Tokio Marine Asset Management Co. Ltd. Buys New Holdings in Everest Group, Ltd. (NYSE:EG)

Tokio Marine Asset Management Co. Ltd. bought a new stake in Everest Group, Ltd. (NYSE:EG) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,151 shares of the company’s stock, valued at approximately $407,000.

Other large investors have also recently bought and sold shares of the company. Allworth Financial LP purchased a new stake in Everest Group in the fourth quarter valued at approximately $25,000. Avior Wealth Management LLC acquired a new position in shares of Everest Group during the 4th quarter worth approximately $25,000. Janiczek Wealth Management LLC acquired a new position in shares of Everest Group during the 4th quarter worth approximately $27,000. Trifecta Capital Advisors LLC acquired a new position in shares of Everest Group during the 4th quarter worth approximately $28,000. Finally, DT Investment Partners LLC acquired a new position in shares of Everest Group during the 4th quarter worth approximately $31,000. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Insider Transactions at Everest Group

In other news, Director Roger M. Singer bought 500 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was bought at an average cost of $357.21 per share, for a total transaction of $178,605.00. Following the acquisition, the director now directly owns 16,920 shares of the company’s stock, valued at approximately $6,043,993.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Mark Kociancic bought 1,000 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was bought at an average cost of $349.00 per share, for a total transaction of $349,000.00. Following the acquisition, the chief financial officer now directly owns 25,733 shares of the company’s stock, valued at approximately $8,980,817. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Roger M. Singer bought 500 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were purchased at an average price 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 in the company, valued at $6,043,993.20. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 2,485 shares of company stock worth $874,786. 1.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. 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 research note on Wednesday, April 10th. Morgan Stanley dropped their target price on Everest Group from $466.00 to $450.00 and set an “overweight” rating for the company in a report on Monday, April 15th. Wells Fargo & Company dropped their target price on Everest Group from $402.00 to $397.00 and set an “equal weight” rating for the company in a report on Thursday, April 11th. Citigroup cut Everest Group from a “buy” rating to a “neutral” rating and dropped their target price for the company from $452.00 to $375.00 in a report on Monday, February 12th. Finally, TD Cowen initiated coverage on Everest Group in a report on Wednesday, January 10th. They issued a “market perform” rating and a $421.00 target price for the company. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $432.11.

Everest Group Stock Performance

NYSE EG opened at $364.70 on Monday. The stock has a market cap of $19.42 billion, a PE ratio of 6.11, a P/E/G ratio of 3.22 and a beta of 0.56. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.26. Everest Group, Ltd. has a twelve month low of $331.08 and a twelve month high of $417.92. The stock has a fifty day simple moving average of $375.85 and a 200-day simple moving average of $379.41.

Everest Group (NYSE:EG) last released its quarterly earnings results on Wednesday, February 7th. The company reported $25.18 earnings per share for the quarter, topping analysts’ consensus estimates of $14.63 by $10.55. The business had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.85 billion. Everest Group had a return on equity of 25.05% and a net margin of 17.26%. The company’s revenue was up 12.4% compared to the same quarter last year. During the same period in the prior year, the business posted $12.21 EPS. Equities analysts anticipate that Everest Group, Ltd. will post 61.23 earnings per share for the current year.

Everest Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Tuesday, March 19th were issued a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date was Monday, March 18th. Everest Group’s dividend payout ratio 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.