Federated Hermes Inc. Takes $3.72 Million Position in Everest Group, Ltd. (NYSE:EG)

Federated Hermes Inc. bought a new position in shares of Everest Group, Ltd. (NYSE:EG) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 10,521 shares of the company’s stock, valued at approximately $3,720,000.

Other institutional investors have also bought and sold shares of the company. Allworth Financial LP acquired a new position in Everest Group during the fourth quarter worth $25,000. Avior Wealth Management LLC bought a new stake in shares of Everest Group in the 4th quarter worth about $25,000. Janiczek Wealth Management LLC acquired a new stake in shares of Everest Group during the 4th quarter worth about $27,000. Trifecta Capital Advisors LLC bought a new position in Everest Group during the 4th quarter valued at about $28,000. Finally, Toth Financial Advisory Corp acquired a new position in Everest Group in the fourth quarter valued at about $46,000. Institutional investors and hedge funds own 92.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on EG shares. 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 report on Wednesday, April 10th. Citigroup cut Everest Group from a “buy” rating to a “neutral” rating and dropped their price target for the company from $452.00 to $375.00 in a report on Monday, February 12th. Morgan Stanley decreased their target price on Everest Group from $466.00 to $450.00 and set an “overweight” rating on the stock in a report on Monday, April 15th. Wells Fargo & Company lowered their target price on Everest Group from $402.00 to $397.00 and set an “equal weight” rating for the company in a research note on Thursday, April 11th. Finally, TD Cowen assumed coverage on shares of Everest Group in a research report on Wednesday, January 10th. They set a “market perform” rating and a $421.00 price target on the stock. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $432.11.

Insiders Place Their Bets

In related news, Director Roger M. Singer purchased 500 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were bought at an average price of $357.21 per share, with a total value of $178,605.00. Following the purchase, the director now directly owns 16,920 shares in the company, valued at approximately $6,043,993.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, COO James Allan Williamson acquired 700 shares of Everest Group stock in a transaction that occurred on Friday, February 9th. The shares were acquired at an average price of $352.50 per share, with a total value of $246,750.00. Following the purchase, the chief operating officer now directly owns 11,749 shares of the company’s stock, valued at $4,141,522.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Roger M. Singer bought 500 shares of the stock in a transaction on 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 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. In the last 90 days, insiders acquired 2,485 shares of company stock valued at $874,786. Company insiders own 1.20% of the company’s stock.

Everest Group Trading Down 0.3 %

EG stock opened at $364.70 on Friday. The business has a fifty day moving average of $375.92 and a 200-day moving average of $379.71. The company has a market cap of $19.42 billion, a P/E ratio of 6.11, a PEG ratio of 3.23 and a beta of 0.56. Everest Group, Ltd. has a twelve month low of $331.08 and a twelve month high of $417.92. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.26.

Everest Group (NYSE:EG) last released its earnings results on Wednesday, February 7th. The company reported $25.18 earnings per share (EPS) for the quarter, beating 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 company had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.85 billion. During the same period in the prior year, the company posted $12.21 EPS. The company’s revenue was up 12.4% compared to the same quarter last year. As a group, equities research analysts expect that Everest Group, Ltd. will post 61.23 EPS for the current year.

Everest Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders 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 dividend on an annualized basis and a yield of 1.92%. Everest Group’s payout ratio is presently 11.72%.

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.