Everest Group, Ltd. (NYSE:EG) Director Sells $540,945.00 in Stock

Everest Group, Ltd. (NYSE:EG) Director Geraldine Losquadro sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $360.63, for a total value of $540,945.00. Following the completion of the sale, the director now owns 12,279 shares of the company’s stock, valued at approximately $4,428,175.77. This represents a 10.89 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Everest Group Trading Down 0.5 %

Shares of EG stock opened at $353.19 on Friday. The business’s fifty day moving average price is $350.90 and its 200 day moving average price is $367.45. Everest Group, Ltd. has a 1-year low of $327.37 and a 1-year high of $407.30. The firm has a market capitalization of $15.16 billion, a PE ratio of 11.24, a P/E/G ratio of 0.24 and a beta of 0.61. 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 (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 return on equity of 9.04% and a net margin of 7.95%. As a group, sell-side analysts forecast that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Everest Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

EG has been the subject of a number of research reports. Wells Fargo & Company reduced their price objective on Everest Group from $390.00 to $380.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. Morgan Stanley reiterated an “equal weight” rating and issued a $340.00 price objective (down previously from $425.00) on shares of Everest Group in a research note on Wednesday, February 5th. BMO Capital Markets lowered Everest Group from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $453.00 to $375.00 in a report on Thursday, January 30th. Barclays boosted their target price on Everest Group from $461.00 to $470.00 and gave the company an “overweight” rating in a report on Tuesday, February 4th. Finally, Keefe, Bruyette & Woods boosted their target price on Everest Group from $420.00 to $434.00 and gave the company an “outperform” rating in a report on Friday, January 10th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $416.50.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. CIBC Asset Management Inc grew its holdings in Everest Group by 7.9% in the third quarter. CIBC Asset Management Inc now owns 6,309 shares of the company’s stock valued at $2,472,000 after purchasing an additional 460 shares during the last quarter. Empowered Funds LLC grew its holdings in Everest Group by 290.5% in the third quarter. Empowered Funds LLC now owns 9,622 shares of the company’s stock valued at $3,770,000 after purchasing an additional 7,158 shares during the last quarter. Mutual of America Capital Management LLC grew its holdings in Everest Group by 17.0% in the third quarter. Mutual of America Capital Management LLC now owns 19,962 shares of the company’s stock valued at $7,822,000 after purchasing an additional 2,900 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in Everest Group by 27.8% in the third quarter. Thrivent Financial for Lutherans now owns 29,559 shares of the company’s stock valued at $11,582,000 after purchasing an additional 6,430 shares during the last quarter. Finally, TrinityPoint Wealth LLC acquired a new stake in Everest Group in the third quarter valued at $345,000. Institutional investors and hedge funds own 92.64% 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.