NYSE:EG - Free Report ) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 115,576 shares of the company's stock, valued at approximately $40,865,000. Victory Capital Management Inc. owned 0.27% of Everest Group at the end of the most recent quarter.
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Other institutional investors and hedge funds have also bought and sold shares of the company. California Public Employees Retirement System purchased a new position in Everest Group in the fourth quarter valued at $58,360,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in Everest Group during the fourth quarter worth approximately $39,992,000. Zweig DiMenna Associates LLC acquired a new stake in Everest Group in the fourth quarter valued at approximately $35,503,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Everest Group in the fourth quarter valued at approximately $31,810,000. Finally, Strs Ohio acquired a new position in shares of Everest Group during the 4th quarter worth approximately $23,980,000. 92.64% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Everest Group In other news, CEO Mike Karmilowicz bought 285 shares of the firm's stock in a transaction that occurred on Friday, February 9th. The shares were purchased at an average price of $352.39 per share, with a total value of $100,431.15. Following the purchase, the chief executive officer now owns 10,586 shares in the company, valued at $3,730,400.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website . In other Everest Group news, CEO Mike Karmilowicz bought 285 shares of the business's stock in a transaction that occurred on Friday, February 9th. The shares were purchased at an average cost of $352.39 per share, with a total value of $100,431.15. Following the purchase, the chief executive officer now directly owns 10,586 shares in the company, valued at $3,730,400.54. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website . Also, Director Roger M. Singer bought 500 shares of Everest Group stock in a transaction on Monday, February 12th. The shares were acquired at an average price of $357.21 per share, for a total transaction of $178,605.00. Following the completion of the acquisition, the director now owns 16,920 shares in the company, valued at $6,043,993.20. The disclosure for this purchase can be found here . Insiders have bought a total of 2,485 shares of company stock valued at $874,786 over the last quarter. 1.20% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades Several equities research analysts recently commented on EG shares. Wells Fargo & Company cut 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. Citigroup lowered shares of Everest Group from a "buy" rating to a "neutral" rating and decreased their price target for the company from $452.00 to $375.00 in a research note on Monday, February 12th. 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 objective for the company. 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 report on Wednesday, April 10th. Finally, Morgan Stanley lowered their price target on Everest Group from $466.00 to $450.00 and set an "overweight" rating on the stock in a research note on Monday, April 15th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Everest Group presently has an average rating of "Moderate Buy" and a consensus target price of $432.11.
Check Out Our Latest Report on Everest Group
Everest Group Trading Up 2.5 % NYSE:EG traded up $9.35 on Monday, hitting $379.00. The stock had a trading volume of 286,408 shares, compared to its average volume of 371,900. The company has a fifty day moving average price of $376.02 and a two-hundred day moving average price of $378.25. Everest Group, Ltd. has a 1-year low of $331.08 and a 1-year high of $417.92. 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 stock has a market cap of $20.19 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 released its quarterly earnings data on Monday, April 29th. The company reported $16.32 EPS 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 firm's quarterly revenue was up 25.8% on a year-over-year basis. During the same period in the prior year, the firm posted $11.31 earnings per share. Equities research analysts expect that Everest Group, Ltd. will post 61.49 earnings per share for the current fiscal year.
Everest Group Announces Dividend The business 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. This represents a $7.00 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date was Monday, March 18th. Everest Group's dividend payout ratio is presently 10.40%.
About Everest Group (
Free Report )
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.
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