326 Shares in Everest Group, Ltd. (NYSE:EG) Bought by GAMMA Investing LLC

GAMMA Investing LLC acquired a new position in shares of Everest Group, Ltd. (NYSE:EG) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 326 shares of the company’s stock, valued at approximately $126,000.

Other large investors also recently modified their holdings of the company. Everence Capital Management Inc. acquired a new position in shares of Everest Group during the 4th quarter worth about $1,004,000. OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in Everest Group in the 4th quarter valued at about $904,000. Daiwa Securities Group Inc. acquired a new stake in Everest Group in the 4th quarter valued at about $1,400,000. Uncommon Cents Investing LLC acquired a new stake in Everest Group in the 4th quarter valued at about $1,016,000. Finally, Mackenzie Financial Corp acquired a new stake in Everest Group in the 4th quarter valued at about $15,446,000. 92.64% of the stock is currently owned by institutional investors and hedge funds.

Everest Group Stock Performance

NYSE EG opened at $364.70 on Friday. The firm’s fifty day moving average price is $375.85 and its two-hundred day moving average price is $379.54. The stock has a market cap of $19.42 billion, a PE ratio of 6.11, a PEG ratio of 3.22 and a beta of 0.56. Everest Group, Ltd. has a fifty-two week low of $331.08 and a fifty-two week high of $417.92. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.37 and a current ratio of 0.37.

Everest Group (NYSE:EG) last released its earnings results on Wednesday, February 7th. The company reported $25.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $14.63 by $10.55. Everest Group had a net margin of 17.26% and a return on equity of 25.05%. The business had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.85 billion. During the same quarter in the previous year, the business earned $12.21 earnings per share. Everest Group’s revenue for the quarter was up 12.4% on a year-over-year basis. On average, equities analysts expect that Everest Group, Ltd. will post 61.23 EPS for the current fiscal year.

Everest Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Tuesday, March 19th were given a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend was Monday, March 18th. Everest Group’s payout ratio is 11.72%.

Analysts Set New Price Targets

EG has been the subject of several recent analyst reports. TD Cowen assumed coverage on shares of Everest Group in a report on Wednesday, January 10th. They issued a “market perform” rating and a $421.00 price target on the stock. Morgan Stanley lowered their price target on shares of Everest Group from $466.00 to $450.00 and set an “overweight” rating on the stock in a report on Monday, April 15th. Citigroup cut shares of Everest Group from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $452.00 to $375.00 in a report on Monday, February 12th. Keefe, Bruyette & Woods raised their target price on shares of Everest Group from $445.00 to $457.00 and gave the stock an “outperform” rating in a report on Wednesday, April 10th. Finally, Wells Fargo & Company lowered their target price on shares of Everest Group from $402.00 to $397.00 and set an “equal weight” rating on the stock in a report on Thursday, April 11th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Everest Group currently has a consensus rating of “Moderate Buy” and an average target price of $432.11.

Insiders Place Their Bets

In related news, CEO Mike Karmilowicz bought 285 shares of Everest Group stock in a transaction dated Friday, February 9th. The stock was purchased at an average cost of $352.39 per share, with a total value of $100,431.15. Following the transaction, the chief executive officer now directly owns 10,586 shares of the company’s stock, valued at $3,730,400.54. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Roger M. Singer bought 500 shares of the stock in a transaction on Monday, February 12th. The shares were acquired at an average cost of $357.21 per share, for a total transaction of $178,605.00. Following the purchase, the director now directly owns 16,920 shares of the company’s stock, valued at approximately $6,043,993.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Mike Karmilowicz bought 285 shares of the stock in a transaction on Friday, February 9th. The stock was purchased at an average price of $352.39 per share, for a total transaction of $100,431.15. Following the completion of the purchase, the chief executive officer now directly owns 10,586 shares in the company, valued at $3,730,400.54. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 2,485 shares of company stock valued at $874,786. Corporate insiders own 1.20% of the company’s stock.

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.