Illinois Municipal Retirement Fund Purchases New Holdings in Everest Group, Ltd. (NYSE:EG)

Illinois Municipal Retirement Fund purchased a new stake in Everest Group, Ltd. (NYSE:EG) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 24,086 shares of the company’s stock, valued at approximately $8,516,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EG. Allworth Financial LP purchased a new position in Everest Group in the 4th quarter valued at about $25,000. Avior Wealth Management LLC purchased a new position in Everest Group in the 4th quarter worth approximately $25,000. Janiczek Wealth Management LLC purchased a new position in Everest Group in the 4th quarter worth approximately $27,000. Trifecta Capital Advisors LLC purchased a new position in Everest Group in the 4th quarter worth approximately $28,000. Finally, DT Investment Partners LLC purchased a new position in Everest Group in the 4th quarter worth approximately $31,000. 92.64% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Everest Group

In other Everest Group news, COO James Allan Williamson purchased 700 shares of Everest Group stock in a transaction on Friday, February 9th. The shares were bought at an average price of $352.50 per share, with a total value of $246,750.00. Following the completion of the acquisition, the chief operating officer now directly owns 11,749 shares of the company’s stock, valued at $4,141,522.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, CFO Mark Kociancic acquired 1,000 shares of Everest Group stock in a transaction that occurred on Friday, February 9th. The shares were acquired at an average price of $349.00 per share, with a total value of $349,000.00. Following the completion of the purchase, the chief financial officer now owns 25,733 shares of the company’s stock, valued at approximately $8,980,817. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO James Allan Williamson purchased 700 shares of the business’s stock in a transaction on Friday, February 9th. The shares were bought at an average cost of $352.50 per share, for a total transaction of $246,750.00. Following the purchase, the chief operating officer now owns 11,749 shares of the company’s stock, valued at $4,141,522.50. The disclosure for this purchase can be found here. Insiders have acquired 2,485 shares of company stock valued at $874,786 over the last quarter. Corporate insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

EG has been the subject of several research reports. Keefe, Bruyette & Woods boosted their price target on shares of Everest Group from $445.00 to $457.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 10th. Morgan Stanley dropped their price target on shares of Everest Group from $466.00 to $450.00 and set an “overweight” rating for the company in a research note on Monday, April 15th. TD Cowen started 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 objective for the company. Wells Fargo & Company decreased their price objective on shares of Everest Group from $402.00 to $397.00 and set an “equal weight” rating for the company in a research report on Thursday, April 11th. Finally, Citigroup cut shares of Everest Group from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $452.00 to $375.00 in a research report on Monday, February 12th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Everest Group currently has a consensus rating of “Moderate Buy” and an average target price of $432.11.

Everest Group Trading Down 1.2 %

NYSE EG opened at $368.43 on Wednesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.37 and a current ratio of 0.37. The firm has a market cap of $19.62 billion, a PE ratio of 6.17, a P/E/G ratio of 3.29 and a beta of 0.56. Everest Group, Ltd. has a one year low of $331.08 and a one year high of $417.92. The firm’s fifty day moving average is $376.19 and its two-hundred day moving average is $380.08.

Everest Group (NYSE:EG) last issued its quarterly earnings results on Wednesday, February 7th. The company reported $25.18 earnings per share (EPS) for the quarter, topping 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 business had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.85 billion. During the same period in the previous year, the business posted $12.21 earnings per share. The business’s revenue was up 12.4% compared to the same quarter last year. Analysts expect that Everest Group, Ltd. will post 61.21 earnings per share for the current year.

Everest Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Tuesday, March 19th were issued a $1.75 dividend. This represents a $7.00 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend was Monday, March 18th. Everest Group’s dividend payout ratio (DPR) is presently 11.72%.

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.