Amundi Sells 117,357 Shares of Everest Group, Ltd. (NYSE:EG)

Amundi reduced its position in Everest Group, Ltd. (NYSE:EG - Free Report) by 52.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 104,564 shares of the company's stock after selling 117,357 shares during the quarter. Amundi owned about 0.24% of Everest Group worth $38,525,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new position in Everest Group in the 4th quarter worth approximately $31,000. Brooklyn Investment Group purchased a new position in shares of Everest Group in the 3rd quarter worth about $39,000. Private Trust Co. NA increased its position in shares of Everest Group by 51.7% during the 3rd quarter. Private Trust Co. NA now owns 132 shares of the company's stock valued at $52,000 after purchasing an additional 45 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Everest Group in the 3rd quarter worth approximately $64,000. Finally, Avior Wealth Management LLC boosted its stake in Everest Group by 22.4% in the fourth quarter. Avior Wealth Management LLC now owns 257 shares of the company's stock worth $93,000 after buying an additional 47 shares in the last quarter. Hedge funds and other institutional investors own 92.64% of the company's stock.

Everest Group Stock Up 2.3 %

Shares of NYSE EG traded up $8.10 during trading on Friday, reaching $357.69. The company had a trading volume of 148,262 shares, compared to its average volume of 347,932. Everest Group, Ltd. has a 12-month low of $327.37 and a 12-month high of $407.30. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.26. The business's 50-day moving average is $351.67 and its 200 day moving average is $368.79. The stock has a market cap of $15.36 billion, a PE ratio of 11.39, a P/E/G ratio of 0.24 and a beta of 0.61.

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Everest Group (NYSE:EG - Get Free Report) 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 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 Dividend Announcement

The company 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 $2.00 dividend. 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 2.24%. Everest Group's payout ratio is currently 25.47%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods upped their price objective on shares of Everest Group from $420.00 to $434.00 and gave the company an "outperform" rating in a research note on Friday, January 10th. Morgan Stanley reaffirmed an "equal weight" rating and set a $340.00 price objective (down from $425.00) on shares of Everest Group in a research note on Wednesday, February 5th. Barclays boosted their target price on Everest Group from $461.00 to $470.00 and gave the company an "overweight" rating in a research note on Tuesday, February 4th. Wells Fargo & Company reduced their price target on Everest Group from $390.00 to $380.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 14th. Finally, TD Cowen dropped their price objective on Everest Group from $444.00 to $419.00 and set a "hold" rating for the company in a research note on Monday, November 18th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $416.50.

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.