226 Shares in Everest Group, Ltd. (NYSE:EG) Acquired by Sentry Investment Management LLC

Sentry Investment Management LLC purchased a new stake in Everest Group, Ltd. (NYSE:EG) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 226 shares of the company’s stock, valued at approximately $80,000.

Several other institutional investors also recently made changes to their positions in the stock. Allworth Financial LP acquired a new stake in Everest Group during the 4th quarter worth approximately $25,000. Janiczek Wealth Management LLC acquired a new stake in shares of Everest Group in the fourth quarter worth $27,000. Trifecta Capital Advisors LLC purchased a new position in shares of Everest Group in the 4th quarter valued at $28,000. Toth Financial Advisory Corp acquired a new position in shares of Everest Group during the 4th quarter valued at $46,000. Finally, Global Retirement Partners LLC purchased a new stake in Everest Group during the 4th quarter worth $102,000. 92.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on EG. Wells Fargo & Company reduced their price objective on Everest Group from $402.00 to $397.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 11th. Citigroup cut Everest Group from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $452.00 to $375.00 in a report on Monday, February 12th. TD Cowen began coverage on shares of Everest Group in a research note on Wednesday, January 10th. They set a “market perform” rating and a $421.00 price objective on the stock. Keefe, Bruyette & Woods upped their target price on shares of Everest Group from $445.00 to $457.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. Finally, Morgan Stanley dropped their price target on shares of Everest Group from $466.00 to $450.00 and set an “overweight” rating on the stock in a research note on Monday. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $432.11.

Everest Group Stock Performance

Shares of EG stock opened at $360.26 on Friday. The stock has a market capitalization of $19.19 billion, a price-to-earnings ratio of 6.03, a PEG ratio of 3.15 and a beta of 0.56. Everest Group, Ltd. has a one year low of $331.08 and a one year high of $417.92. The company’s 50-day simple moving average is $375.63 and its 200-day simple moving average is $380.20. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.37 and a current ratio of 0.37.

Everest Group (NYSE:EG) last issued its earnings results on Wednesday, February 7th. The company reported $25.18 EPS for the quarter, topping the consensus estimate of $14.63 by $10.55. Everest Group had a return on equity of 25.05% and a net margin of 17.26%. The company had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.85 billion. During the same quarter last year, the firm earned $12.21 EPS. The business’s revenue was up 12.4% on a year-over-year basis. Equities analysts anticipate that Everest Group, Ltd. will post 61.21 earnings per share for the current fiscal year.

Everest Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Tuesday, March 19th were paid a $1.75 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $7.00 annualized dividend and a dividend yield of 1.94%. Everest Group’s dividend payout ratio is currently 11.72%.

Insider Buying and Selling

In related news, Director Roger M. Singer purchased 500 shares of the company’s stock in a transaction on Monday, February 12th. The shares were bought 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 owns 16,920 shares of the company’s stock, valued at $6,043,993.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, COO James Allan Williamson purchased 700 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were acquired at an average price of $352.50 per share, for a total transaction of $246,750.00. Following the completion of the acquisition, the chief operating officer now directly owns 11,749 shares of the company’s stock, valued at $4,141,522.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Roger M. Singer acquired 500 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was purchased at an average cost of $357.21 per share, with a total value of $178,605.00. Following the purchase, the director now directly owns 16,920 shares in the company, valued at approximately $6,043,993.20. The disclosure for this purchase can be found here. Insiders have acquired 2,485 shares of company stock worth $874,786 in the last ninety days. 1.40% of the stock is currently owned by corporate insiders.

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.