Everest Group, Ltd. (NYSE:EG) Shares Purchased by CENTRAL TRUST Co

CENTRAL TRUST Co raised its stake in shares of Everest Group, Ltd. (NYSE:EG) by 44.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 518 shares of the company’s stock after buying an additional 159 shares during the quarter. CENTRAL TRUST Co’s holdings in Everest Group were worth $188,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Bruce G. Allen Investments LLC boosted its holdings in shares of Everest Group by 200.0% during the third quarter. Bruce G. Allen Investments LLC now owns 78 shares of the company’s stock worth $31,000 after purchasing an additional 52 shares during the last quarter. Eastern Bank purchased a new position in Everest Group in the third quarter valued at about $35,000. Brooklyn Investment Group purchased a new position in Everest Group in the third quarter valued at about $39,000. Private Trust Co. NA raised its position in Everest Group by 51.7% in the third quarter. Private Trust Co. NA now owns 132 shares of the company’s stock valued at $52,000 after purchasing an additional 45 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Everest Group during the third quarter worth about $64,000. Institutional investors and hedge funds own 92.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. TD Cowen dropped their target price on Everest Group from $444.00 to $419.00 and set a “hold” rating on the stock in a research report on Monday, November 18th. Keefe, Bruyette & Woods lifted their target price on Everest Group from $420.00 to $434.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. UBS Group upgraded Everest Group to a “hold” rating in a research note on Wednesday, October 9th. BMO Capital Markets downgraded Everest Group from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $453.00 to $375.00 in a research report on Thursday, January 30th. Finally, Jefferies Financial Group cut Everest Group from a “buy” rating to a “hold” rating and boosted their target price for the stock from $420.00 to $429.00 in a report on Tuesday, November 26th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Everest Group has an average rating of “Hold” and a consensus price target of $423.56.

Everest Group Trading Down 1.0 %

NYSE EG opened at $341.72 on Wednesday. Everest Group, Ltd. has a twelve month low of $336.49 and a twelve month high of $407.30. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.40 and a current ratio of 0.40. The stock has a market cap of $14.69 billion, a price-to-earnings ratio of 5.35, a PEG ratio of 2.50 and a beta of 0.65. The firm’s 50 day moving average price is $363.53 and its two-hundred day moving average price is $374.38.

Everest Group (NYSE:EG) last posted its quarterly earnings results on Monday, February 3rd. The company reported ($18.39) EPS for the quarter, missing the consensus estimate of $11.64 by ($30.03). Everest Group had a net margin of 16.99% and a return on equity of 22.45%. Equities analysts anticipate that Everest Group, Ltd. will post 36.3 EPS for the current year.

Everest Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Wednesday, November 27th were issued a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend was Wednesday, November 27th. Everest Group’s dividend payout ratio is presently 12.52%.

Insider Buying and Selling

In other Everest Group news, COO James Allan Williamson sold 200 shares of the business’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $370.00, for a total transaction of $74,000.00. Following the completion of the transaction, the chief operating officer now owns 15,009 shares of the company’s stock, valued at $5,553,330. The trade was a 1.32 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.20% of the stock is currently owned by corporate insiders.

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.