Hyman Charles D Takes $248,000 Position in Everest Group, Ltd. (NYSE:EG)

Hyman Charles D acquired a new position in Everest Group, Ltd. (NYSE:EG) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 700 shares of the company’s stock, valued at approximately $248,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EG. LSV Asset Management acquired a new stake in shares of Everest Group in the fourth quarter worth $168,328,000. Charles Schwab Investment Management Inc. purchased a new position in Everest Group during the fourth quarter valued at approximately $133,525,000. Los Angeles Capital Management LLC purchased a new position in Everest Group during the fourth quarter valued at approximately $127,752,000. California Public Employees Retirement System purchased a new position in Everest Group during the fourth quarter valued at approximately $58,360,000. Finally, Swiss National Bank purchased a new position in Everest Group during the fourth quarter valued at approximately $47,981,000. 92.64% of the stock is currently owned by hedge funds and other institutional investors.

Everest Group Price Performance

Shares of EG stock traded down $0.25 during mid-day trading on Tuesday, reaching $378.75. The company’s stock had a trading volume of 319,823 shares, compared to its average volume of 371,308. Everest Group, Ltd. has a 1-year low of $331.08 and a 1-year high of $417.92. The company has a market cap of $20.17 billion, a P/E ratio of 5.63, a PEG ratio of 3.25 and a beta of 0.57. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.37 and a current ratio of 0.35. The firm’s 50-day moving average is $376.48 and its two-hundred day moving average is $377.96.

Everest Group (NYSE:EG) last announced its quarterly earnings data on Monday, April 29th. The company reported $16.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $15.98 by $0.34. Everest Group had a net margin of 18.69% and a return on equity of 24.86%. The company had revenue of $4.13 billion during the quarter, compared to analysts’ expectations of $4.05 billion. During the same quarter in the prior year, the company posted $11.31 EPS. The business’s revenue was up 25.8% on a year-over-year basis. On average, research analysts predict that Everest Group, Ltd. will post 61.49 earnings per share for the current year.

Everest Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Tuesday, March 19th were issued a $1.75 dividend. This represents a $7.00 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend was Monday, March 18th. Everest Group’s payout ratio is 10.40%.

Insider Transactions at Everest Group

In other news, Director Roger M. Singer bought 500 shares of the stock in a transaction dated Monday, February 12th. The shares were acquired at an average price of $357.21 per share, with a total value of $178,605.00. Following the acquisition, the director now owns 16,920 shares in the company, valued at $6,043,993.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Mike Karmilowicz acquired 285 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were purchased at an average price of $352.39 per share, with a total value of $100,431.15. Following the acquisition, the chief executive officer now directly owns 10,586 shares in the company, valued at $3,730,400.54. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Roger M. Singer acquired 500 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were bought at an average cost of $357.21 per share, for a total transaction of $178,605.00. Following the acquisition, the director now owns 16,920 shares in the company, valued at $6,043,993.20. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 2,485 shares of company stock valued at $874,786. 1.20% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have commented on EG shares. TD Cowen started coverage on shares of Everest Group in a research report on Wednesday, January 10th. They issued a “market perform” rating and a $421.00 target price for the company. Keefe, Bruyette & Woods boosted their price objective on shares of Everest Group from $445.00 to $457.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 10th. Morgan Stanley reduced their price objective on shares of Everest Group from $466.00 to $450.00 and set an “overweight” rating for the company in a research note on Monday, April 15th. Wells Fargo & Company reduced their price objective on shares of Everest Group from $402.00 to $397.00 and set an “equal weight” rating for the company in a research note on Thursday, April 11th. Finally, Citigroup cut shares of Everest Group from a “buy” rating to a “neutral” rating and cut their target price for the company from $452.00 to $375.00 in a research note on Monday, February 12th. Three investment 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $432.11.

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.