Everest Group, Ltd. (NYSE:EG - Get Free Report) CEO James Allan Williamson purchased 1,000 shares of the firm's stock in a transaction on Wednesday, June 11th. The shares were acquired at an average price of $337.97 per share, with a total value of $337,970.00. Following the completion of the acquisition, the chief executive officer now owns 25,618 shares in the company, valued at approximately $8,658,115.46. This trade represents a 4.06% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Everest Group Price Performance
EG stock opened at $334.74 on Friday. The stock has a market capitalization of $14.24 billion, a PE ratio of 10.66, a price-to-earnings-growth ratio of 0.24 and a beta of 0.53. The company's 50-day moving average is $345.89 and its 200-day moving average is $353.06. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.40 and a quick ratio of 0.40. Everest Group, Ltd. has a 1 year low of $320.00 and a 1 year high of $407.30.
Everest Group (NYSE:EG - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $6.45 earnings per share for the quarter, missing the consensus estimate of $7.46 by ($1.01). Everest Group had a net margin of 7.95% and a return on equity of 9.04%. The business had revenue of $4.26 billion during the quarter, compared to the consensus estimate of $3.89 billion. During the same period in the previous year, the business posted $16.32 EPS. Everest Group's revenue was up 3.1% compared to the same quarter last year. Equities research analysts expect that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.
Everest Group Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Wednesday, May 28th were given a $2.00 dividend. The ex-dividend date was Wednesday, May 28th. This represents a $8.00 annualized dividend and a yield of 2.39%. Everest Group's payout ratio is 41.15%.
Hedge Funds Weigh In On Everest Group
Large investors have recently added to or reduced their stakes in the business. First Hawaiian Bank increased its stake in Everest Group by 15.3% in the 1st quarter. First Hawaiian Bank now owns 1,605 shares of the company's stock valued at $583,000 after buying an additional 213 shares during the last quarter. Strs Ohio bought a new position in Everest Group in the 1st quarter valued at $2,234,000. WBI Investments LLC bought a new position in Everest Group in the 1st quarter valued at $303,000. Geneos Wealth Management Inc. boosted its holdings in Everest Group by 98.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 181 shares of the company's stock valued at $66,000 after purchasing an additional 90 shares during the period. Finally, Bayforest Capital Ltd boosted its holdings in Everest Group by 1,946.0% in the 1st quarter. Bayforest Capital Ltd now owns 1,780 shares of the company's stock valued at $647,000 after purchasing an additional 1,693 shares during the period. Institutional investors own 92.64% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts have weighed in on EG shares. Morgan Stanley increased their price target on Everest Group from $330.00 to $350.00 and gave the stock an "equal weight" rating in a report on Monday, May 19th. Evercore ISI decreased their price target on Everest Group from $400.00 to $396.00 and set an "in-line" rating for the company in a report on Thursday, May 1st. Raymond James reiterated a "strong-buy" rating and set a $410.00 price target (down from $420.00) on shares of Everest Group in a report on Tuesday, May 6th. Keefe, Bruyette & Woods decreased their price target on Everest Group from $434.00 to $402.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Finally, UBS Group decreased their price target on Everest Group from $375.00 to $372.00 and set a "neutral" rating for the company in a report on Wednesday, April 9th. Six analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $398.09.
Check Out Our Latest Report on EG
About Everest Group
(
Get Free Report)
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.
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