Impact Partnership Wealth LLC Acquires 196 Shares of Everest Group, Ltd. $EG

Impact Partnership Wealth LLC raised its holdings in shares of Everest Group, Ltd. (NYSE:EG) by 20.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,159 shares of the company’s stock after purchasing an additional 196 shares during the period. Impact Partnership Wealth LLC’s holdings in Everest Group were worth $394,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. raised its position in Everest Group by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 5,577,376 shares of the company’s stock valued at $2,026,428,000 after purchasing an additional 17,346 shares during the last quarter. Vulcan Value Partners LLC grew its holdings in shares of Everest Group by 35.8% during the 1st quarter. Vulcan Value Partners LLC now owns 1,328,732 shares of the company’s stock worth $482,832,000 after acquiring an additional 350,019 shares during the period. Boston Partners grew its holdings in shares of Everest Group by 3.3% during the 1st quarter. Boston Partners now owns 696,765 shares of the company’s stock worth $253,150,000 after acquiring an additional 22,432 shares during the period. Altrinsic Global Advisors LLC grew its holdings in shares of Everest Group by 10.7% during the 1st quarter. Altrinsic Global Advisors LLC now owns 682,979 shares of the company’s stock worth $248,147,000 after acquiring an additional 66,041 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of Everest Group by 11.4% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 552,972 shares of the company’s stock worth $200,911,000 after acquiring an additional 56,410 shares during the period. Institutional investors own 92.64% of the company’s stock.

Everest Group Stock Down 0.1%

EG stock 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 firm 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. The business has a 50 day moving average of $343.63 and a 200 day moving average of $341.56.

Everest Group (NYSE:EG) last issued its earnings results on Monday, October 27th. The company reported $7.54 EPS for the quarter, missing the consensus estimate of $13.39 by ($5.85). Everest Group had a net margin of 3.12% and a return on equity of 3.81%. The business had revenue of $4.32 billion for the quarter, compared to analysts’ expectations of $3.86 billion. During the same quarter in the prior year, the business posted $11.80 earnings per share. The business’s revenue for the quarter was up .8% on a year-over-year basis. On average, research analysts forecast that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Everest Group Dividend Announcement

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

Insider Buying and Selling at Everest Group

In other Everest Group news, Director Allan Levine bought 3,100 shares of the business’s stock in a transaction on Wednesday, October 29th. The shares were acquired at an average cost of $306.08 per share, for a total transaction of $948,848.00. Following the purchase, the director owned 4,153 shares in the company, valued at approximately $1,271,150.24. This trade represents a 294.40% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William F. Galtney, Jr. bought 11,385 shares of the business’s stock in a transaction on Wednesday, October 29th. The shares were acquired at an average price of $307.38 per share, for a total transaction of $3,499,521.30. Following the completion of the purchase, the director owned 45,491 shares in the company, valued at approximately $13,983,023.58. The trade was a 33.38% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. UBS Group reduced their target price on Everest Group from $372.00 to $370.00 and set a “neutral” rating on the stock in a report on Wednesday, July 9th. Cantor Fitzgerald upgraded Everest Group to a “hold” rating in a report on Wednesday, August 13th. Wall Street Zen upgraded Everest Group from a “hold” rating to a “buy” rating in a report on Saturday, October 25th. Wolfe Research upgraded Everest Group from an “underperform” rating to a “peer perform” rating in a research note on Wednesday. Finally, Evercore ISI raised their price objective on Everest Group from $380.00 to $384.00 and gave the company an “in-line” rating in a research report on Wednesday, October 1st. Five equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target 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.