3,713 Shares in Everest Group, Ltd. (NYSE:EG) Bought by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Everest Group, Ltd. (NYSE:EG) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,713 shares of the company’s stock, valued at approximately $1,312,000.

Several other institutional investors have also modified their holdings of EG. Franklin Resources Inc. acquired a new stake in Everest Group in the 4th quarter worth about $373,130,000. Boston Partners purchased a new stake in shares of Everest Group during the fourth quarter worth approximately $328,064,000. Norges Bank acquired a new position in Everest Group in the 4th quarter valued at $202,271,000. Dimensional Fund Advisors LP purchased a new position in Everest Group in the 4th quarter valued at $173,587,000. Finally, LSV Asset Management acquired a new stake in Everest Group during the 4th quarter worth $168,328,000. Institutional investors and hedge funds own 92.64% of the company’s stock.

Everest Group Stock Performance

NYSE EG opened at $377.19 on Monday. The stock has a fifty day simple moving average of $377.88 and a 200-day simple moving average of $375.09. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.25. The stock has a market cap of $16.39 billion, a PE ratio of 5.61, a P/E/G ratio of 3.33 and a beta of 0.62. Everest Group, Ltd. has a twelve month low of $331.08 and a twelve month high of $417.92.

Everest Group (NYSE:EG) last announced its quarterly earnings results on Monday, April 29th. The company reported $16.32 earnings per share for the quarter, beating analysts’ consensus estimates of $15.98 by $0.34. Everest Group had a net margin of 18.69% and a return on equity of 24.86%. The business had revenue of $4.13 billion during the quarter, compared to analysts’ expectations of $4.05 billion. During the same period last year, the business earned $11.31 earnings per share. The business’s revenue for the quarter was up 25.8% on a year-over-year basis. Equities analysts anticipate that Everest Group, Ltd. will post 61.65 earnings per share for the current year.

Everest Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Wednesday, May 29th were given a dividend of $2.00 per share. This is a positive change from Everest Group’s previous quarterly dividend of $1.75. This represents a $8.00 annualized dividend and a dividend yield of 2.12%. The ex-dividend date was Wednesday, May 29th. Everest Group’s dividend payout ratio (DPR) is currently 11.89%.

Analyst Upgrades and Downgrades

EG has been the subject of a number of recent research reports. Keefe, Bruyette & Woods increased their target price on shares of Everest Group from $445.00 to $457.00 and gave the company an “outperform” rating in a research report on Wednesday, April 10th. Morgan Stanley lowered 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. Finally, Wells Fargo & Company cut their price target on Everest Group from $402.00 to $397.00 and set an “equal weight” rating for the company in a report on Thursday, April 11th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Everest Group presently has a consensus rating of “Moderate Buy” and an average target price 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.