Creative Planning Purchases 797 Shares of Everest Group, Ltd. $EG

Creative Planning lifted its position in shares of Everest Group, Ltd. (NYSE:EG) by 19.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,892 shares of the company’s stock after purchasing an additional 797 shares during the quarter. Creative Planning’s holdings in Everest Group were worth $1,663,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. SG Americas Securities LLC boosted its holdings in shares of Everest Group by 27.3% during the 2nd quarter. SG Americas Securities LLC now owns 7,437 shares of the company’s stock valued at $2,527,000 after buying an additional 1,595 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Everest Group by 6.1% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,432 shares of the company’s stock worth $3,545,000 after acquiring an additional 603 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Everest Group by 12.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 622,608 shares of the company’s stock worth $211,593,000 after purchasing an additional 69,636 shares during the period. Candriam S.C.A. increased its stake in shares of Everest Group by 8.6% during the second quarter. Candriam S.C.A. now owns 3,751 shares of the company’s stock valued at $1,275,000 after purchasing an additional 297 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey lifted its holdings in shares of Everest Group by 3.8% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 16,080 shares of the company’s stock valued at $5,465,000 after purchasing an additional 592 shares during the last quarter. Institutional investors own 92.64% of the company’s stock.

Everest Group Stock Down 0.6%

Everest Group stock opened at $312.17 on Thursday. Everest Group, Ltd. has a 12 month low of $302.44 and a 12 month high of $392.11. The stock has a fifty day simple moving average of $334.76 and a two-hundred day simple moving average of $337.26. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.24. The firm has a market cap of $13.10 billion, a price-to-earnings ratio of 23.78, a PEG ratio of 0.25 and a beta of 0.47.

Everest Group (NYSE:EG) last released its quarterly earnings data on Monday, October 27th. The company reported $7.54 EPS for the quarter, missing the consensus estimate of $13.39 by ($5.85). Everest Group had a net margin of 3.12% and a return on equity of 3.81%. The business had revenue of $4.32 billion for the quarter, compared to analysts’ expectations of $3.86 billion. During the same period last year, the business earned $11.80 earnings per share. The company’s quarterly revenue was up .8% on a year-over-year basis. Equities analysts predict that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Everest Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Wednesday, November 26th will be paid a $2.00 dividend. The ex-dividend date is Wednesday, November 26th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.6%. Everest Group’s payout ratio is currently 60.93%.

Insider Activity at Everest Group

In related news, Director Allan Levine acquired 3,100 shares of the firm’s stock in a transaction dated Wednesday, October 29th. The stock was purchased at an average cost of $306.08 per share, with a total value of $948,848.00. Following the completion of the acquisition, the director directly owned 4,153 shares of the company’s stock, valued at approximately $1,271,150.24. This trade represents a 294.40% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director William F. Galtney, Jr. bought 11,385 shares of the company’s stock in a transaction that occurred on Wednesday, October 29th. The stock was bought at an average price of $307.38 per share, for a total transaction of $3,499,521.30. Following the acquisition, the director directly owned 45,491 shares of the company’s stock, valued at $13,983,023.58. The trade was a 33.38% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 1.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on EG. Citigroup began coverage on Everest Group in a research note on Wednesday, August 13th. They issued a “neutral” rating and a $362.00 price target on the stock. Cowen reissued a “hold” rating on shares of Everest Group in a report on Tuesday, October 7th. Raymond James Financial reissued an “outperform” rating and issued a $350.00 target price on shares of Everest Group in a research note on Monday, November 3rd. Wall Street Zen lowered Everest Group from a “buy” rating to a “hold” rating in a research report on Sunday, November 2nd. Finally, Wolfe Research upgraded shares of Everest Group from an “underperform” rating to a “peer perform” rating in a research note on Wednesday, October 29th. Five research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $368.77.

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.