Cwm LLC Buys New Shares in Everest Group, Ltd. (NYSE:EG)

Cwm LLC purchased a new stake in Everest Group, Ltd. (NYSE:EGFree Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 54,697 shares of the company’s stock, valued at approximately $19,340,000. Cwm LLC owned about 0.13% of Everest Group at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in EG. Allworth Financial LP acquired a new stake in shares of Everest Group during the 4th quarter worth about $25,000. Avior Wealth Management LLC acquired a new stake in shares of Everest Group during the 4th quarter worth about $25,000. Janiczek Wealth Management LLC acquired a new stake in shares of Everest Group during the 4th quarter worth about $27,000. Trifecta Capital Advisors LLC acquired a new stake in shares of Everest Group during the 4th quarter worth about $28,000. Finally, DT Investment Partners LLC acquired a new stake in shares of Everest Group during the 4th quarter worth about $31,000. Institutional investors and hedge funds own 92.64% of the company’s stock.

Wall Street Analysts Forecast Growth

EG has been the subject of a number of research reports. Morgan Stanley cut their target price on shares of Everest Group from $466.00 to $450.00 and set an “overweight” rating for the company in a research note on Monday, April 15th. Wells Fargo & Company cut their target price on shares of Everest Group from $402.00 to $397.00 and set an “equal weight” rating for the company in a research note on Thursday, April 11th. Keefe, Bruyette & Woods raised their price target on shares of Everest Group from $445.00 to $457.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. Citigroup lowered shares of Everest Group from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $452.00 to $375.00 in a research report on Monday, February 12th. Finally, TD Cowen initiated coverage on shares of Everest Group in a research report on Wednesday, January 10th. They set a “market perform” rating and a $421.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $432.11.

View Our Latest Research Report on EG

Insider Buying and Selling

In other Everest Group news, Director Roger M. Singer bought 500 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were acquired at an average cost of $357.21 per share, for a total transaction of $178,605.00. Following the transaction, the director now directly owns 16,920 shares in the company, valued at $6,043,993.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Roger M. Singer purchased 500 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were purchased at an average price of $357.21 per share, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Mark Kociancic purchased 1,000 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was purchased at an average price of $349.00 per share, for a total transaction of $349,000.00. Following the transaction, the chief financial officer now directly owns 25,733 shares in the company, valued at approximately $8,980,817. The disclosure for this purchase can be found here. Insiders have acquired a total of 2,485 shares of company stock worth $874,786 in the last ninety days. Company insiders own 1.20% of the company’s stock.

Everest Group Trading Up 2.8 %

Shares of Everest Group stock opened at $370.26 on Monday. The firm has a market capitalization of $19.72 billion, a PE ratio of 6.20, a price-to-earnings-growth ratio of 3.27 and a beta of 0.56. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.26. The firm’s 50 day moving average is $375.96 and its 200 day moving average is $380.18. Everest Group, Ltd. has a 1 year low of $331.08 and a 1 year high of $417.92.

Everest Group (NYSE:EGGet Free Report) last announced its quarterly earnings results on Wednesday, February 7th. The company reported $25.18 earnings per share (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 company had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.85 billion. During the same period in the previous year, the firm posted $12.21 EPS. The firm’s revenue was up 12.4% on a year-over-year basis. Equities research analysts forecast that Everest Group, Ltd. will post 61.21 earnings per share for the current fiscal year.

Everest Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Tuesday, March 19th were given a dividend of $1.75 per share. The ex-dividend date was Monday, March 18th. This represents a $7.00 annualized dividend and a yield of 1.89%. Everest Group’s dividend payout ratio is presently 11.72%.

Everest Group Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Everest Group (NYSE:EG)

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