Virtu Financial LLC Purchases New Position in Everest Group, Ltd. (NYSE:EG)

Virtu Financial LLC purchased a new stake in Everest Group, Ltd. (NYSE:EG) in the 4th quarter, HoldingsChannel reports. The fund purchased 2,790 shares of the company’s stock, valued at approximately $1,011,000.

Other large investors have also recently added to or reduced their stakes in the company. Dakota Wealth Management boosted its position in Everest Group by 1.7% in the 4th quarter. Dakota Wealth Management now owns 1,945 shares of the company’s stock valued at $705,000 after buying an additional 32 shares during the last quarter. Wilmington Savings Fund Society FSB boosted its position in Everest Group by 19.6% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 195 shares of the company’s stock valued at $71,000 after buying an additional 32 shares during the last quarter. Steph & Co. boosted its position in Everest Group by 10.6% in the 4th quarter. Steph & Co. now owns 366 shares of the company’s stock valued at $133,000 after buying an additional 35 shares during the last quarter. Lester Murray Antman dba SimplyRich boosted its position in Everest Group by 2.7% in the 4th quarter. Lester Murray Antman dba SimplyRich now owns 1,328 shares of the company’s stock valued at $481,000 after buying an additional 35 shares during the last quarter. Finally, Foundations Investment Advisors LLC boosted its position in Everest Group by 5.9% in the 4th quarter. Foundations Investment Advisors LLC now owns 661 shares of the company’s stock valued at $239,000 after buying an additional 37 shares during the last quarter. 92.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Everest Group

In other Everest Group news, Director Geraldine Losquadro sold 1,500 shares of the firm’s 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 sale, the director now owns 12,279 shares in the company, valued at approximately $4,428,175.77. This trade represents a 10.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.20% of the stock is owned by company insiders.

Everest Group Price Performance

EG opened at $353.19 on Monday. The firm has a market cap of $15.16 billion, a price-to-earnings ratio of 11.24, a price-to-earnings-growth ratio of 0.24 and a beta of 0.61. Everest Group, Ltd. has a fifty-two week low of $327.37 and a fifty-two week high of $407.30. The company’s 50-day moving average price is $350.90 and its 200 day moving average price is $367.09. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.26.

Everest Group (NYSE:EG) last released its quarterly earnings data on Monday, February 3rd. The company reported ($18.39) earnings per share for the quarter, missing the consensus estimate of $11.64 by ($30.03). Everest Group had a return on equity of 9.04% and a net margin of 7.95%. As a group, sell-side analysts expect that Everest Group, Ltd. will post 47.93 earnings per share for the current year.

Everest Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 17th will be paid a $2.00 dividend. The ex-dividend date is Monday, March 17th. This represents a $8.00 annualized dividend and a dividend yield of 2.27%. Everest Group’s payout ratio is currently 25.47%.

Analyst Ratings Changes

Several brokerages have recently commented on EG. Keefe, Bruyette & Woods increased their price target on shares of Everest Group from $420.00 to $434.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. Wells Fargo & Company reduced their price target on shares of Everest Group from $390.00 to $380.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. Barclays increased their price target on shares of Everest Group from $461.00 to $470.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 4th. Morgan Stanley reaffirmed an “equal weight” rating and set a $340.00 price target (down previously from $425.00) on shares of Everest Group in a research report on Wednesday, February 5th. Finally, BMO Capital Markets cut shares of Everest Group from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $453.00 to $375.00 in a research report on Thursday, January 30th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $416.50.

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.