Greenleaf Trust Takes $436,000 Position in Everest Group, Ltd. (NYSE:EG)

Greenleaf Trust bought a new stake in shares of Everest Group, Ltd. (NYSE:EG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,233 shares of the company’s stock, valued at approximately $436,000.

A number of other hedge funds have also recently modified their holdings of EG. Allworth Financial LP bought a new position in Everest Group in the 4th quarter worth about $25,000. Avior Wealth Management LLC bought a new position in Everest Group in the 4th quarter worth about $25,000. Janiczek Wealth Management LLC bought a new position in Everest Group in the 4th quarter worth about $27,000. Trifecta Capital Advisors LLC bought a new position in Everest Group in the 4th quarter worth about $28,000. Finally, Cambridge Trust Co. bought a new position in Everest Group in the 4th quarter worth about $32,000. Institutional investors own 92.64% of the company’s stock.

Insider Activity at Everest Group

In related news, CEO Mike Karmilowicz acquired 285 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was bought at an average cost of $352.39 per share, for a total transaction of $100,431.15. Following the purchase, the chief executive officer now owns 10,586 shares in the company, valued at approximately $3,730,400.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Mike Karmilowicz acquired 285 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was bought at an average cost of $352.39 per share, for a total transaction of $100,431.15. Following the purchase, the chief executive officer now owns 10,586 shares in the company, valued at approximately $3,730,400.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Roger M. Singer acquired 500 shares of the business’s stock in a transaction that occurred 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 purchase, the director now owns 16,920 shares in the company, valued at approximately $6,043,993.20. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 2,485 shares of company stock worth $874,786. 1.20% of the stock is owned by company insiders.

Everest Group Price Performance

NYSE EG opened at $368.43 on Wednesday. Everest Group, Ltd. has a 52 week low of $331.08 and a 52 week high of $417.92. The firm has a market capitalization of $19.62 billion, a P/E ratio of 6.17, a PEG ratio of 3.29 and a beta of 0.56. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.26. The company has a 50-day moving average price of $376.19 and a 200-day moving average price of $380.08.

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

Everest Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Tuesday, March 19th were paid a dividend of $1.75 per share. The ex-dividend date was Monday, March 18th. This represents a $7.00 dividend on an annualized basis and a dividend yield of 1.90%. Everest Group’s dividend payout ratio (DPR) is presently 11.72%.

Analyst Ratings Changes

A number of brokerages recently issued reports on EG. Wells Fargo & Company dropped their price target on shares of 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. Keefe, Bruyette & Woods boosted their target price on Everest Group from $445.00 to $457.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. Morgan Stanley decreased their target price on Everest Group from $466.00 to $450.00 and set an “overweight” rating for the company in a research report on Monday, April 15th. TD Cowen assumed coverage on Everest Group in a research report on Wednesday, January 10th. They issued a “market perform” rating and a $421.00 target price for the company. Finally, Citigroup lowered Everest Group from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $452.00 to $375.00 in a research report on Monday, February 12th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $432.11.

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.