Larson Financial Group LLC Takes Position in Everest Group, Ltd. (NYSE:EG)

Larson Financial Group LLC acquired a new stake in shares of Everest Group, Ltd. (NYSE:EG) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 133 shares of the company’s stock, valued at approximately $47,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. California Public Employees Retirement System bought a new stake in Everest Group in the 4th quarter valued at $58,360,000. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in Everest Group in the 4th quarter valued at $39,992,000. Zweig DiMenna Associates LLC bought a new stake in Everest Group in the 4th quarter valued at $35,503,000. Allspring Global Investments Holdings LLC purchased a new position in shares of Everest Group in the 4th quarter worth $31,810,000. Finally, Strs Ohio purchased a new position in shares of Everest Group in the 4th quarter worth $23,980,000. 92.64% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Everest Group

In related news, CFO Mark Kociancic acquired 1,000 shares of the stock in a transaction on Friday, February 9th. The stock was bought at an average cost of $349.00 per share, with a total value of $349,000.00. Following the transaction, the chief financial officer now directly owns 25,733 shares in the company, valued at $8,980,817. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Everest Group news, CFO Mark Kociancic purchased 1,000 shares of Everest Group stock in a transaction dated Friday, February 9th. The stock was acquired at an average price of $349.00 per share, for a total transaction of $349,000.00. Following the acquisition, the chief financial officer now owns 25,733 shares in the company, valued at approximately $8,980,817. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO James Allan Williamson purchased 700 shares of Everest Group stock in a transaction dated Friday, February 9th. The stock was acquired at an average price of $352.50 per share, with a total value of $246,750.00. Following the acquisition, the chief operating officer now owns 11,749 shares in the company, valued at approximately $4,141,522.50. The disclosure for this purchase can be found here. Insiders purchased a total of 2,485 shares of company stock valued at $874,786 in the last three months. Company insiders own 1.20% of the company’s stock.

Everest Group Price Performance

EG stock opened at $364.70 on Friday. Everest Group, Ltd. has a 12 month low of $331.08 and a 12 month high of $417.92. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.26. The company has a 50-day moving average price of $375.92 and a 200 day moving average price of $379.71. The stock has a market cap of $19.42 billion, a PE ratio of 6.11, a P/E/G ratio of 3.23 and a beta of 0.56.

Everest Group (NYSE:EG) last released its quarterly earnings data 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. The company had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.85 billion. Everest Group had a net margin of 17.26% and a return on equity of 25.05%. The firm’s quarterly revenue was up 12.4% on a year-over-year basis. During the same period in the previous year, the company earned $12.21 EPS. Equities research analysts anticipate that Everest Group, Ltd. will post 61.23 earnings per share for the current year.

Everest Group Dividend Announcement

The business 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. The ex-dividend date was Monday, March 18th. This represents a $7.00 annualized dividend and a yield of 1.92%. Everest Group’s dividend payout ratio (DPR) is 11.72%.

Analysts Set New Price Targets

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

About Everest Group

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.