Jump Financial LLC Invests $4.53 Million in Everest Group, Ltd. (NYSE:EG)

Jump Financial LLC purchased 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 disclosure with the SEC. The institutional investor purchased 12,822 shares of the company's stock, valued at approximately $4,534,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in EG. LSV Asset Management bought a new position in Everest Group in the 4th quarter valued at approximately $168,328,000. Charles Schwab Investment Management Inc. bought a new position in Everest Group in the 4th quarter valued at approximately $133,525,000. Los Angeles Capital Management LLC bought a new position in Everest Group in the 4th quarter valued at approximately $127,752,000. California Public Employees Retirement System bought a new position in Everest Group in the 4th quarter valued at approximately $58,360,000. Finally, Swiss National Bank bought a new position in Everest Group in the 4th quarter valued at approximately $47,981,000. Institutional investors own 92.64% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on EG shares. Keefe, Bruyette & Woods increased their price objective on shares of Everest Group from $445.00 to $457.00 and gave the company an "outperform" rating in a research note 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 research report on Thursday, April 11th. Morgan Stanley decreased their price target on shares of Everest Group from $466.00 to $450.00 and set an "overweight" rating for the company in a research report on Monday, April 15th. Finally, Citigroup cut 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 report on Monday, February 12th. 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. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $432.11.

Insider Activity

In other Everest Group news, Director Roger M. Singer acquired 500 shares of Everest Group stock in a transaction dated Monday, February 12th. The stock was purchased at an average cost of $357.21 per share, for a total transaction of $178,605.00. Following the completion of the acquisition, the director now directly owns 16,920 shares of the company's stock, valued at $6,043,993.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.20% of the company's stock.

Everest Group Stock Up 0.6 %

NYSE:EG traded up $2.40 during trading hours on Friday, reaching $382.93. The company had a trading volume of 145,176 shares, compared to its average volume of 336,650. The company has a quick ratio of 0.37, a current ratio of 0.38 and a debt-to-equity ratio of 0.25. The firm has a market cap of $16.64 billion, a price-to-earnings ratio of 5.69, a P/E/G ratio of 3.35 and a beta of 0.57. The business's 50-day simple moving average is $377.18 and its two-hundred day simple moving average is $377.82. Everest Group, Ltd. has a twelve month low of $331.08 and a twelve month high of $417.92.

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

Everest Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Tuesday, March 19th were issued a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date was Monday, March 18th. Everest Group's dividend payout ratio 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.

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