Savant Capital LLC Invests $240,000 in Everest Group, Ltd. (NYSE:EG)

Savant Capital LLC purchased a new position in shares of Everest Group, Ltd. (NYSE:EG) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 678 shares of the company’s stock, valued at approximately $240,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Jackson Creek Investment Advisors LLC acquired a new stake in shares of Everest Group during the 4th quarter worth approximately $301,000. Cary Street Partners Investment Advisory LLC acquired a new stake in Everest Group in the 4th quarter valued at approximately $1,512,000. Cozad Asset Management Inc. acquired a new stake in Everest Group in the 4th quarter valued at approximately $1,167,000. Kestra Private Wealth Services LLC acquired a new stake in Everest Group in the 4th quarter valued at approximately $1,929,000. Finally, Anchor Capital Advisors LLC acquired a new stake in Everest Group in the 4th quarter valued at approximately $2,260,000. Institutional investors and hedge funds own 92.64% of the company’s stock.

Everest Group Price Performance

Everest Group stock opened at $379.00 on Tuesday. The stock has a market cap of $20.19 billion, a P/E ratio of 5.63, a price-to-earnings-growth ratio of 3.25 and a beta of 0.57. The company has a fifty day simple moving average of $376.26 and a 200-day simple moving average of $378.09. Everest Group, Ltd. has a 12-month low of $331.08 and a 12-month high of $417.92. The company has a current ratio of 0.35, a quick ratio of 0.37 and a debt-to-equity ratio of 0.25.

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

Everest Group Announces Dividend

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 of this dividend was Monday, March 18th. This represents a $7.00 dividend on an annualized basis and a yield of 1.85%. Everest Group’s dividend payout ratio (DPR) is presently 10.40%.

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 other Everest Group news, COO James Allan Williamson bought 700 shares of Everest Group stock in a transaction dated Friday, February 9th. The stock was acquired at an average cost of $352.50 per share, with a total value of $246,750.00. Following the completion of the acquisition, the chief operating officer now owns 11,749 shares of the company’s stock, valued at $4,141,522.50. The purchase was disclosed in a legal filing with the SEC, which can be accessed 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

EG has been the subject of several research reports. Morgan Stanley dropped 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, April 15th. 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 report on Wednesday, January 10th. They issued a “market perform” rating and a $421.00 target price for the company. Wells Fargo & Company dropped 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 research note on Thursday, April 11th. Finally, 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. Three investment 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’s stock. According to MarketBeat, Everest Group has a consensus rating of “Moderate Buy” and a consensus price target of $432.11.

About Everest Group

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.