CX Institutional Purchases Shares of 482 Everest Group, Ltd. (NYSE:EG)

CX Institutional purchased a new stake in shares of Everest Group, Ltd. (NYSE:EG) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 482 shares of the company’s stock, valued at approximately $175,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake in Everest Group by 39.9% during the 4th quarter. JPMorgan Chase & Co. now owns 109,775 shares of the company’s stock valued at $39,789,000 after purchasing an additional 31,306 shares in the last quarter. Wedge Capital Management L L P NC raised its position in shares of Everest Group by 14.3% during the first quarter. Wedge Capital Management L L P NC now owns 9,871 shares of the company’s stock worth $3,586,000 after purchasing an additional 1,235 shares during the period. Commonwealth Equity Services LLC lifted its holdings in shares of Everest Group by 25.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 12,055 shares of the company’s stock valued at $4,369,000 after purchasing an additional 2,438 shares during the last quarter. Brandywine Global Investment Management LLC lifted its holdings in shares of Everest Group by 108.5% during the fourth quarter. Brandywine Global Investment Management LLC now owns 12,423 shares of the company’s stock valued at $4,503,000 after purchasing an additional 6,466 shares during the last quarter. Finally, Merit Financial Group LLC acquired a new position in shares of Everest Group in the 1st quarter valued at $512,000. 92.64% of the stock is owned by institutional investors.

Everest Group Stock Down 1.5%

Shares of Everest Group stock opened at $334.74 on Monday. The stock has a 50-day moving average price of $345.89 and a 200 day moving average price of $352.56. The company has a market cap of $14.24 billion, a P/E ratio of 10.66, a P/E/G ratio of 0.24 and a beta of 0.53. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.26. Everest Group, Ltd. has a 1 year low of $320.00 and a 1 year high of $407.30.

Everest Group (NYSE:EG) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $6.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.46 by ($1.01). The business had revenue of $4.26 billion during the quarter, compared to analysts’ expectations of $3.89 billion. Everest Group had a return on equity of 9.04% and a net margin of 7.95%. The firm’s revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the company posted $16.32 earnings per share. As a group, analysts expect that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Everest Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Wednesday, May 28th were paid a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date was Wednesday, May 28th. Everest Group’s dividend payout ratio (DPR) is presently 41.15%.

Insider Transactions at Everest Group

In other news, CEO James Allan Williamson purchased 1,000 shares of the business’s stock in a transaction dated Wednesday, June 11th. The stock was bought at an average cost of $337.97 per share, with a total value of $337,970.00. Following the purchase, the chief executive officer now directly owns 25,618 shares of the company’s stock, valued at approximately $8,658,115.46. This trade represents a 4.06% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Geraldine Losquadro sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $360.63, for a total value of $540,945.00. Following the sale, the director now directly owns 12,279 shares of the company’s stock, valued at $4,428,175.77. This trade represents a 10.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. UBS Group decreased their price target on Everest Group from $375.00 to $372.00 and set a “neutral” rating for the company in a research report on Wednesday, April 9th. Barclays decreased their price target on Everest Group from $470.00 to $394.00 and set an “overweight” rating for the company in a research report on Friday, April 11th. Morgan Stanley increased their price target on Everest Group from $330.00 to $350.00 and gave the company an “equal weight” rating in a research report on Monday, May 19th. Keefe, Bruyette & Woods decreased their price target on Everest Group from $434.00 to $402.00 and set an “outperform” rating for the company in a research report on Wednesday, April 9th. Finally, Raymond James reiterated a “strong-buy” rating and issued a $410.00 price target (down previously from $420.00) on shares of Everest Group in a research report on Tuesday, May 6th. Six investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Everest Group presently has an average rating of “Moderate Buy” and a consensus price target of $398.09.

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.