Lindbrook Capital LLC Invests $37,000 in Everest Group, Ltd. (NYSE:EG)

Lindbrook Capital LLC acquired a new stake 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 (SEC). The firm acquired 105 shares of the company’s stock, valued at approximately $37,000.

A number of other institutional investors have also recently made changes to their positions in the business. Allworth Financial LP purchased a new stake in Everest Group during the 4th quarter worth about $25,000. Avior Wealth Management LLC purchased a new position in shares of Everest Group in the 4th quarter valued at about $25,000. Janiczek Wealth Management LLC acquired a new position in shares of Everest Group during the fourth quarter worth about $27,000. Trifecta Capital Advisors LLC purchased a new stake in shares of Everest Group during the fourth quarter worth approximately $28,000. Finally, DT Investment Partners LLC acquired a new stake in Everest Group in the fourth quarter valued at approximately $31,000. Institutional investors and hedge funds own 92.64% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on EG. Citigroup cut shares of Everest Group from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $452.00 to $375.00 in a report on Monday, February 12th. Morgan Stanley lowered their target price 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. Keefe, Bruyette & Woods increased their price objective on Everest Group from $445.00 to $457.00 and gave the company an “outperform” rating in a report on Wednesday, April 10th. Wells Fargo & Company decreased their target price on Everest Group from $402.00 to $397.00 and set an “equal weight” rating for the company in a research note on Thursday, April 11th. Finally, 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 on the stock. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $432.11.

Insider Activity

In other Everest Group news, Director Roger M. Singer acquired 500 shares of the firm’s stock in a transaction that occurred on 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 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 document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Roger M. Singer acquired 500 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was purchased at an average cost of $357.21 per share, for a total transaction of $178,605.00. Following the transaction, the director now directly owns 16,920 shares of the company’s stock, valued at approximately $6,043,993.20. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Mike Karmilowicz purchased 285 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was bought at an average cost of $352.39 per share, with a total value of $100,431.15. Following the completion of the acquisition, the chief executive officer now owns 10,586 shares of the company’s stock, valued at $3,730,400.54. The disclosure for this purchase can be found here. In the last three months, insiders purchased 2,485 shares of company stock worth $874,786. Company insiders own 1.20% of the company’s stock.

Everest Group Trading Down 0.3 %

EG opened at $364.70 on Friday. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.26. Everest Group, Ltd. has a 52 week low of $331.08 and a 52 week high of $417.92. The business’s 50 day moving average is $375.92 and its two-hundred day moving average is $379.71. The firm has a market cap of $19.42 billion, a price-to-earnings ratio of 6.11, a price-to-earnings-growth ratio of 3.23 and a beta of 0.56.

Everest Group (NYSE:EG) last announced its earnings results on Wednesday, February 7th. The company reported $25.18 EPS for the quarter, beating analysts’ consensus estimates of $14.63 by $10.55. The business had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.85 billion. Everest Group had a net margin of 17.26% and a return on equity of 25.05%. The company’s quarterly revenue was up 12.4% on a year-over-year basis. During the same period in the previous year, the company posted $12.21 EPS. On average, research analysts predict that Everest Group, Ltd. will post 61.23 EPS for the current year.

Everest Group Dividend Announcement

The company also recently disclosed 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 of this dividend was Monday, March 18th. This represents a $7.00 dividend on an annualized basis and a yield of 1.92%. Everest Group’s payout ratio is currently 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.