Randolph Co Inc Acquires Shares of 3,524 Everest Group, Ltd. (NYSE:EG)

Randolph Co Inc bought a new stake in shares of Everest Group, Ltd. (NYSE:EG - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 3,524 shares of the company's stock, valued at approximately $1,277,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Dakota Wealth Management raised its position in Everest Group by 1.7% during the 4th quarter. Dakota Wealth Management now owns 1,945 shares of the company's stock valued at $705,000 after purchasing an additional 32 shares in the last quarter. Wilmington Savings Fund Society FSB raised its holdings in shares of Everest Group by 19.6% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 195 shares of the company's stock valued at $71,000 after acquiring an additional 32 shares in the last quarter. Steph & Co. lifted its stake in Everest Group by 10.6% in the fourth quarter. Steph & Co. now owns 366 shares of the company's stock worth $133,000 after acquiring an additional 35 shares during the period. Lester Murray Antman dba SimplyRich lifted its stake in Everest Group by 2.7% in the fourth quarter. Lester Murray Antman dba SimplyRich now owns 1,328 shares of the company's stock worth $481,000 after acquiring an additional 35 shares during the period. Finally, Foundations Investment Advisors LLC grew its holdings in Everest Group by 5.9% during the 4th quarter. Foundations Investment Advisors LLC now owns 661 shares of the company's stock worth $239,000 after acquiring an additional 37 shares in the last quarter. 92.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Morgan Stanley reaffirmed an "equal weight" rating and issued a $340.00 price target (down previously from $425.00) on shares of Everest Group in a research report on Wednesday, February 5th. UBS Group lowered their target price on Everest Group from $375.00 to $372.00 and set a "neutral" rating for the company in a report on Wednesday, April 9th. Jefferies Financial Group upgraded Everest Group from a "hold" rating to a "buy" rating and lifted their price target for the company from $376.00 to $415.00 in a report on Friday, April 11th. Keefe, Bruyette & Woods dropped their price objective on Everest Group from $434.00 to $402.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Finally, Evercore ISI cut their target price on Everest Group from $400.00 to $396.00 and set an "in-line" rating on the stock in a research note on Thursday. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $396.00.

Everest Group Stock Down 5.8 %

Everest Group stock traded down $20.91 during midday trading on Thursday, reaching $337.92. The company's stock had a trading volume of 644,990 shares, compared to its average volume of 370,754. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.40 and a quick ratio of 0.40. The stock has a market capitalization of $16.15 billion, a P/E ratio of 10.76, a PEG ratio of 0.24 and a beta of 0.43. The stock's 50-day simple moving average is $353.24 and its 200-day simple moving average is $359.85. Everest Group, Ltd. has a 52-week low of $320.00 and a 52-week high of $407.30.

Everest Group (NYSE:EG - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $6.45 EPS for the quarter, missing the consensus estimate of $7.46 by ($1.01). The company had revenue of $4.26 billion during the quarter, compared to analysts' expectations of $3.89 billion. Everest Group had a net margin of 7.95% and a return on equity of 9.04%. The business's revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the previous year, the business earned $16.32 earnings per share. On average, sell-side analysts expect that Everest Group, Ltd. will post 47.93 EPS for the current year.

Everest Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 17th were issued a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date was Monday, March 17th. Everest Group's dividend payout ratio (DPR) is presently 25.47%.

Insider Activity at Everest Group

In related news, Director Geraldine Losquadro sold 1,500 shares of the stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $360.63, for a total value of $540,945.00. Following the transaction, the director now owns 12,279 shares in the company, valued at approximately $4,428,175.77. This represents a 10.89 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is owned by insiders.

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.