4,500 Shares in Everest Group, Ltd. (NYSE:EG) Purchased by Shay Capital LLC

Shay Capital LLC bought a new stake in shares of Everest Group, Ltd. (NYSE:EG) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 4,500 shares of the company’s stock, valued at approximately $1,631,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its position in Everest Group by 5.5% in the 3rd quarter. Principal Financial Group Inc. now owns 53,892 shares of the company’s stock worth $21,117,000 after purchasing an additional 2,818 shares during the last quarter. Czech National Bank lifted its stake in shares of Everest Group by 5.7% in the fourth quarter. Czech National Bank now owns 9,319 shares of the company’s stock valued at $3,378,000 after buying an additional 504 shares during the period. Wedmont Private Capital grew its position in Everest Group by 15.0% during the fourth quarter. Wedmont Private Capital now owns 734 shares of the company’s stock worth $259,000 after buying an additional 96 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in Everest Group during the fourth quarter worth about $417,000. Finally, Steph & Co. increased its stake in Everest Group by 10.6% during the fourth quarter. Steph & Co. now owns 366 shares of the company’s stock valued at $133,000 after acquiring an additional 35 shares during the period. Institutional investors and hedge funds own 92.64% of the company’s stock.

Insider Buying and Selling

In other Everest Group news, Director Geraldine Losquadro sold 1,500 shares of the stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $360.63, for a total transaction of $540,945.00. Following the sale, the director now owns 12,279 shares of the company’s stock, valued at $4,428,175.77. This represents a 10.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

EG has been the subject of a number of research reports. UBS Group reduced their price objective on Everest Group from $375.00 to $372.00 and set a “neutral” rating for the company in a research report on Wednesday, April 9th. BMO Capital Markets cut Everest Group from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $453.00 to $375.00 in a research report on Thursday, January 30th. Jefferies Financial Group upgraded shares of Everest Group from a “hold” rating to a “buy” rating and lifted their price target for the stock from $376.00 to $415.00 in a research note on Friday, April 11th. Barclays lowered their price target on shares of Everest Group from $470.00 to $394.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. Finally, Wells Fargo & Company reduced their price objective on shares of Everest Group from $362.00 to $361.00 and set an “equal weight” rating for the company in a report on Tuesday, May 6th. Six investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $397.18.

Everest Group Stock Up 0.8%

Shares of NYSE:EG opened at $343.58 on Friday. The company has a market capitalization of $14.61 billion, a PE ratio of 10.94, a P/E/G ratio of 0.24 and a beta of 0.58. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.40 and a current ratio of 0.40. The company’s fifty day moving average is $351.50 and its 200-day moving average is $357.16. Everest Group, Ltd. has a 52 week low of $320.00 and a 52 week high of $407.30.

Everest Group (NYSE:EG) last released its quarterly earnings results on Wednesday, April 30th. The company reported $6.45 EPS for the quarter, missing analysts’ consensus estimates of $7.46 by ($1.01). The firm had revenue of $4.26 billion during the quarter, compared to analyst estimates of $3.89 billion. Everest Group had a net margin of 7.95% and a return on equity of 9.04%. Everest Group’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the firm earned $16.32 earnings per share. Equities research analysts predict that Everest Group, Ltd. will post 47.93 earnings per share for the current fiscal year.

Everest Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Wednesday, May 28th will be issued a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 2.33%. Everest Group’s payout ratio is currently 41.15%.

About Everest Group

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.