EntryPoint Capital LLC Boosts Position in Everest Group, Ltd. (NYSE:EG)

EntryPoint Capital LLC raised its position in Everest Group, Ltd. (NYSE:EG) by 101.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,039 shares of the company’s stock after acquiring an additional 523 shares during the quarter. EntryPoint Capital LLC’s holdings in Everest Group were worth $377,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. World Investment Advisors LLC bought a new position in Everest Group in the 3rd quarter worth $120,564,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Everest Group by 442.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 308,155 shares of the company’s stock valued at $120,744,000 after buying an additional 251,337 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Everest Group during the 4th quarter valued at approximately $48,290,000. Truist Financial Corp increased its holdings in Everest Group by 7,580.7% in the 4th quarter. Truist Financial Corp now owns 92,936 shares of the company’s stock worth $33,686,000 after acquiring an additional 91,726 shares in the last quarter. Finally, FMR LLC raised its stake in Everest Group by 21.5% during the 3rd quarter. FMR LLC now owns 410,861 shares of the company’s stock worth $160,988,000 after acquiring an additional 72,822 shares during the period. 92.64% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on EG. Morgan Stanley reissued an “equal weight” rating and issued a $340.00 price objective (down from $425.00) on shares of Everest Group in a research note on Wednesday, February 5th. Barclays raised their price target on Everest Group from $461.00 to $470.00 and gave the company an “overweight” rating in a report on Tuesday, February 4th. BMO Capital Markets lowered Everest Group from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $453.00 to $375.00 in a research note on Thursday, January 30th. Keefe, Bruyette & Woods lifted their target price on Everest Group from $420.00 to $434.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. Finally, Wells Fargo & Company dropped their price target on Everest Group from $390.00 to $380.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $416.50.

Insider Buying and Selling at Everest Group

In other Everest Group news, Director Geraldine Losquadro sold 1,500 shares of the business’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $360.63, for a total transaction of $540,945.00. Following the transaction, the director now owns 12,279 shares in the company, valued at $4,428,175.77. The trade was a 10.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.20% of the company’s stock.

Everest Group Stock Up 1.0 %

NYSE EG opened at $366.04 on Thursday. The stock has a 50 day moving average price of $351.30 and a 200-day moving average price of $366.72. Everest Group, Ltd. has a one year low of $327.37 and a one year high of $407.30. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.40 and a current ratio of 0.40. The company has a market capitalization of $15.72 billion, a P/E ratio of 11.65, a P/E/G ratio of 0.24 and a beta of 0.61.

Everest Group (NYSE:EG) last released its quarterly earnings data on Monday, February 3rd. The company reported ($18.39) EPS for the quarter, missing the consensus estimate of $11.64 by ($30.03). Everest Group had a net margin of 7.95% and a return on equity of 9.04%. As a group, equities analysts predict that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Everest Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 17th will be paid a dividend of $2.00 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $8.00 annualized dividend and a yield of 2.19%. Everest Group’s payout ratio is currently 25.47%.

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.