Key Financial Inc Invests $56,000 in Everest Group, Ltd. (NYSE:EG)

Key Financial Inc bought a new stake in shares of Everest Group, Ltd. (NYSE:EG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 159 shares of the company’s stock, valued at approximately $56,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of EG. Allworth Financial LP bought a new position in Everest Group during the 4th quarter valued at about $25,000. Avior Wealth Management LLC purchased a new stake in Everest Group in the 4th quarter valued at about $25,000. Janiczek Wealth Management LLC purchased a new stake in Everest Group in the 4th quarter valued at about $27,000. Trifecta Capital Advisors LLC purchased a new stake in Everest Group in the 4th quarter valued at about $28,000. Finally, Toth Financial Advisory Corp purchased a new stake in Everest Group in the 4th quarter valued at about $46,000. 92.64% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. TD Cowen assumed coverage on shares of Everest Group in a research report on Wednesday, January 10th. They issued a “market perform” rating and a $421.00 price objective for the company. Morgan Stanley lowered their price target on shares of Everest Group from $466.00 to $450.00 and set an “overweight” rating for the company in a research report on Monday. Wells Fargo & Company lowered their price target on shares of Everest Group from $402.00 to $397.00 and set an “equal weight” rating for the company in a research report on Thursday, April 11th. Citigroup cut shares of Everest Group from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $452.00 to $375.00 in a research report on Monday, February 12th. Finally, 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 note on Wednesday, April 10th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $432.11.

Insider Buying and Selling at Everest Group

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

Everest Group Trading Down 0.8 %

Shares of Everest Group stock opened at $357.20 on Thursday. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.26. Everest Group, Ltd. has a 12-month low of $331.08 and a 12-month high of $417.92. The firm has a market capitalization of $19.02 billion, a price-to-earnings ratio of 5.98, a PEG ratio of 3.18 and a beta of 0.56. The firm’s 50 day simple moving average is $375.51 and its two-hundred day simple moving average is $380.33.

Everest Group (NYSE:EG) last issued its quarterly earnings results on Wednesday, February 7th. The company reported $25.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 prior year, the business posted $12.21 EPS. Everest Group’s revenue for the quarter was up 12.4% compared to the same quarter last year. Analysts predict that Everest Group, Ltd. will post 61.21 EPS for the current year.

Everest Group Dividend Announcement

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

Everest Group 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.