Leuthold Group LLC Invests $6.67 Million in Everest Group, Ltd. (NYSE:EG)

Leuthold Group LLC acquired a new stake in shares of Everest Group, Ltd. (NYSE:EG - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 18,870 shares of the company's stock, valued at approximately $6,672,000.

A number of other hedge funds also recently made changes to their positions in the stock. LSV Asset Management bought a new position in Everest Group in the 4th quarter worth approximately $168,328,000. Los Angeles Capital Management LLC bought a new position in Everest Group in the 4th quarter worth approximately $127,752,000. California Public Employees Retirement System bought a new position in Everest Group in the 4th quarter worth approximately $58,360,000. Swiss National Bank bought a new position in Everest Group in the 4th quarter worth approximately $47,981,000. Finally, Victory Capital Management Inc. bought a new position in shares of Everest Group during the 4th quarter valued at approximately $40,865,000. 92.64% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

EG has been the subject of a number of research reports. Wells Fargo & Company lowered their target price on 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. Morgan Stanley decreased their price target on Everest Group from $466.00 to $450.00 and set an "overweight" rating on the stock in a report on Monday, April 15th. TD Cowen initiated coverage on Everest Group in a report on Wednesday, January 10th. They set 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 decreased their price target for the company from $452.00 to $375.00 in a report on Monday, February 12th. Finally, Keefe, Bruyette & Woods increased their price target on Everest Group from $445.00 to $457.00 and gave the company an "outperform" rating in a report on Wednesday, April 10th. 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. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $432.11.

Insider Buying and Selling

In other Everest Group news, CEO Mike Karmilowicz bought 285 shares of Everest Group stock in a transaction that occurred on Friday, February 9th. The shares were bought at an average cost of $352.39 per share, with a total value of $100,431.15. Following the transaction, the chief executive officer now directly owns 10,586 shares of the company's stock, valued at approximately $3,730,400.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Everest Group news, CEO Mike Karmilowicz bought 285 shares of Everest Group stock in a transaction that occurred on Friday, February 9th. The shares were bought at an average cost of $352.39 per share, with a total value of $100,431.15. Following the transaction, the chief executive officer now directly owns 10,586 shares of the company's stock, valued at approximately $3,730,400.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Mark Kociancic acquired 1,000 shares of the business's stock in a transaction dated Friday, February 9th. The stock was purchased at an average cost of $349.00 per share, for a total transaction of $349,000.00. Following the completion of the acquisition, 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 purchased 2,485 shares of company stock worth $874,786 in the last three months. 1.20% of the stock is owned by insiders.

Everest Group Trading Down 0.1 %

Shares of Everest Group stock traded down $0.25 on Tuesday, hitting $378.75. 319,823 shares of the company traded hands, compared to its average volume of 371,308. The company has a current ratio of 0.35, a quick ratio of 0.37 and a debt-to-equity ratio of 0.25. The company has a market cap of $20.17 billion, a PE ratio of 5.63, a PEG ratio of 3.25 and a beta of 0.57. The stock's 50 day moving average price is $376.26 and its 200-day moving average price is $378.09. Everest Group, Ltd. has a 52 week low of $331.08 and a 52 week high of $417.92.

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

Everest Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Tuesday, March 19th were paid 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 (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.