CENTRAL TRUST Co Purchases 159 Shares of Everest Group, Ltd. (NYSE:EG)

CENTRAL TRUST Co increased its stake in shares of Everest Group, Ltd. (NYSE:EG) by 44.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 518 shares of the company’s stock after purchasing an additional 159 shares during the quarter. CENTRAL TRUST Co’s holdings in Everest Group were worth $188,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of EG. Bruce G. Allen Investments LLC lifted its holdings in Everest Group by 200.0% in the third quarter. Bruce G. Allen Investments LLC now owns 78 shares of the company’s stock valued at $31,000 after buying an additional 52 shares during the period. Eastern Bank acquired a new stake in Everest Group in the third quarter worth $35,000. Brooklyn Investment Group acquired a new stake in Everest Group in the third quarter worth $39,000. Private Trust Co. NA raised its holdings in shares of Everest Group by 51.7% during the third quarter. Private Trust Co. NA now owns 132 shares of the company’s stock worth $52,000 after acquiring an additional 45 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Everest Group during the third quarter worth $64,000. 92.64% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Barclays raised their price objective on shares of Everest Group from $461.00 to $470.00 and gave the stock an “overweight” rating in a report on Tuesday. Keefe, Bruyette & Woods lifted their price objective on shares of Everest Group from $420.00 to $434.00 and gave the stock an “outperform” rating in a research note on Friday, January 10th. UBS Group raised shares of Everest Group to a “hold” rating in a report on Wednesday, October 9th. Bank of America reduced their target price on shares of Everest Group from $496.00 to $485.00 and set a “buy” rating on the stock in a report on Thursday, October 10th. Finally, BMO Capital Markets lowered shares of Everest Group from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $453.00 to $375.00 in a research note on Thursday, January 30th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $423.56.

Everest Group Stock Down 1.0 %

Everest Group stock opened at $341.72 on Wednesday. Everest Group, Ltd. has a 1-year low of $336.49 and a 1-year high of $407.30. The firm has a market capitalization of $14.69 billion, a price-to-earnings ratio of 5.35, a price-to-earnings-growth ratio of 2.50 and a beta of 0.65. The firm’s fifty day moving average price is $363.53 and its two-hundred day moving average price is $374.38. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.22.

Everest Group (NYSE:EG) last released its quarterly earnings results on Monday, February 3rd. The company reported ($18.39) earnings per share for the quarter, missing analysts’ consensus estimates of $11.64 by ($30.03). Everest Group had a net margin of 16.99% and a return on equity of 22.45%. On average, equities research analysts predict that Everest Group, Ltd. will post 36.3 earnings per share for the current fiscal year.

Everest Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Wednesday, November 27th were issued a dividend of $2.00 per share. The ex-dividend date was Wednesday, November 27th. This represents a $8.00 dividend on an annualized basis and a yield of 2.34%. Everest Group’s dividend payout ratio (DPR) is presently 12.52%.

Insider Buying and Selling

In other news, COO James Allan Williamson sold 200 shares of Everest Group stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $370.00, for a total value of $74,000.00. Following the completion of the transaction, the chief operating officer now owns 15,009 shares in the company, valued at $5,553,330. This trade represents a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.20% of the stock is currently owned by corporate insiders.

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.