40,998 Shares in Everest Group, Ltd. (NYSE:EG) Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Everest Group, Ltd. (NYSE:EG) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 40,998 shares of the company’s stock, valued at approximately $14,496,000. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.09% of Everest Group as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in Everest Group during the fourth quarter worth $39,992,000. Zweig DiMenna Associates LLC acquired a new position in Everest Group during the fourth quarter worth $35,503,000. Allspring Global Investments Holdings LLC acquired a new position in Everest Group during the fourth quarter worth $31,810,000. Strs Ohio acquired a new position in Everest Group during the fourth quarter worth $23,980,000. Finally, New York State Teachers Retirement System acquired a new position in Everest Group during the fourth quarter worth $19,854,000. Institutional investors and hedge funds own 92.64% of the company’s stock.

Everest Group Trading Up 0.9 %

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

Everest Group (NYSE:EG) last announced its earnings results on Wednesday, February 7th. The company reported $25.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $14.63 by $10.55. The firm 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 business’s revenue was up 12.4% on a year-over-year basis. During the same period in the prior year, the firm earned $12.21 EPS. As a group, equities research analysts expect that Everest Group, Ltd. will post 61.21 EPS for the current fiscal year.

Everest Group Dividend Announcement

The company also recently announced 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 was Monday, March 18th. This represents a $7.00 dividend on an annualized basis and a dividend yield of 1.94%. Everest Group’s dividend payout ratio (DPR) is presently 11.72%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on EG. Wells Fargo & Company decreased their price target 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. TD Cowen began coverage on 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. Citigroup lowered Everest Group from a “buy” rating to a “neutral” rating and decreased their price target for the company from $452.00 to $375.00 in a research note on Monday, February 12th. Morgan Stanley decreased their price target on Everest Group from $466.00 to $450.00 and set an “overweight” rating on the stock in a research note on Monday. Finally, Keefe, Bruyette & Woods upped their price target on Everest Group from $445.00 to $457.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $432.11.

Insider Activity at Everest Group

In other news, CEO Mike Karmilowicz bought 285 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was purchased at an average cost of $352.39 per share, with a total value of $100,431.15. Following the transaction, the chief executive officer now directly owns 10,586 shares in the company, valued at $3,730,400.54. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director Roger M. Singer acquired 500 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was bought at an average cost of $357.21 per share, with a total value of $178,605.00. Following the transaction, the director now owns 16,920 shares of the company’s stock, valued at $6,043,993.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mike Karmilowicz acquired 285 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was purchased 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. Insiders bought a total of 2,485 shares of company stock valued at $874,786 in the last three months. 1.40% of the stock is currently owned by company 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.