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

Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Everest Group, Ltd. (NYSE:EG) in the 4th quarter, Holdings Channel.com reports. The firm purchased 40,998 shares of the company’s stock, valued at approximately $14,496,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Allworth Financial LP acquired a new position in Everest Group in the fourth quarter worth about $25,000. Janiczek Wealth Management LLC acquired a new stake in shares of Everest Group during the fourth quarter worth approximately $27,000. Trifecta Capital Advisors LLC acquired a new stake in shares of Everest Group during the fourth quarter worth approximately $28,000. Toth Financial Advisory Corp acquired a new stake in shares of Everest Group during the fourth quarter worth approximately $46,000. Finally, Sentry Investment Management LLC acquired a new stake in shares of Everest Group during the fourth quarter worth approximately $80,000. Institutional investors and hedge funds own 92.64% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on EG shares. Citigroup lowered shares of Everest Group from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $452.00 to $375.00 in a report on Monday, February 12th. Morgan Stanley decreased their price target on shares of Everest Group from $466.00 to $450.00 and set an “overweight” rating on the stock in a research note on Monday. Wells Fargo & Company decreased 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 increased their price target on shares of Everest Group from $445.00 to $457.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. Finally, TD Cowen started coverage on shares of Everest Group in a research note on Wednesday, January 10th. They set a “market perform” rating and a $421.00 price target on the stock. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $432.11.

Insider Transactions at Everest Group

In related news, CEO Mike Karmilowicz acquired 285 shares of the stock in a transaction dated Friday, February 9th. The stock was bought at an average price of $352.39 per share, with a total value of $100,431.15. Following the completion of the transaction, the chief executive officer now directly owns 10,586 shares of the company’s stock, valued at $3,730,400.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Everest Group news, CEO Mike Karmilowicz bought 285 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was acquired at an average price of $352.39 per share, with a total value of $100,431.15. Following the completion of the transaction, the chief executive officer now owns 10,586 shares in the company, valued at $3,730,400.54. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO James Allan Williamson bought 700 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was acquired at an average cost of $352.50 per share, with a total value of $246,750.00. Following the transaction, the chief operating officer now owns 11,749 shares of the company’s stock, valued at approximately $4,141,522.50. The disclosure for this purchase can be found here. Insiders purchased 2,485 shares of company stock valued at $874,786 over the last quarter. Corporate insiders own 1.40% of the company’s stock.

Everest Group Stock Performance

Shares of EG stock opened at $360.26 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.37 and a current ratio of 0.37. Everest Group, Ltd. has a 52 week low of $331.08 and a 52 week high of $417.92. The company’s 50 day moving average price is $375.63 and its two-hundred day moving average price is $380.20. The company has a market capitalization of $19.19 billion, a P/E ratio of 6.03, a price-to-earnings-growth ratio of 3.15 and a beta of 0.56.

Everest Group (NYSE:EG) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $25.18 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $3.85 billion. During the same quarter in the prior year, the firm earned $12.21 earnings per share. The firm’s revenue was up 12.4% compared to the same quarter last year. On average, analysts expect that Everest Group, Ltd. will post 61.21 earnings per share for the current fiscal year.

Everest Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Tuesday, March 19th were given a dividend of $1.75 per share. This represents a $7.00 annualized dividend and a dividend yield of 1.94%. The ex-dividend date was Monday, March 18th. Everest Group’s dividend payout ratio is 11.72%.

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.