Strs Ohio Acquires Shares of 67,821 Everest Group, Ltd. (NYSE:EG)

Strs Ohio acquired a new stake in Everest Group, Ltd. (NYSE:EG) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 67,821 shares of the company’s stock, valued at approximately $23,980,000.

Other large investors also recently bought and sold shares of the company. Uncommon Cents Investing LLC acquired a new position in Everest Group in the fourth quarter valued at $1,016,000. Oak Thistle LLC purchased a new stake in shares of Everest Group in the fourth quarter valued at about $2,717,000. Synergy Asset Management LLC purchased a new stake in shares of Everest Group in the fourth quarter valued at about $9,914,000. Grove Bank & Trust purchased a new stake in shares of Everest Group in the fourth quarter valued at about $154,000. Finally, State of Alaska Department of Revenue purchased a new stake in shares of Everest Group in the fourth quarter valued at about $5,821,000. Institutional investors and hedge funds own 92.64% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Citigroup cut shares of Everest Group from a “buy” rating to a “neutral” rating and reduced their target price for the company from $452.00 to $375.00 in a report on Monday, February 12th. Morgan Stanley reduced their target price on shares of Everest Group from $466.00 to $450.00 and set an “overweight” rating for the company in a report on Monday. Keefe, Bruyette & Woods upped their target price on shares of Everest Group from $445.00 to $457.00 and gave the company an “outperform” rating in a report on Wednesday, April 10th. TD Cowen initiated 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 for the company. Finally, Wells Fargo & Company cut 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 report on Thursday, April 11th. Three 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. According to MarketBeat, Everest Group currently 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 bought 1,000 shares of the company’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 completion of the acquisition, the chief financial officer now owns 25,733 shares in the company, valued at approximately $8,980,817. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Everest Group news, Director Roger M. Singer purchased 500 shares of the stock in a transaction dated Monday, February 12th. The shares were acquired at an average cost of $357.21 per share, for a total transaction of $178,605.00. Following the completion of the transaction, the director now directly owns 16,920 shares of the company’s stock, valued at $6,043,993.20. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, CFO Mark Kociancic purchased 1,000 shares of the 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 completion of the transaction, 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. Over the last three months, insiders purchased 2,485 shares of company stock valued at $874,786. Corporate insiders own 1.40% of the company’s stock.

Everest Group Trading Down 0.6 %

NYSE EG opened at $359.53 on Tuesday. 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 stock has a market capitalization of $15.60 billion, a P/E ratio of 6.02, a P/E/G ratio of 3.19 and a beta of 0.56. The firm has a 50-day moving average price of $376.46 and a 200 day moving average price of $380.58.

Everest Group (NYSE:EG) last issued its 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 company had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.85 billion. During the same period last year, the company posted $12.21 earnings per share. The firm’s quarterly revenue was up 12.4% compared to the same quarter last year. Equities research analysts expect that Everest Group, Ltd. will post 61.21 EPS for the current year.

Everest Group Announces Dividend

The business 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 1.95%. Everest Group’s dividend payout ratio (DPR) is presently 11.72%.

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.