Everest Group, Ltd. (NYSE:EG) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. trimmed its position in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 10.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 184,933 shares of the company's stock after selling 22,035 shares during the period. Alliancebernstein L.P. owned about 0.43% of Everest Group worth $67,031,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Everest Group during the 4th quarter worth approximately $488,588,000. World Investment Advisors LLC bought a new stake in shares of Everest Group during the third quarter worth $120,564,000. Raymond James Financial Inc. purchased a new stake in shares of Everest Group during the fourth quarter valued at $48,290,000. Truist Financial Corp boosted its stake in shares of Everest Group by 7,580.7% during the fourth quarter. Truist Financial Corp now owns 92,936 shares of the company's stock valued at $33,686,000 after purchasing an additional 91,726 shares during the period. Finally, William Blair Investment Management LLC grew its holdings in shares of Everest Group by 10.5% in the fourth quarter. William Blair Investment Management LLC now owns 642,813 shares of the company's stock worth $232,994,000 after purchasing an additional 61,026 shares during the last quarter. Institutional investors own 92.64% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on EG shares. Keefe, Bruyette & Woods upped their target price on shares of Everest Group from $420.00 to $434.00 and gave the stock an "outperform" rating in a research note on Friday, January 10th. Wells Fargo & Company dropped their price objective on Everest Group from $390.00 to $380.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 14th. BMO Capital Markets lowered Everest Group from an "outperform" rating to a "market perform" rating and decreased their target price for the company from $453.00 to $375.00 in a research report on Thursday, January 30th. Barclays increased their price target on 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 restated an "equal weight" rating and issued a $340.00 price objective (down from $425.00) on shares of Everest Group in a report on Wednesday, February 5th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $416.50.

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Insider Activity

In other Everest Group news, Director Geraldine Losquadro sold 1,500 shares of the company'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 transaction of $540,945.00. Following the transaction, the director now owns 12,279 shares in the company, valued at approximately $4,428,175.77. This represents a 10.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.20% of the company's stock.

Everest Group Stock Up 5.6 %

Shares of EG traded up $18.32 during trading hours on Tuesday, hitting $344.76. The company had a trading volume of 83,972 shares, compared to its average volume of 430,545. Everest Group, Ltd. has a one year low of $320.00 and a one year high of $407.30. The company's fifty day moving average price is $349.98 and its two-hundred day moving average price is $365.00. The company has a market capitalization of $14.80 billion, a PE ratio of 10.98, a price-to-earnings-growth ratio of 0.24 and a beta of 0.43. 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 (NYSE:EG - Get Free Report) last released its quarterly earnings results 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 net margin of 7.95% and a return on equity of 9.04%. As a group, equities analysts forecast that Everest Group, Ltd. will post 47.93 earnings per share for the current fiscal year.

Everest Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 17th were given a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date was Monday, March 17th. Everest Group's payout ratio is presently 25.47%.

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.