Credit Capital Investments LLC Makes New $326,000 Investment in Everest Group, Ltd. (NYSE:EG)

Credit Capital Investments LLC acquired a new stake in shares of Everest Group, Ltd. (NYSE:EG - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 900 shares of the company's stock, valued at approximately $326,000. Everest Group accounts for 0.4% of Credit Capital Investments LLC's portfolio, making the stock its 24th biggest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EG. Dakota Wealth Management grew its position in shares of Everest Group by 1.7% during the 4th quarter. Dakota Wealth Management now owns 1,945 shares of the company's stock worth $705,000 after buying an additional 32 shares during the period. Wilmington Savings Fund Society FSB lifted its stake in Everest Group by 19.6% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 195 shares of the company's stock valued at $71,000 after acquiring an additional 32 shares in the last quarter. Steph & Co. raised its stake in shares of Everest Group by 10.6% during the 4th quarter. Steph & Co. now owns 366 shares of the company's stock worth $133,000 after purchasing an additional 35 shares in the last quarter. Lester Murray Antman dba SimplyRich raised its stake in shares of Everest Group by 2.7% during the 4th quarter. Lester Murray Antman dba SimplyRich now owns 1,328 shares of the company's stock worth $481,000 after purchasing an additional 35 shares in the last quarter. Finally, Foundations Investment Advisors LLC raised its stake in Everest Group by 5.9% in the 4th quarter. Foundations Investment Advisors LLC now owns 661 shares of the company's stock valued at $239,000 after acquiring an additional 37 shares during the period. 92.64% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

Several research firms have recently issued reports on EG. Jefferies Financial Group lowered Everest Group from a "buy" rating to a "hold" rating and increased their target price for the stock from $420.00 to $429.00 in a report on Tuesday, November 26th. Keefe, Bruyette & Woods raised their target price on Everest Group from $420.00 to $434.00 and gave the stock an "outperform" rating in a research note on Friday, January 10th. Barclays raised their price objective on Everest Group from $461.00 to $470.00 and gave the company an "overweight" rating in a research note on Tuesday, February 4th. Morgan Stanley reiterated an "equal weight" rating and set a $340.00 price target (down from $425.00) on shares of Everest Group in a report on Wednesday, February 5th. Finally, Wells Fargo & Company lowered their target price on Everest Group from $390.00 to $380.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 14th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $416.50.

Everest Group Stock Performance

Shares of EG traded down $1.61 during trading hours on Friday, hitting $353.19. The stock had a trading volume of 1,348,612 shares, compared to its average volume of 350,780. 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, Ltd. has a 12 month low of $327.37 and a 12 month high of $407.30. The firm has a market capitalization of $15.16 billion, a PE ratio of 11.24, a PEG ratio of 0.24 and a beta of 0.61. The stock has a fifty day moving average price of $350.90 and a 200 day moving average price of $367.09.

Everest Group (NYSE:EG - Get Free Report) last announced its quarterly earnings data on Monday, February 3rd. The company reported ($18.39) EPS for the quarter, missing the consensus estimate of $11.64 by ($30.03). Everest Group had a net margin of 7.95% and a return on equity of 9.04%. Analysts anticipate that Everest Group, Ltd. will post 47.93 EPS for the current year.

Everest Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 17th will be paid a dividend of $2.00 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.27%. Everest Group's dividend payout ratio is 25.47%.

Insider Activity at Everest Group

In other news, Director Geraldine Losquadro sold 1,500 shares of the stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $360.63, for a total transaction of $540,945.00. Following the completion of the sale, the director now owns 12,279 shares in the company, valued at approximately $4,428,175.77. This represents a 10.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.20% of the stock is owned by company insiders.

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.