Everest Group, Ltd. (NYSE:EG) Shares Bought by Graham Capital Management L.P.

Graham Capital Management L.P. grew its stake in shares of Everest Group, Ltd. (NYSE:EG) by 146.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,022 shares of the company’s stock after buying an additional 1,203 shares during the period. Graham Capital Management L.P.’s holdings in Everest Group were worth $733,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. SBI Securities Co. Ltd. acquired a new position in Everest Group in the 4th quarter valued at $31,000. Optiver Holding B.V. purchased a new stake in shares of Everest Group in the fourth quarter valued at $51,000. Wilmington Savings Fund Society FSB increased its stake in Everest Group by 19.6% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 195 shares of the company’s stock valued at $71,000 after purchasing an additional 32 shares during the last quarter. Private Trust Co. NA increased its stake in Everest Group by 48.5% in the fourth quarter. Private Trust Co. NA now owns 196 shares of the company’s stock valued at $71,000 after purchasing an additional 64 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in Everest Group by 43.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 211 shares of the company’s stock worth $76,000 after buying an additional 64 shares during the period. Institutional investors and hedge funds own 92.64% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on EG shares. Raymond James restated a “strong-buy” rating and issued a $410.00 price target (down previously from $420.00) on shares of Everest Group in a report on Tuesday, May 6th. Wells Fargo & Company lowered their target price 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. BMO Capital Markets downgraded shares of Everest Group from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $453.00 to $375.00 in a research note on Thursday, January 30th. Morgan Stanley reiterated an “equal weight” rating and issued a $340.00 price target (down previously from $425.00) on shares of Everest Group in a report on Wednesday, February 5th. Finally, Jefferies Financial Group upgraded Everest Group from a “hold” rating to a “buy” rating and upped their price objective for the stock from $376.00 to $415.00 in a report on Friday, April 11th. 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $397.18.

Insider Activity at Everest Group

In other Everest Group news, Director Geraldine Losquadro sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $360.63, for a total value of $540,945.00. Following the completion of the transaction, the director now owns 12,279 shares in the company, valued at $4,428,175.77. This represents a 10.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.10% of the company’s stock.

Everest Group Price Performance

Everest Group stock opened at $342.06 on Thursday. The firm has a fifty day moving average of $351.79 and a 200-day moving average of $357.42. Everest Group, Ltd. has a 52-week low of $320.00 and a 52-week high of $407.30. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $14.55 billion, a P/E ratio of 10.89, a PEG ratio of 0.24 and a beta of 0.58.

Everest Group (NYSE:EG) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $6.45 earnings per share (EPS) 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 company had revenue of $4.26 billion during the quarter, compared to analyst estimates of $3.89 billion. During the same quarter in the prior year, the company posted $16.32 earnings per share. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. As a group, analysts predict that Everest Group, Ltd. will post 47.93 EPS for the current year.

Everest Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 17th were paid a $2.00 dividend. The ex-dividend date was Monday, March 17th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.34%. Everest Group’s dividend payout ratio (DPR) is currently 41.15%.

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.