47,159 Shares in Everest Group, Ltd. (NYSE:EG) Acquired by Natixis Advisors L.P.

Natixis Advisors L.P. purchased a new stake in shares of Everest Group, Ltd. (NYSE:EG) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 47,159 shares of the company’s stock, valued at approximately $16,674,000.

Other institutional investors also recently bought and sold shares of the company. California Public Employees Retirement System purchased a new position in shares of Everest Group during the fourth quarter valued at approximately $58,360,000. Swiss National Bank bought a new stake in Everest Group during the 4th quarter valued at approximately $47,981,000. Victory Capital Management Inc. purchased a new position in shares of Everest Group during the 4th quarter worth approximately $40,865,000. Sumitomo Mitsui Trust Holdings Inc. bought a new position in shares of Everest Group in the 4th quarter worth approximately $39,992,000. Finally, Zweig DiMenna Associates LLC purchased a new position in shares of Everest Group in the 4th quarter valued at approximately $35,503,000. 92.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Everest Group

In other news, Director Roger M. Singer bought 500 shares of Everest Group stock in a transaction dated Monday, February 12th. The shares were purchased at an average cost of $357.21 per share, with a total value of $178,605.00. Following the completion of the acquisition, the director now owns 16,920 shares of the company’s stock, valued at approximately $6,043,993.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CFO Mark Kociancic acquired 1,000 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was acquired at an average price of $349.00 per share, with a total value of $349,000.00. Following the completion of the purchase, the chief financial officer now directly owns 25,733 shares in the company, valued at $8,980,817. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Roger M. Singer bought 500 shares of the business’s stock in a transaction dated 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 purchase, the director now owns 16,920 shares of the company’s stock, valued at approximately $6,043,993.20. The disclosure for this purchase can be found here. Insiders acquired a total of 2,485 shares of company stock valued at $874,786 over the last 90 days. Company insiders own 1.20% of the company’s stock.

Everest Group Stock Up 2.5 %

Shares of EG stock opened at $379.00 on Tuesday. The company has a current ratio of 0.35, a quick ratio of 0.37 and a debt-to-equity ratio of 0.25. The company has a 50 day simple moving average of $376.26 and a two-hundred day simple moving average of $378.09. The stock has a market cap of $20.19 billion, a P/E ratio of 5.63, a P/E/G ratio of 3.25 and a beta of 0.57. Everest Group, Ltd. has a 12 month low of $331.08 and a 12 month high of $417.92.

Everest Group (NYSE:EG) last announced its quarterly earnings data on Monday, April 29th. The company reported $16.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $15.98 by $0.34. The company had revenue of $4.13 billion during the quarter, compared to the consensus estimate of $4.05 billion. Everest Group had a return on equity of 24.86% and a net margin of 18.69%. The firm’s revenue was up 25.8% on a year-over-year basis. During the same period in the previous year, the company posted $11.31 EPS. On average, research analysts expect that Everest Group, Ltd. will post 61.49 earnings per share for the current year.

Everest Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Tuesday, March 19th were given a $1.75 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $7.00 annualized dividend and a dividend yield of 1.85%. Everest Group’s payout ratio is 10.40%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on EG. Citigroup cut Everest Group from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $452.00 to $375.00 in a research note on Monday, February 12th. Keefe, Bruyette & Woods increased their price target on shares of Everest Group from $445.00 to $457.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 10th. Morgan Stanley cut their price objective on shares of Everest Group from $466.00 to $450.00 and set an “overweight” rating on the stock in a report on Monday, April 15th. TD Cowen started coverage on shares of Everest Group in a report on Wednesday, January 10th. They set a “market perform” rating and a $421.00 target price for the company. Finally, Wells Fargo & Company reduced their price objective on Everest Group from $402.00 to $397.00 and set an “equal weight” rating for the company in a research report on Thursday, April 11th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Everest Group presently has an average rating of “Moderate Buy” and an average target price of $432.11.

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.