Avidian Wealth Solutions LLC Makes New Investment in Everest Group, Ltd. (NYSE:EG)

Avidian Wealth Solutions LLC purchased a new stake in shares of Everest Group, Ltd. (NYSE:EG - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 2,363 shares of the company's stock, valued at approximately $836,000.

Several other large investors have also made changes to their positions in EG. Allworth Financial LP bought a new stake in shares of Everest Group during the 4th quarter worth about $25,000. Avior Wealth Management LLC acquired a new stake in shares of Everest Group in the fourth quarter worth $25,000. Headlands Technologies LLC acquired a new stake in shares of Everest Group in the fourth quarter worth $25,000. Janiczek Wealth Management LLC acquired a new position in Everest Group in the 4th quarter valued at $27,000. Finally, Trifecta Capital Advisors LLC bought a new position in Everest Group in the 4th quarter worth $28,000. Institutional investors own 92.64% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on EG shares. 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. Keefe, Bruyette & Woods increased their price target 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. Morgan Stanley dropped their price objective on shares of Everest Group from $466.00 to $450.00 and set an "overweight" rating on the stock in a report on Monday, April 15th. Citigroup cut shares of 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 started coverage on Everest Group in a research note on Wednesday, January 10th. They set a "market perform" rating and a $421.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $432.11.

Insider Transactions at Everest Group

In other Everest Group news, CFO Mark Kociancic bought 1,000 shares of the firm's stock in a transaction dated Friday, February 9th. The shares were bought at an average price of $349.00 per share, for a total transaction of $349,000.00. Following the completion of the acquisition, the chief financial officer now owns 25,733 shares of the company's stock, valued at $8,980,817. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Mike Karmilowicz acquired 285 shares of the firm's stock in a transaction on Friday, February 9th. The shares were purchased at an average cost of $352.39 per share, for a total transaction of $100,431.15. Following the transaction, the chief executive officer now owns 10,586 shares of the company's stock, valued at $3,730,400.54. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Mark Kociancic acquired 1,000 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was purchased at an average price 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 of the company's stock, valued at $8,980,817. The disclosure for this purchase can be found here. Insiders have acquired 2,485 shares of company stock valued at $874,786 in the last three months. 1.20% of the stock is owned by corporate insiders.

Everest Group Price Performance

Shares of EG stock traded down $2.42 during trading hours on Friday, hitting $369.65. The company had a trading volume of 194,932 shares, compared to its average volume of 350,143. Everest Group, Ltd. has a 12 month low of $331.08 and a 12 month high of $417.92. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.37 and a current ratio of 0.35. The firm's fifty day moving average is $376.02 and its 200 day moving average is $378.25. The firm has a market capitalization of $19.69 billion, a price-to-earnings ratio of 5.49, a PEG ratio of 3.25 and a beta of 0.57.

Everest Group (NYSE:EG - Get Free Report) last announced its quarterly earnings results on Monday, April 29th. The company reported $16.32 earnings per share for the quarter, beating analysts' consensus estimates of $15.98 by $0.34. The firm had revenue of $4.13 billion for the quarter, compared to analysts' expectations of $4.05 billion. Everest Group had a return on equity of 24.86% and a net margin of 18.69%. The business's revenue was up 25.8% compared to the same quarter last year. During the same period in the prior year, the business posted $11.31 earnings per share. On average, sell-side analysts predict that Everest Group, Ltd. will post 61.49 EPS for the current fiscal year.

Everest Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Tuesday, March 19th were paid a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend was Monday, March 18th. Everest Group's dividend payout ratio (DPR) is currently 10.40%.

About Everest Group

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.