Foster & Motley Inc. Purchases Shares of 12,715 Everest Group, Ltd. (NYSE:EG)

Foster & Motley Inc. purchased a new stake in Everest Group, Ltd. (NYSE:EG) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 12,715 shares of the company’s stock, valued at approximately $4,496,000.

A number of other hedge funds also recently bought and sold shares of EG. Allworth Financial LP acquired a new stake in Everest Group in the 4th quarter valued at about $25,000. Avior Wealth Management LLC purchased a new position in shares of Everest Group in the 4th quarter valued at about $25,000. Janiczek Wealth Management LLC purchased a new position in shares of Everest Group in the 4th quarter valued at about $27,000. Trifecta Capital Advisors LLC purchased a new position in shares of Everest Group in the 4th quarter valued at about $28,000. Finally, DT Investment Partners LLC purchased a new position in shares of Everest Group in the 4th quarter valued at about $31,000. Institutional investors and hedge funds own 92.64% of the company’s stock.

Everest Group Trading Up 0.6 %

NYSE:EG opened at $372.63 on Tuesday. The stock’s 50 day moving average price is $376.19 and its 200 day moving average price is $380.08. The company has a market capitalization of $19.85 billion, a PE ratio of 6.24, a P/E/G ratio of 3.27 and a beta of 0.56. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.26. Everest Group, Ltd. has a 52-week low of $331.08 and a 52-week high of $417.92.

Everest Group (NYSE:EG) last released its quarterly earnings results on Wednesday, February 7th. The company reported $25.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $14.63 by $10.55. Everest Group had a return on equity of 25.05% and a net margin of 17.26%. The firm had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.85 billion. During the same quarter last year, the business posted $12.21 EPS. The firm’s quarterly revenue was up 12.4% compared to the same quarter last year. On average, research analysts anticipate that Everest Group, Ltd. will post 61.21 EPS for the current year.

Everest Group Announces Dividend

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 dividend of $1.75 per share. 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 1.88%. Everest Group’s payout ratio is 11.72%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Morgan Stanley dropped their price objective on Everest Group from $466.00 to $450.00 and set an “overweight” rating on the stock in a report on Monday, April 15th. Wells Fargo & Company dropped their price objective on Everest Group from $402.00 to $397.00 and set an “equal weight” rating on the stock in a report on Thursday, April 11th. Keefe, Bruyette & Woods increased their price objective on Everest Group from $445.00 to $457.00 and gave the company an “outperform” rating in a report on Wednesday, April 10th. TD Cowen assumed coverage on Everest Group in a report on Wednesday, January 10th. They issued a “market perform” rating and a $421.00 price objective on the stock. Finally, Citigroup downgraded Everest Group from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $452.00 to $375.00 in a report on Monday, February 12th. 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 company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $432.11.

Insiders Place Their Bets

In related news, CFO Mark Kociancic acquired 1,000 shares of the firm’s 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 owns 25,733 shares of the company’s stock, valued at $8,980,817. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Roger M. Singer acquired 500 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was bought at an average cost of $357.21 per share, with a total value of $178,605.00. Following the transaction, the director now owns 16,920 shares of the company’s stock, valued at $6,043,993.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 cost of $349.00 per share, with a total value of $349,000.00. Following the completion of the acquisition, the chief financial officer now directly owns 25,733 shares in the company, valued at $8,980,817. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 2,485 shares of company stock valued at $874,786. 1.20% of the stock is owned by company insiders.

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.