F M Investments LLC Makes New $1.57 Million Investment in Everest Group, Ltd. (NYSE:EG)

F M Investments LLC bought a new position in shares of Everest Group, Ltd. (NYSE:EG) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 4,433 shares of the company’s stock, valued at approximately $1,567,000.

Several other large investors also recently bought and sold shares of the stock. Allworth Financial LP purchased a new stake in shares of Everest Group in the 4th quarter valued at $25,000. Avior Wealth Management LLC purchased a new stake in shares of Everest Group in the 4th quarter valued at $25,000. Janiczek Wealth Management LLC purchased a new stake in shares of Everest Group in the 4th quarter valued at $27,000. Trifecta Capital Advisors LLC purchased a new stake in shares of Everest Group in the 4th quarter valued at $28,000. Finally, DT Investment Partners LLC purchased a new stake in shares of Everest Group in the 4th quarter valued at $31,000. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Everest Group Trading Down 1.2 %

Shares of EG traded down $4.41 during mid-day trading on Tuesday, reaching $368.43. The stock had a trading volume of 285,044 shares, compared to its average volume of 369,519. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.37 and a quick ratio of 0.37. Everest Group, Ltd. has a 52-week low of $331.08 and a 52-week high of $417.92. The business’s fifty day moving average is $376.19 and its 200 day moving average is $380.08. The firm has a market cap of $19.62 billion, a price-to-earnings ratio of 6.17, a P/E/G ratio of 3.27 and a beta of 0.56.

Everest Group (NYSE:EG) last announced its earnings results on Wednesday, February 7th. The company reported $25.18 earnings per share for the quarter, topping the consensus estimate of $14.63 by $10.55. The company had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.85 billion. Everest Group had a net margin of 17.26% and a return on equity of 25.05%. Everest Group’s revenue was up 12.4% compared to the same quarter last year. During the same quarter last year, the firm posted $12.21 earnings per share. On average, sell-side analysts predict that Everest Group, Ltd. will post 61.21 EPS for the current fiscal year.

Everest Group Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend was Monday, March 18th. This represents a $7.00 annualized dividend and a dividend yield of 1.90%. Everest Group’s dividend payout ratio is presently 11.72%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. TD Cowen assumed coverage on shares of Everest Group in a research note on Wednesday, January 10th. They issued a “market perform” rating and a $421.00 target price for the company. Citigroup cut shares of Everest Group from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $452.00 to $375.00 in a research report on Monday, February 12th. Wells Fargo & Company reduced their price objective on shares of 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. Keefe, Bruyette & Woods upped their price objective 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. Finally, Morgan Stanley reduced their price objective on shares of Everest Group from $466.00 to $450.00 and set an “overweight” rating for the company in a research report on Monday, April 15th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $432.11.

Insider Transactions at Everest Group

In other news, COO James Allan Williamson bought 700 shares of Everest Group stock in a transaction that occurred on Friday, February 9th. The shares were purchased at an average price of $352.50 per share, with a total value of $246,750.00. Following the completion of the acquisition, the chief operating officer now directly owns 11,749 shares in the company, valued at $4,141,522.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, COO James Allan Williamson bought 700 shares of Everest Group stock in a transaction that occurred on Friday, February 9th. The shares were purchased at an average price of $352.50 per share, with a total value of $246,750.00. Following the completion of the acquisition, the chief operating officer now directly owns 11,749 shares in the company, valued at $4,141,522.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Mark Kociancic bought 1,000 shares of Everest Group stock in a transaction that occurred on Friday, February 9th. The stock was purchased at an average cost of $349.00 per share, for a total transaction of $349,000.00. Following the acquisition, the chief financial officer now owns 25,733 shares of the company’s stock, valued at $8,980,817. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 2,485 shares of company stock valued at $874,786. 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.