Everest Group, Ltd. (NYSE:EG) Shares Bought by Gilman Hill Asset Management LLC

Gilman Hill Asset Management LLC raised its stake in Everest Group, Ltd. (NYSE:EG) by 1.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,003 shares of the company’s stock after purchasing an additional 95 shares during the period. Gilman Hill Asset Management LLC’s holdings in Everest Group were worth $2,545,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its holdings in shares of Everest Group by 39.9% in the 4th quarter. JPMorgan Chase & Co. now owns 109,775 shares of the company’s stock valued at $39,789,000 after acquiring an additional 31,306 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of Everest Group by 25.4% in the 4th quarter. Commonwealth Equity Services LLC now owns 12,055 shares of the company’s stock valued at $4,369,000 after acquiring an additional 2,438 shares during the last quarter. Brandywine Global Investment Management LLC increased its holdings in shares of Everest Group by 108.5% in the 4th quarter. Brandywine Global Investment Management LLC now owns 12,423 shares of the company’s stock valued at $4,503,000 after acquiring an additional 6,466 shares during the last quarter. Atria Wealth Solutions Inc. purchased a new position in shares of Everest Group in the 4th quarter valued at about $325,000. Finally, Johnson Investment Counsel Inc. increased its holdings in shares of Everest Group by 5.1% in the 4th quarter. Johnson Investment Counsel Inc. now owns 186,327 shares of the company’s stock valued at $67,536,000 after acquiring an additional 8,984 shares during the last quarter. Institutional investors and hedge funds own 92.64% of the company’s stock.

Everest Group Stock Down 1.7%

Everest Group stock opened at $345.17 on Thursday. Everest Group, Ltd. has a twelve month low of $320.00 and a twelve month high of $407.30. The stock has a 50 day moving average of $347.38 and a two-hundred day moving average of $355.10. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $14.68 billion, a price-to-earnings ratio of 10.99, a PEG ratio of 0.24 and a beta of 0.53.

Everest Group (NYSE:EG) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $6.45 EPS for the quarter, missing the consensus estimate of $7.46 by ($1.01). The business 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%. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the business earned $16.32 earnings per share. As a group, research 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 disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Wednesday, May 28th will be issued a dividend of $2.00 per share. The ex-dividend date is Wednesday, May 28th. This represents a $8.00 annualized dividend and a yield of 2.32%. Everest Group’s dividend payout ratio is presently 41.15%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on EG shares. Keefe, Bruyette & Woods dropped their price objective on Everest Group from $434.00 to $402.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. Morgan Stanley increased their price objective on Everest Group from $330.00 to $350.00 and gave the company an “equal weight” rating in a report on Monday, May 19th. Evercore ISI dropped their price target on Everest Group from $400.00 to $396.00 and set an “in-line” rating on the stock in a research note on Thursday, May 1st. Jefferies Financial Group upgraded Everest Group from a “hold” rating to a “buy” rating and raised their price target for the stock from $376.00 to $415.00 in a research note on Friday, April 11th. Finally, UBS Group dropped their price target on Everest Group from $375.00 to $372.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 9th. Six equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $398.09.

Insider Buying and Selling

In other Everest Group news, Director Geraldine Losquadro sold 1,500 shares of the firm’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $360.63, for a total transaction of $540,945.00. Following the completion of the transaction, the director now owns 12,279 shares of the company’s stock, valued at approximately $4,428,175.77. This trade represents a 10.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.10% of the stock is currently owned by insiders.

Everest Group Company 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.