Parkside Financial Bank & Trust Takes $48,000 Position in Everest Group, Ltd. (NYSE:EG)

Parkside Financial Bank & Trust purchased a new stake in Everest Group, Ltd. (NYSE:EG) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 137 shares of the company’s stock, valued at approximately $48,000.

Other institutional investors also recently modified their holdings of the company. Everence Capital Management Inc. bought a new position in shares of Everest Group in the fourth quarter valued at approximately $1,004,000. OVERSEA CHINESE BANKING Corp Ltd bought a new position in shares of Everest Group in the fourth quarter valued at approximately $904,000. Daiwa Securities Group Inc. bought a new position in shares of Everest Group in the fourth quarter valued at approximately $1,400,000. Uncommon Cents Investing LLC acquired a new stake in shares of Everest Group in the fourth quarter worth $1,016,000. Finally, Mackenzie Financial Corp acquired a new stake in shares of Everest Group in the fourth quarter worth $15,446,000. Institutional investors own 92.64% of the company’s stock.

Everest Group Stock Down 0.3 %

EG opened at $364.70 on Friday. Everest Group, Ltd. has a fifty-two week low of $331.08 and a fifty-two week high of $417.92. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.37 and a quick ratio of 0.37. The firm’s fifty day moving average price is $375.92 and its two-hundred day moving average price is $379.71. The company has a market capitalization of $19.42 billion, a P/E ratio of 6.11, a P/E/G ratio of 3.23 and a beta of 0.56.

Everest Group (NYSE:EG) last posted its quarterly earnings results on Wednesday, February 7th. The company reported $25.18 earnings per share for the quarter, topping analysts’ consensus estimates of $14.63 by $10.55. Everest Group had a net margin of 17.26% and a return on equity of 25.05%. The firm had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.85 billion. During the same quarter in the previous year, the company earned $12.21 earnings per share. The business’s revenue was up 12.4% compared to the same quarter last year. On average, analysts anticipate that Everest Group, Ltd. will post 61.23 EPS for the current year.

Everest Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Tuesday, March 19th were paid a $1.75 dividend. The ex-dividend date was Monday, March 18th. This represents a $7.00 annualized dividend and a dividend yield of 1.92%. Everest Group’s dividend payout ratio is presently 11.72%.

Insider Activity

In other news, CEO Mike Karmilowicz bought 285 shares of Everest Group stock in a transaction dated Friday, February 9th. The shares were bought at an average price of $352.39 per share, for a total transaction of $100,431.15. Following the purchase, the chief executive officer now owns 10,586 shares of the company’s stock, valued at $3,730,400.54. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Mike Karmilowicz bought 285 shares of Everest Group stock in a transaction dated Friday, February 9th. The shares were bought at an average price of $352.39 per share, for a total transaction of $100,431.15. Following the purchase, the chief executive officer now owns 10,586 shares of the company’s stock, valued at $3,730,400.54. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Mark Kociancic purchased 1,000 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was acquired at an average cost of $349.00 per share, with a total value of $349,000.00. Following the completion of the acquisition, the chief financial officer now directly owns 25,733 shares of the company’s stock, valued at $8,980,817. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 2,485 shares of company stock worth $874,786. Corporate insiders own 1.20% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods raised their price objective 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. Citigroup downgraded shares of Everest Group from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $452.00 to $375.00 in a research note on Monday, February 12th. Wells Fargo & Company lowered their price objective 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. Morgan Stanley lowered their price objective 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, April 15th. Finally, 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 price objective on the stock. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $432.11.

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.