Transamerica Financial Advisors Inc. Sells 277 Shares of Everest Group, Ltd. (NYSE:EG)

Transamerica Financial Advisors Inc. decreased its position in shares of Everest Group, Ltd. (NYSE:EG) by 52.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 254 shares of the company’s stock after selling 277 shares during the quarter. Transamerica Financial Advisors Inc.’s holdings in Everest Group were worth $92,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of EG. Allstate Corp bought a new position in Everest Group in the fourth quarter valued at about $506,000. DnB Asset Management AS increased its stake in shares of Everest Group by 5.5% in the fourth quarter. DnB Asset Management AS now owns 8,492 shares of the company’s stock valued at $3,078,000 after buying an additional 445 shares during the period. Level Four Advisory Services LLC raised its holdings in Everest Group by 3.0% in the 4th quarter. Level Four Advisory Services LLC now owns 2,678 shares of the company’s stock valued at $971,000 after buying an additional 77 shares during the last quarter. Orion Portfolio Solutions LLC boosted its position in Everest Group by 40.0% during the 4th quarter. Orion Portfolio Solutions LLC now owns 2,980 shares of the company’s stock worth $1,080,000 after buying an additional 851 shares during the period. Finally, Pictet Asset Management Holding SA grew its holdings in Everest Group by 0.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 23,602 shares of the company’s stock worth $8,555,000 after acquiring an additional 221 shares during the last quarter. Institutional investors and hedge funds own 92.64% of the company’s stock.

Insider Activity

In other Everest Group news, Director Geraldine Losquadro sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 18th. The stock was 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 trade represents a 10.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.20% of the company’s stock.

Everest Group Trading Down 1.6 %

NYSE EG opened at $361.50 on Friday. The business has a 50 day simple moving average of $351.43 and a 200 day simple moving average of $366.45. Everest Group, Ltd. has a one year low of $327.37 and a one year high of $407.30. The stock has a market capitalization of $15.52 billion, a P/E ratio of 11.51, 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) EPS for the quarter, missing the consensus estimate of $11.64 by ($30.03). Everest Group had a return on equity of 9.04% and a net margin of 7.95%. Research analysts expect that Everest Group, Ltd. will post 47.93 earnings per share for the current year.

Everest Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 17th were paid a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 2.21%. The ex-dividend date of this dividend was Monday, March 17th. Everest Group’s dividend payout ratio (DPR) is currently 25.47%.

Analyst Upgrades and Downgrades

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

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.