Whittier Trust Co. of Nevada Inc. Has $42,000 Stake in Everest Group, Ltd. (NYSE:EG)

Whittier Trust Co. of Nevada Inc. reduced its holdings in Everest Group, Ltd. (NYSE:EG) by 24.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 115 shares of the company’s stock after selling 38 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Everest Group were worth $42,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EG. World Investment Advisors LLC acquired a new stake in shares of Everest Group in the 3rd quarter valued at approximately $120,564,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Everest Group by 442.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 308,155 shares of the company’s stock worth $120,744,000 after acquiring an additional 251,337 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Everest Group in the fourth quarter valued at $48,290,000. Truist Financial Corp grew its position in shares of Everest Group by 7,580.7% in the 4th quarter. Truist Financial Corp now owns 92,936 shares of the company’s stock valued at $33,686,000 after acquiring an additional 91,726 shares during the period. Finally, FMR LLC increased its stake in shares of Everest Group by 21.5% during the 3rd quarter. FMR LLC now owns 410,861 shares of the company’s stock worth $160,988,000 after purchasing an additional 72,822 shares during the last quarter. 92.64% of the stock is owned by institutional investors.

Everest Group Trading Up 2.0 %

Shares of Everest Group stock opened at $359.37 on Tuesday. Everest Group, Ltd. has a 52-week low of $327.37 and a 52-week high of $407.30. The stock has a market cap of $15.43 billion, a PE ratio of 11.44, a PEG ratio of 0.24 and a beta of 0.61. The firm has a 50-day moving average of $351.06 and a 200-day moving average of $366.88. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.40 and a current ratio of 0.40.

Everest Group (NYSE:EG) last posted its quarterly earnings data on Monday, February 3rd. The company reported ($18.39) earnings per share (EPS) 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%. As a group, sell-side analysts forecast that Everest Group, Ltd. will post 47.93 EPS for the current year.

Everest Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 17th will be paid a dividend of $2.00 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $8.00 dividend on an annualized basis and a yield of 2.23%. Everest Group’s dividend payout ratio (DPR) is presently 25.47%.

Wall Street Analyst Weigh In

A number of research firms recently commented on EG. Keefe, Bruyette & Woods lifted their price target on Everest Group from $420.00 to $434.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. Wells Fargo & Company reduced their target price 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. Jefferies Financial Group cut Everest Group from a “buy” rating to a “hold” rating and increased their price target for the company from $420.00 to $429.00 in a research note on Tuesday, November 26th. Barclays lifted their price objective on shares of Everest Group from $461.00 to $470.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 4th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $340.00 price objective (down from $425.00) on shares of Everest Group in a research report on Wednesday, February 5th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $416.50.

Insider Buying and Selling at Everest Group

In other Everest Group news, Director Geraldine Losquadro sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $360.63, for a total value of $540,945.00. Following the transaction, the director now directly owns 12,279 shares of the company’s stock, valued at $4,428,175.77. This trade represents a 10.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.