Cary Street Partners Investment Advisory LLC Invests $1.51 Million in Everest Group, Ltd. (NYSE:EG)

Cary Street Partners Investment Advisory LLC purchased a new stake in Everest Group, Ltd. (NYSE:EG) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 4,277 shares of the company’s stock, valued at approximately $1,512,000.

Several other hedge funds also recently modified their holdings of the company. Cozad Asset Management Inc. bought a new position in Everest Group in the 4th quarter valued at $1,167,000. Kestra Private Wealth Services LLC bought a new stake in Everest Group during the 4th quarter worth about $1,929,000. Anchor Capital Advisors LLC bought a new position in shares of Everest Group in the fourth quarter worth about $2,260,000. Mather Group LLC. bought a new stake in shares of Everest Group during the fourth quarter valued at approximately $525,000. Finally, Retirement Systems of Alabama acquired a new stake in shares of Everest Group in the fourth quarter valued at approximately $3,382,000. Institutional investors and hedge funds own 92.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Keefe, Bruyette & Woods lifted their target price on Everest Group from $445.00 to $457.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. Citigroup cut 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 report on Monday, February 12th. 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 research note on Thursday, April 11th. Morgan Stanley dropped 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 note on Monday, April 15th. Finally, TD Cowen began 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 on the stock. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Everest Group presently has a consensus rating of “Moderate Buy” and an average target price of $432.11.

Insiders Place Their Bets

In other Everest Group news, Director Roger M. Singer bought 500 shares of Everest Group 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 completion of the acquisition, the director now owns 16,920 shares of the company’s stock, valued at approximately $6,043,993.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Everest Group news, COO James Allan Williamson acquired 700 shares of the company’s stock in a transaction on Friday, February 9th. The shares were purchased at an average price of $352.50 per share, for a total transaction of $246,750.00. Following the completion of the purchase, the chief operating officer now directly owns 11,749 shares of the company’s stock, valued at $4,141,522.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Roger M. Singer bought 500 shares of Everest Group stock in a transaction dated Monday, February 12th. The shares were acquired at an average price of $357.21 per share, with a total value of $178,605.00. Following the completion of the purchase, the director now directly owns 16,920 shares in the company, valued at approximately $6,043,993.20. The disclosure for this purchase can be found here. Insiders bought a total of 2,485 shares of company stock valued at $874,786 in the last quarter. 1.20% of the stock is currently owned by insiders.

Everest Group Stock Down 1.3 %

Shares of EG stock traded down $4.97 during trading hours on Tuesday, hitting $364.14. 265,660 shares of the company were exchanged, compared to its average volume of 366,911. Everest Group, Ltd. has a 52 week low of $331.08 and a 52 week 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 business has a 50 day moving average of $375.88 and a two-hundred day moving average of $379.23. The company has a market capitalization of $19.39 billion, a PE ratio of 5.99, a PEG ratio of 3.22 and a beta of 0.56.

Everest Group (NYSE:EG) last released its quarterly earnings results on Monday, April 29th. The company reported $16.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $15.98 by $0.34. The firm had revenue of $4.13 billion for the quarter, compared to the consensus estimate of $4.05 billion. Everest Group had a return on equity of 25.05% and a net margin of 17.26%. The company’s revenue for the quarter was up 25.8% on a year-over-year basis. During the same quarter last year, the business posted $11.31 EPS. Analysts anticipate that Everest Group, Ltd. will post 61.23 earnings per share 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 paid a $1.75 dividend. This represents a $7.00 annualized dividend and a yield of 1.92%. The ex-dividend date was Monday, March 18th. 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.