.21 per share, for a total transaction of $178,605.00. Following the transaction, the director now directly owns 16,920 shares of the company's stock, valued at approximately $6,043,993.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Roger M. Singer bought 500 shares of the company's stock in a transaction that occurred on Monday, February 12th. The shares were purchased at an average price of $357.21 per share, with a total value of $178,605.00. Following the completion of the acquisition, the director now directly owns 16,920 shares in the company, valued at $6,043,993.20. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO James Allan Williamson purchased 700 shares of the firm's stock in a transaction on Friday, February 9th. The shares were purchased at an average cost of $352.50 per share, with a total value of $246,750.00. Following the completion of the purchase, the chief operating officer now owns 11,749 shares in the company, valued at approximately $4,141,522.50. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 2,485 shares of company stock valued at $874,786. 1.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on EG. Citigroup downgraded Everest Group from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $452.00 to $375.00 in a report on Monday, February 12th. Morgan Stanley decreased their price objective 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. Keefe, Bruyette & Woods raised their price target on shares of Everest Group from $445.00 to $457.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 10th. Wells Fargo & Company decreased their price target 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, TD Cowen assumed coverage on shares of Everest Group in a research note on Wednesday, January 10th. They set a "market perform" rating and a $421.00 price objective on the stock. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average 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.