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 its most recent filing with the SEC. The fund purchased 12,715 shares of the company’s stock, valued at approximately $4,496,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of EG. Assenagon Asset Management S.A. bought a new stake in Everest Group in the 4th quarter valued at $1,866,000. Red Door Wealth Management LLC bought a new stake in shares of Everest Group in the 4th quarter worth about $237,000. Uncommon Cents Investing LLC bought a new stake in shares of Everest Group in the 4th quarter worth about $1,016,000. Traynor Capital Management Inc. bought a new stake in shares of Everest Group in the 4th quarter worth about $466,000. Finally, Global Retirement Partners LLC bought a new stake in shares of Everest Group in the 4th quarter worth about $102,000. 92.64% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CFO Mark Kociancic purchased 1,000 shares of the business’s stock in a transaction dated 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 purchase, the chief financial officer now owns 25,733 shares in the company, valued at approximately $8,980,817. The purchase was disclosed in a document filed with the SEC, which is available at this link. In other news, CFO Mark Kociancic purchased 1,000 shares of the business’s stock in a transaction dated 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 purchase, the chief financial officer now owns 25,733 shares in the company, valued at approximately $8,980,817. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Mike Karmilowicz purchased 285 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were purchased at an average price of $352.39 per share, for a total transaction of $100,431.15. Following the purchase, the chief executive officer now owns 10,586 shares of the company’s stock, valued at approximately $3,730,400.54. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 2,485 shares of company stock worth $874,786. Company insiders own 1.20% of the company’s stock.

Everest Group Stock Performance

EG stock opened at $372.63 on Tuesday. 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 business’s fifty day simple moving average is $376.19 and its two-hundred day simple moving average is $380.08. Everest Group, Ltd. has a twelve month low of $331.08 and a twelve month high of $417.92. The firm has a market cap of $19.85 billion, a price-to-earnings ratio of 6.24, a PEG ratio of 3.27 and a beta of 0.56.

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

Everest Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders 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 annualized dividend and a dividend yield of 1.88%. Everest Group’s dividend payout ratio is currently 11.72%.

Wall Street Analysts Forecast Growth

EG has been the topic of a number of research reports. Wells Fargo & Company reduced 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. Morgan Stanley decreased their price target on Everest Group from $466.00 to $450.00 and set an “overweight” rating on the stock in a report on Monday, April 15th. Keefe, Bruyette & Woods increased their price target 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 set a “market perform” rating and a $421.00 price target on the stock. Finally, Citigroup lowered Everest Group from a “buy” rating to a “neutral” rating and decreased their price target for the company from $452.00 to $375.00 in a report on Monday, February 12th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Everest Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $432.11.

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.