Louisiana State Employees Retirement System Takes Position in Everest Group, Ltd. (NYSE:EG)

Louisiana State Employees Retirement System purchased a new stake in shares of Everest Group, Ltd. (NYSE:EG) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 2,600 shares of the company’s stock, valued at approximately $919,000.

Other institutional investors have also recently made changes to their positions in the company. Ingalls & Snyder LLC acquired a new stake in Everest Group in the 4th quarter valued at approximately $1,486,000. Clarius Group LLC acquired a new stake in Everest Group in the 4th quarter valued at approximately $312,000. Signature Estate & Investment Advisors LLC acquired a new stake in Everest Group in the 4th quarter valued at approximately $2,487,000. Janiczek Wealth Management LLC acquired a new stake in Everest Group in the 4th quarter valued at approximately $27,000. Finally, Cerity Partners LLC acquired a new stake in Everest Group in the 4th quarter valued at approximately $8,055,000. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Everest Group Stock Performance

Shares of EG stock opened at $365.85 on Friday. 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 firm has a fifty day moving average price of $376.09 and a 200 day moving average price of $379.81. The company has a market cap of $19.49 billion, a P/E ratio of 6.13, a PEG ratio of 3.26 and a beta of 0.56. Everest Group, Ltd. has a 12 month low of $331.08 and a 12 month high of $417.92.

Everest Group (NYSE:EG) last issued its earnings results on Wednesday, February 7th. The company reported $25.18 EPS for the quarter, topping 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 firm had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.85 billion. During the same quarter in the previous year, the firm posted $12.21 earnings per share. The company’s revenue was up 12.4% compared to the same quarter last year. Sell-side analysts predict that Everest Group, Ltd. will post 61.21 earnings per share for the current fiscal year.

Everest Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Tuesday, March 19th were given a $1.75 dividend. The ex-dividend date was Monday, March 18th. This represents a $7.00 dividend on an annualized basis and a yield of 1.91%. Everest Group’s dividend payout ratio (DPR) is presently 11.72%.

Insider Activity at Everest Group

In related news, COO James Allan Williamson purchased 700 shares of Everest Group stock in a transaction that occurred on Friday, February 9th. The stock was purchased at an average cost of $352.50 per share, with a total value of $246,750.00. Following the completion of the transaction, the chief operating officer now directly owns 11,749 shares in the company, valued at $4,141,522.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, COO James Allan Williamson purchased 700 shares of Everest Group stock in a transaction that occurred on Friday, February 9th. The stock was purchased at an average cost of $352.50 per share, with a total value of $246,750.00. Following the completion of the transaction, the chief operating officer now directly owns 11,749 shares in the company, valued at $4,141,522.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, 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 stock was acquired at an average cost of $357.21 per share, with a total value of $178,605.00. Following the completion of the acquisition, the director now directly owns 16,920 shares of the company’s stock, valued at approximately $6,043,993.20. The disclosure for this purchase can be found here. Insiders purchased a total of 2,485 shares of company stock valued at $874,786 over the last ninety days. Insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on EG shares. Wells Fargo & Company dropped their target price 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. Keefe, Bruyette & Woods lifted 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 started 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. Citigroup downgraded shares of Everest Group from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $452.00 to $375.00 in a research note on Monday, February 12th. Finally, 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. Three 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $432.11.

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.