Arete Wealth Advisors LLC Takes $320,000 Position in Everest Group, Ltd. (NYSE:EG)

Arete Wealth Advisors LLC purchased a new stake in shares of Everest Group, Ltd. (NYSE:EG - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 883 shares of the company's stock, valued at approximately $320,000.

Several other large investors have also recently bought and sold shares of the business. SBI Securities Co. Ltd. acquired a new stake in shares of Everest Group during the 4th quarter valued at $31,000. Wilmington Savings Fund Society FSB acquired a new stake in Everest Group during the third quarter valued at $64,000. Private Trust Co. NA grew its stake in Everest Group by 48.5% in the fourth quarter. Private Trust Co. NA now owns 196 shares of the company's stock valued at $71,000 after purchasing an additional 64 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Everest Group by 43.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 211 shares of the company's stock valued at $76,000 after buying an additional 64 shares in the last quarter. Finally, Avior Wealth Management LLC increased its holdings in Everest Group by 22.4% in the fourth quarter. Avior Wealth Management LLC now owns 257 shares of the company's stock worth $93,000 after buying an additional 47 shares during the last quarter. 92.64% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Geraldine Losquadro sold 1,500 shares of the firm's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $360.63, for a total value of $540,945.00. Following the completion of the transaction, the director now directly owns 12,279 shares of the company's stock, valued at $4,428,175.77. This trade represents a 10.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.20% of the stock is owned by company insiders.

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Wall Street Analysts Forecast Growth

EG has been the subject of several recent research reports. Wells Fargo & Company decreased their target price on shares of Everest Group from $370.00 to $362.00 and set an "equal weight" rating for the company in a research report on Thursday. BMO Capital Markets downgraded shares of Everest Group from an "outperform" rating to a "market perform" rating and lowered their target price for the stock from $453.00 to $375.00 in a research report on Thursday, January 30th. Jefferies Financial Group raised Everest Group from a "hold" rating to a "buy" rating and boosted their price target for the stock from $376.00 to $415.00 in a research report on Friday. Keefe, Bruyette & Woods decreased their price target on Everest Group from $434.00 to $402.00 and set an "outperform" rating for the company in a research note on Wednesday. Finally, UBS Group cut their price objective on Everest Group from $375.00 to $372.00 and set a "neutral" rating on the stock in a research note on Wednesday. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $396.00.

Everest Group Stock Performance

Shares of NYSE EG traded up $8.39 during trading hours on Friday, hitting $349.79. 383,665 shares of the company's stock were exchanged, compared to its average volume of 370,600. The company's 50-day moving average price is $348.82 and its 200-day moving average price is $363.47. Everest Group, Ltd. has a 1-year low of $320.00 and a 1-year high of $407.30. The stock has a market capitalization of $16.71 billion, a price-to-earnings ratio of 11.14, a PEG ratio of 0.24 and a beta of 0.43. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.40 and a quick ratio of 0.40.

Everest Group (NYSE:EG - Get Free Report) last issued its quarterly earnings results on Monday, February 3rd. The company reported ($18.39) EPS for the quarter, missing analysts' consensus estimates of $11.64 by ($30.03). Everest Group had a return on equity of 9.04% and a net margin of 7.95%. On average, sell-side analysts expect that Everest Group, Ltd. will post 47.93 earnings per share for the current fiscal year.

Everest Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 17th were issued a dividend of $2.00 per share. The ex-dividend date was Monday, March 17th. This represents a $8.00 annualized dividend and a dividend yield of 2.29%. Everest Group's payout ratio is 25.47%.

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.