Everest Group, Ltd. $EG Shares Purchased by Strs Ohio

Strs Ohio raised its stake in shares of Everest Group, Ltd. (NYSE:EG) by 25.1% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 7,692 shares of the company’s stock after purchasing an additional 1,543 shares during the quarter. Strs Ohio’s holdings in Everest Group were worth $2,614,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of EG. Vontobel Holding Ltd. increased its position in Everest Group by 2.1% during the first quarter. Vontobel Holding Ltd. now owns 1,781 shares of the company’s stock worth $647,000 after purchasing an additional 36 shares during the last quarter. Teacher Retirement System of Texas acquired a new stake in shares of Everest Group in the first quarter worth $2,284,000. Principal Financial Group Inc. increased its position in shares of Everest Group by 7.9% in the first quarter. Principal Financial Group Inc. now owns 55,123 shares of the company’s stock worth $20,028,000 after acquiring an additional 4,021 shares in the last quarter. D.A. Davidson & CO. increased its position in shares of Everest Group by 31.4% in the first quarter. D.A. Davidson & CO. now owns 2,652 shares of the company’s stock worth $964,000 after acquiring an additional 634 shares in the last quarter. Finally, IFM Investors Pty Ltd increased its position in shares of Everest Group by 2.5% in the first quarter. IFM Investors Pty Ltd now owns 11,208 shares of the company’s stock worth $4,392,000 after acquiring an additional 273 shares in the last quarter. Institutional investors and hedge funds own 92.64% of the company’s stock.

Insider Activity at Everest Group

In other Everest Group news, Director Allan Levine acquired 3,100 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at $1,271,150.24. The trade was a 294.40% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director William F. Galtney, Jr. purchased 11,385 shares of the company’s stock in a transaction dated Wednesday, October 29th. The stock was purchased at an average cost of $307.38 per share, for a total transaction of $3,499,521.30. Following the transaction, the director owned 45,491 shares of the company’s stock, valued at approximately $13,983,023.58. This trade represents a 33.38% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 1.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on EG. Wolfe Research raised shares of Everest Group from an “underperform” rating to a “peer perform” rating in a research report on Wednesday, October 29th. Keefe, Bruyette & Woods decreased their target price on shares of Everest Group from $424.00 to $400.00 and set an “outperform” rating for the company in a research note on Thursday, October 30th. Barclays decreased their target price on shares of Everest Group from $425.00 to $365.00 and set an “overweight” rating for the company in a research note on Friday. Citigroup started coverage on shares of Everest Group in a research note on Wednesday, August 13th. They issued a “neutral” rating and a $362.00 target price for the company. Finally, Cantor Fitzgerald upgraded shares of Everest Group to a “hold” rating in a research note on Wednesday, August 13th. Five investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $372.36.

Everest Group Price Performance

Shares of EG opened at $313.44 on Tuesday. The firm has a market cap of $13.15 billion, a PE ratio of 23.87, a PEG ratio of 0.25 and a beta of 0.48. The firm’s 50 day moving average price is $342.50 and its 200 day moving average price is $340.93. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.38 and a current ratio of 0.38. Everest Group, Ltd. has a twelve month low of $302.44 and a twelve month high of $392.78.

Everest Group (NYSE:EG) last issued 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). The business had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $3.86 billion. Everest Group had a net margin of 3.12% and a return on equity of 3.81%. Everest Group’s revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the business posted $11.80 EPS. As a group, research analysts expect that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Everest Group Dividend Announcement

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

Everest Group Company 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.