Leuthold Group LLC Purchases New Shares in Everest Group, Ltd. (NYSE:EG)

Leuthold Group LLC purchased a new position in Everest Group, Ltd. (NYSE:EG) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 18,870 shares of the company’s stock, valued at approximately $6,672,000.

A number of other large investors also recently added to or reduced their stakes in the stock. Allworth Financial LP purchased a new position in Everest Group in the 4th quarter worth approximately $25,000. Avior Wealth Management LLC acquired a new position in shares of Everest Group in the 4th quarter valued at $25,000. Headlands Technologies LLC acquired a new stake in shares of Everest Group during the 4th quarter worth about $25,000. Janiczek Wealth Management LLC purchased a new stake in Everest Group in the 4th quarter valued at about $27,000. Finally, Trifecta Capital Advisors LLC acquired a new position in Everest Group in the fourth quarter valued at about $28,000. 92.64% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO Mark Kociancic bought 1,000 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were acquired at an average cost of $349.00 per share, with a total value of $349,000.00. Following the completion of the transaction, the chief financial officer now owns 25,733 shares of the company’s stock, valued at $8,980,817. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Everest Group news, CEO Mike Karmilowicz acquired 285 shares of Everest Group stock in a transaction dated Friday, February 9th. The stock was acquired at an average cost of $352.39 per share, for a total transaction of $100,431.15. Following the completion of the transaction, the chief executive officer now owns 10,586 shares in the company, valued at approximately $3,730,400.54. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Mark Kociancic purchased 1,000 shares of the stock in a transaction dated Friday, February 9th. The shares were acquired at an average cost of $349.00 per share, for a total transaction of $349,000.00. Following the completion of the acquisition, the chief financial officer now directly owns 25,733 shares of the company’s stock, valued at approximately $8,980,817. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 2,485 shares of company stock worth $874,786. 1.20% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Citigroup lowered Everest Group from a “buy” rating to a “neutral” rating and cut their target price for the company from $452.00 to $375.00 in a research report on Monday, February 12th. TD Cowen assumed 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 target for the company. Morgan Stanley dropped their price objective on shares of Everest Group from $466.00 to $450.00 and set an “overweight” rating on the stock in a research report on Monday, April 15th. Wells Fargo & Company decreased their price objective 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. Finally, Keefe, Bruyette & Woods increased their target price on Everest Group from $445.00 to $457.00 and gave the company an “outperform” rating in a report on Wednesday, April 10th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Everest Group presently has an average rating of “Moderate Buy” and an average price target of $432.11.

Everest Group Stock Performance

NYSE EG traded down $1.51 on Tuesday, reaching $377.49. The stock had a trading volume of 43,561 shares, compared to its average volume of 367,985. The stock has a market cap of $20.11 billion, a P/E ratio of 5.63, a price-to-earnings-growth ratio of 3.25 and a beta of 0.57. Everest Group, Ltd. has a 12-month low of $331.08 and a 12-month high of $417.92. The business’s 50-day moving average price is $376.26 and its 200 day moving average price is $378.09. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.37 and a current ratio of 0.35.

Everest Group (NYSE:EG) last announced its earnings results on Monday, April 29th. The company reported $16.32 earnings per share for the quarter, beating the consensus estimate of $15.98 by $0.34. Everest Group had a return on equity of 24.86% and a net margin of 18.69%. The company had revenue of $4.13 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same period last year, the business posted $11.31 EPS. The company’s revenue was up 25.8% on a year-over-year basis. As a group, equities analysts expect that Everest Group, Ltd. will post 61.49 earnings per share for the current year.

Everest Group Dividend Announcement

The business also recently announced 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 was Monday, March 18th. This represents a $7.00 annualized dividend and a dividend yield of 1.85%. Everest Group’s payout ratio is currently 10.40%.

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.