DT Investment Partners LLC Invests $31,000 in Everest Group, Ltd. (NYSE:EG)

DT Investment Partners LLC acquired a new stake in Everest Group, Ltd. (NYSE:EGFree Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 82 shares of the company’s stock, valued at approximately $31,000.

Other institutional investors also recently bought and sold shares of the company. Allworth Financial LP purchased a new position in shares of Everest Group during the 4th quarter worth approximately $25,000. Avior Wealth Management LLC acquired a new position in Everest Group during the fourth quarter worth $25,000. Janiczek Wealth Management LLC purchased a new position in Everest Group in the fourth quarter worth $27,000. Trifecta Capital Advisors LLC acquired a new stake in Everest Group in the fourth quarter valued at $28,000. Finally, Cambridge Trust Co. purchased a new stake in shares of Everest Group during the 4th quarter worth $32,000. 92.64% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on EG shares. Citigroup downgraded shares of Everest Group from a “buy” rating to a “neutral” rating and cut their price target for the company from $452.00 to $375.00 in a report on Monday, February 12th. Wells Fargo & Company reduced 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. Keefe, Bruyette & Woods upped their price target on Everest Group from $445.00 to $457.00 and gave the stock an “outperform” rating in a report on Wednesday, April 10th. Morgan Stanley reduced their price objective on Everest Group from $466.00 to $450.00 and set an “overweight” rating for the company in a report on Monday, April 15th. Finally, TD Cowen started coverage on Everest Group in a research report on Wednesday, January 10th. They set a “market perform” rating and a $421.00 target price on the stock. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $432.11.

View Our Latest Analysis on Everest Group

Everest Group Price Performance

Shares of NYSE:EG opened at $370.26 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.37 and a current ratio of 0.37. The business’s fifty day moving average price is $375.96 and its two-hundred day moving average price is $380.21. The stock has a market cap of $19.72 billion, a PE ratio of 6.20, a price-to-earnings-growth ratio of 3.27 and a beta of 0.56. Everest Group, Ltd. has a one year low of $331.08 and a one year high of $417.92.

Everest Group (NYSE:EGGet Free Report) last announced its earnings results on Wednesday, February 7th. The company reported $25.18 earnings per share for the quarter, beating the consensus estimate of $14.63 by $10.55. The firm had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.85 billion. Everest Group had a net margin of 17.26% and a return on equity of 25.05%. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $12.21 EPS. On average, analysts forecast that Everest Group, Ltd. will post 61.21 EPS for the current fiscal year.

Everest Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Tuesday, March 19th were paid a $1.75 dividend. The ex-dividend date was Monday, March 18th. This represents a $7.00 annualized dividend and a yield of 1.89%. Everest Group’s payout ratio is currently 11.72%.

Insider Buying and Selling at Everest Group

In other Everest Group news, CFO Mark Kociancic acquired 1,000 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were acquired at an average price of $349.00 per share, for a total transaction of $349,000.00. Following the completion of the acquisition, the chief financial officer now directly owns 25,733 shares of the company’s stock, valued at $8,980,817. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CFO Mark Kociancic acquired 1,000 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was bought at an average price of $349.00 per share, with a total value of $349,000.00. Following the purchase, the chief financial officer now directly owns 25,733 shares in the company, valued at approximately $8,980,817. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Mike Karmilowicz bought 285 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was bought at an average cost of $352.39 per share, for a total transaction of $100,431.15. Following the completion of the transaction, the chief executive officer now directly owns 10,586 shares of the company’s stock, valued at approximately $3,730,400.54. The disclosure for this purchase can be found here. In the last three months, insiders acquired 2,485 shares of company stock worth $874,786. Insiders own 1.40% of the company’s stock.

About Everest Group

(Free Report)

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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Institutional Ownership by Quarter for Everest Group (NYSE:EG)

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