159 Shares in Everest Group, Ltd. (NYSE:EG) Acquired by Key Financial Inc

Key Financial Inc acquired a new position in shares of Everest Group, Ltd. (NYSE:EG) in the 4th quarter, Holdings Channel reports. The fund acquired 159 shares of the company’s stock, valued at approximately $56,000.

Other institutional investors have also modified their holdings of the company. Allworth Financial LP purchased a new stake in shares of Everest Group during the 4th quarter worth approximately $25,000. Avior Wealth Management LLC purchased a new stake in shares of Everest Group during the 4th quarter worth approximately $25,000. Janiczek Wealth Management LLC purchased a new stake in shares of Everest Group during the 4th quarter worth approximately $27,000. Trifecta Capital Advisors LLC purchased a new stake in shares of Everest Group during the 4th quarter worth approximately $28,000. Finally, Toth Financial Advisory Corp purchased a new stake in shares of Everest Group during the 4th quarter worth approximately $46,000. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Insider Buying and Selling at Everest Group

In related news, Director Roger M. Singer acquired 500 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was bought at an average price of $357.21 per share, with a total value of $178,605.00. Following the purchase, the director now directly owns 16,920 shares in the company, valued at approximately $6,043,993.20. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Everest Group news, CFO Mark Kociancic purchased 1,000 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were purchased at an average price of $349.00 per share, for a total transaction of $349,000.00. Following the completion of the acquisition, the chief financial officer now owns 25,733 shares of the company’s stock, valued at approximately $8,980,817. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Roger M. Singer purchased 500 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was acquired at an average price of $357.21 per share, for a total transaction of $178,605.00. Following the acquisition, the director now directly owns 16,920 shares of the company’s stock, valued at approximately $6,043,993.20. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 2,485 shares of company stock worth $874,786. Corporate insiders own 1.40% of the company’s stock.

Everest Group Price Performance

Everest Group stock opened at $357.20 on Thursday. Everest Group, Ltd. has a 52 week low of $331.08 and a 52 week high of $417.92. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.26. The firm’s 50-day simple moving average is $375.51 and its 200 day simple moving average is $380.33. The firm has a market capitalization of $19.02 billion, a PE ratio of 5.98, a P/E/G ratio of 3.18 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 EPS for the quarter, topping 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 period in the previous year, the firm earned $12.21 EPS. The business’s revenue for the quarter was up 12.4% compared to the same quarter last year. On average, equities research analysts predict that Everest Group, Ltd. will post 61.21 EPS for the current fiscal year.

Everest Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Tuesday, March 19th were issued a $1.75 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $7.00 dividend on an annualized basis and a yield of 1.96%. Everest Group’s dividend payout ratio (DPR) is 11.72%.

Analyst Ratings Changes

EG has been the subject of several recent analyst reports. Keefe, Bruyette & Woods boosted their price objective on shares of Everest Group from $445.00 to $457.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. TD Cowen started coverage on shares of Everest Group in a report on Wednesday, January 10th. They issued a “market perform” rating and a $421.00 target price on the stock. Citigroup cut shares of Everest Group from a “buy” rating to a “neutral” rating and cut their target price for the company from $452.00 to $375.00 in a report on Monday, February 12th. Wells Fargo & Company cut 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. Finally, Morgan Stanley cut their target price on shares of Everest Group from $466.00 to $450.00 and set an “overweight” rating on the stock in a report on Monday. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently 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.