Darwin Wealth Management LLC Purchases Shares of 646 Everest Group, Ltd. (NYSE:EG)

Darwin Wealth Management LLC purchased a new stake in shares of Everest Group, Ltd. (NYSE:EG) during the 4th quarter, HoldingsChannel reports. The firm purchased 646 shares of the company’s stock, valued at approximately $228,000.

Other large investors have also added to or reduced their stakes in the company. Hyman Charles D purchased a new stake in shares of Everest Group in the fourth quarter worth about $248,000. Charles Schwab Investment Management Inc. purchased a new stake in shares of Everest Group in the fourth quarter worth about $133,525,000. Machina Capital S.A.S. purchased a new stake in shares of Everest Group in the fourth quarter worth about $653,000. Maryland State Retirement & Pension System purchased a new stake in shares of Everest Group in the fourth quarter worth about $1,162,000. Finally, MeadowBrook Investment Advisors LLC purchased a new stake in shares of Everest Group in the fourth quarter worth about $563,000. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Insiders Place Their Bets

In other Everest Group news, Director Roger M. Singer bought 500 shares of the business’s stock in a transaction on Monday, February 12th. The stock was bought at an average price of $357.21 per share, with a total value of $178,605.00. Following the completion of the purchase, the director now directly owns 16,920 shares in the company, valued at $6,043,993.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Mark Kociancic acquired 1,000 shares of the company’s stock in a transaction dated 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 purchase, the chief financial officer now owns 25,733 shares of the company’s stock, valued at approximately $8,980,817. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Roger M. Singer acquired 500 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was purchased at an average cost of $357.21 per share, with a total value of $178,605.00. Following the completion of the purchase, the director now directly 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 quarter. 1.20% of the stock is owned by insiders.

Everest Group Price Performance

Shares of NYSE:EG traded down $0.44 during midday trading on Thursday, hitting $380.53. The company had a trading volume of 140,372 shares, compared to its average volume of 366,794. Everest Group, Ltd. has a twelve month low of $331.08 and a twelve month high of $417.92. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.35 and a quick ratio of 0.37. The stock has a market cap of $20.27 billion, a price-to-earnings ratio of 5.66, a price-to-earnings-growth ratio of 3.25 and a beta of 0.57. The business’s 50-day simple moving average is $376.69 and its 200-day simple moving average is $377.98.

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

Everest Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Tuesday, March 19th were paid a dividend of $1.75 per share. The ex-dividend date was Monday, March 18th. This represents a $7.00 annualized dividend and a yield of 1.84%. Everest Group’s dividend payout ratio (DPR) is 10.40%.

Analyst Ratings Changes

A number of analysts have recently commented on EG shares. Citigroup downgraded Everest Group from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $452.00 to $375.00 in a research note on Monday, February 12th. Wells Fargo & Company lowered their target price on 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 reduced their price target on Everest Group from $466.00 to $450.00 and set an “overweight” rating for the company in a report on Monday, April 15th. TD Cowen initiated coverage on Everest Group in a report on Wednesday, January 10th. They issued a “market perform” rating and a $421.00 price target for the company. Finally, Keefe, Bruyette & Woods upped their price target on Everest Group from $445.00 to $457.00 and gave the stock an “outperform” rating in a report on Wednesday, April 10th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Everest Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $432.11.

Everest Group 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.