EntryPoint Capital LLC Buys 523 Shares of Everest Group, Ltd. (NYSE:EG)

EntryPoint Capital LLC increased its position in Everest Group, Ltd. (NYSE:EG) by 101.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,039 shares of the company’s stock after purchasing an additional 523 shares during the quarter. EntryPoint Capital LLC’s holdings in Everest Group were worth $377,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. bought a new stake in shares of Everest Group in the 4th quarter valued at about $31,000. Brooklyn Investment Group purchased a new position in Everest Group during the third quarter valued at approximately $39,000. Private Trust Co. NA raised its stake in Everest Group by 51.7% in the third quarter. Private Trust Co. NA now owns 132 shares of the company’s stock worth $52,000 after buying an additional 45 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Everest Group during the third quarter worth $64,000. Finally, EverSource Wealth Advisors LLC boosted its position in Everest Group by 43.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 211 shares of the company’s stock valued at $76,000 after acquiring an additional 64 shares in the last quarter. 92.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on EG shares. Wells Fargo & Company reduced their price target on Everest Group from $390.00 to $380.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Morgan Stanley reissued an “equal weight” rating and set a $340.00 price target (down from $425.00) on shares of Everest Group in a research report on Wednesday, February 5th. BMO Capital Markets downgraded shares of Everest Group from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $453.00 to $375.00 in a research report on Thursday, January 30th. Barclays increased their target price on shares of Everest Group from $461.00 to $470.00 and gave the company an “overweight” rating in a research report on Tuesday, February 4th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Everest Group from $420.00 to $434.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $416.50.

Everest Group Stock Up 1.0 %

NYSE:EG opened at $366.04 on Thursday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.26. Everest Group, Ltd. has a twelve month low of $327.37 and a twelve month high of $407.30. The company has a market cap of $15.72 billion, a PE ratio of 11.65, a P/E/G ratio of 0.24 and a beta of 0.61. The company’s 50 day moving average is $351.30 and its two-hundred day moving average is $366.72.

Everest Group (NYSE:EG) last announced its quarterly earnings data on Monday, February 3rd. The company reported ($18.39) earnings per share for the quarter, missing analysts’ consensus estimates 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 17th will be paid a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 2.19%. The ex-dividend date is Monday, March 17th. Everest Group’s payout ratio is 25.47%.

Insider Buying and Selling

In related news, Director Geraldine Losquadro sold 1,500 shares of the firm’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $360.63, for a total transaction of $540,945.00. Following the completion of the transaction, the director now 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 SEC, which is available at this hyperlink. Corporate insiders own 1.20% of the company’s stock.

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.