Everest Group (NYSE:EG) Director Allan Levine Purchases 3,100 Shares

Everest Group, Ltd. (NYSE:EG) Director Allan Levine acquired 3,100 shares of the firm’s stock in a transaction dated Wednesday, October 29th. The shares were purchased at an average price of $306.08 per share, with a total value of $948,848.00. Following the completion of the transaction, the director owned 4,153 shares of the company’s stock, valued at $1,271,150.24. This trade represents a 294.40% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Everest Group Trading Down 0.1%

EG opened at $309.08 on Friday. Everest Group, Ltd. has a twelve month low of $302.44 and a twelve month high of $392.78. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.24. The company has a fifty day moving average of $343.63 and a 200-day moving average of $341.56. The stock has a market cap of $12.96 billion, a PE ratio of 23.54, a price-to-earnings-growth ratio of 0.25 and a beta of 0.48.

Everest Group (NYSE:EG) last posted its quarterly earnings data on Monday, October 27th. The company reported $7.54 earnings per share for the quarter, missing the consensus estimate of $13.39 by ($5.85). Everest Group had a return on equity of 3.81% and a net margin of 3.12%.The firm had revenue of $4.32 billion for the quarter, compared to analyst estimates of $3.86 billion. During the same quarter last year, the company earned $11.80 earnings per share. The company’s quarterly revenue was up .8% compared to the same quarter last year. On average, sell-side analysts predict that Everest Group, Ltd. will post 47.93 EPS for the current year.

Everest Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Wednesday, September 3rd were paid a $2.00 dividend. The ex-dividend date of this dividend was Wednesday, September 3rd. This represents a $8.00 annualized dividend and a yield of 2.6%. Everest Group’s payout ratio is 60.93%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. SVB Wealth LLC acquired a new position in shares of Everest Group during the first quarter valued at about $30,000. Root Financial Partners LLC acquired a new position in shares of Everest Group during the third quarter valued at about $30,000. Zions Bancorporation National Association UT bought a new stake in Everest Group during the first quarter worth $34,000. Board of the Pension Protection Fund bought a new stake in Everest Group during the second quarter worth $34,000. Finally, WPG Advisers LLC bought a new stake in Everest Group during the first quarter worth $37,000. 92.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EG has been the topic of several recent analyst reports. Evercore ISI boosted their price target on Everest Group from $380.00 to $384.00 and gave the company an “in-line” rating in a research note on Wednesday, October 1st. Citigroup initiated coverage on shares of Everest Group in a report on Wednesday, August 13th. They issued a “neutral” rating and a $362.00 price target for the company. Wolfe Research upgraded shares of Everest Group from an “underperform” rating to a “peer perform” rating in a report on Wednesday. Wells Fargo & Company reduced their price target on shares of Everest Group from $383.00 to $343.00 and set an “equal weight” rating for the company in a report on Wednesday. Finally, Wall Street Zen upgraded shares of Everest Group from a “hold” rating to a “buy” rating in a report on Saturday, October 25th. Five investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $378.43.

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.