Peloton Wealth Strategists Purchases 183 Shares of Everest Group, Ltd. $EG

Peloton Wealth Strategists raised its stake in Everest Group, Ltd. (NYSE:EG) by 12.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,663 shares of the company’s stock after buying an additional 183 shares during the quarter. Peloton Wealth Strategists’ holdings in Everest Group were worth $604,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of EG. Captrust Financial Advisors lifted its stake in Everest Group by 11.3% in the fourth quarter. Captrust Financial Advisors now owns 2,588 shares of the company’s stock valued at $938,000 after buying an additional 262 shares in the last quarter. Deutsche Bank AG lifted its stake in Everest Group by 28.4% in the fourth quarter. Deutsche Bank AG now owns 232,730 shares of the company’s stock valued at $84,355,000 after buying an additional 51,492 shares in the last quarter. D. E. Shaw & Co. Inc. bought a new position in Everest Group in the fourth quarter valued at approximately $5,093,000. Ethic Inc. lifted its stake in Everest Group by 35.2% in the fourth quarter. Ethic Inc. now owns 5,122 shares of the company’s stock valued at $1,856,000 after buying an additional 1,334 shares in the last quarter. Finally, Graham Capital Management L.P. lifted its stake in Everest Group by 146.9% in the fourth quarter. Graham Capital Management L.P. now owns 2,022 shares of the company’s stock valued at $733,000 after buying an additional 1,203 shares in the last quarter. Institutional investors own 92.64% of the company’s stock.

Insider Activity

In other news, CEO James Allan Williamson acquired 1,000 shares of Everest Group stock in a transaction dated Wednesday, June 11th. The stock was bought at an average price of $337.97 per share, for a total transaction of $337,970.00. Following the completion of the acquisition, the chief executive officer directly owned 25,618 shares in the company, valued at approximately $8,658,115.46. The trade was a 4.06% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Wells Fargo & Company reaffirmed a “mixed” rating on shares of Everest Group in a research note on Monday, August 4th. Keefe, Bruyette & Woods boosted their price objective on shares of Everest Group from $405.00 to $416.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 6th. Barclays boosted their price objective on shares of Everest Group from $394.00 to $398.00 and gave the stock an “overweight” rating in a research report on Monday, July 7th. Cantor Fitzgerald raised shares of Everest Group to a “hold” rating in a research report on Wednesday, August 13th. Finally, Janney Montgomery Scott assumed coverage on shares of Everest Group in a research report on Friday, June 20th. They issued a “buy” rating and a $425.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $397.14.

Everest Group Stock Performance

Shares of EG opened at $339.63 on Tuesday. The firm has a 50-day moving average of $336.52 and a 200-day moving average of $343.96. Everest Group, Ltd. has a one year low of $320.00 and a one year high of $407.30. The company has a market cap of $14.24 billion, a PE ratio of 18.03, a price-to-earnings-growth ratio of 0.25 and a beta of 0.51. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.38 and a quick ratio of 0.38.

Everest Group (NYSE:EG) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $17.36 EPS for the quarter, beating analysts’ consensus estimates of $15.14 by $2.22. Everest Group had a net margin of 4.56% and a return on equity of 5.89%. The company had revenue of $4.49 billion during the quarter, compared to the consensus estimate of $4.22 billion. During the same quarter last year, the firm posted $16.85 EPS. The company’s quarterly revenue was up 6.2% on a year-over-year basis. As a group, equities analysts forecast that Everest Group, Ltd. will post 47.93 earnings per share for the current year.

Everest Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Wednesday, September 3rd will be issued a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Wednesday, September 3rd. Everest Group’s payout ratio is currently 42.46%.

About Everest Group

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.