Everest Group, Ltd. (NYSE:EG) Shares Sold by Blair William & Co. IL

Blair William & Co. IL reduced its holdings in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 71.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,299 shares of the company's stock after selling 3,325 shares during the period. Blair William & Co. IL's holdings in Everest Group were worth $471,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Dakota Wealth Management boosted its position in shares of Everest Group by 1.7% in the fourth quarter. Dakota Wealth Management now owns 1,945 shares of the company's stock worth $705,000 after purchasing an additional 32 shares during the period. Wilmington Savings Fund Society FSB lifted its stake in shares of Everest Group by 19.6% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 195 shares of the company's stock valued at $71,000 after buying an additional 32 shares in the last quarter. Steph & Co. boosted its holdings in Everest Group by 10.6% in the 4th quarter. Steph & Co. now owns 366 shares of the company's stock worth $133,000 after buying an additional 35 shares during the period. Lester Murray Antman dba SimplyRich increased its stake in Everest Group by 2.7% in the 4th quarter. Lester Murray Antman dba SimplyRich now owns 1,328 shares of the company's stock worth $481,000 after buying an additional 35 shares in the last quarter. Finally, Foundations Investment Advisors LLC raised its holdings in Everest Group by 5.9% during the fourth quarter. Foundations Investment Advisors LLC now owns 661 shares of the company's stock valued at $239,000 after acquiring an additional 37 shares during the period. 92.64% of the stock is currently owned by institutional investors.

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Everest Group Trading Up 4.9 %

Shares of Everest Group stock traded up $16.27 on Wednesday, reaching $348.31. The company had a trading volume of 387,394 shares, compared to its average volume of 370,148. 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, Ltd. has a 1 year low of $318.91 and a 1 year high of $407.30. The firm has a market cap of $16.64 billion, a price-to-earnings ratio of 11.09, a P/E/G ratio of 0.24 and a beta of 0.43. The firm's 50-day moving average price is $348.75 and its two-hundred day moving average price is $363.99.

Everest Group (NYSE:EG - Get Free Report) last released its quarterly earnings data on Monday, February 3rd. The company reported ($18.39) earnings per share (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, research analysts predict that Everest Group, Ltd. will post 47.93 earnings per share for the current fiscal year.

Everest Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 17th were issued a $2.00 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.30%. Everest Group's dividend payout ratio is presently 25.47%.

Insider Transactions at Everest Group

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 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 directly owns 12,279 shares in the company, valued at $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 Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on EG shares. Morgan Stanley reaffirmed 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 cut shares of Everest Group from an "outperform" rating to a "market perform" rating and reduced their price objective for the company from $453.00 to $375.00 in a research report on Thursday, January 30th. Keefe, Bruyette & Woods lowered their target price on shares of Everest Group from $434.00 to $402.00 and set an "outperform" rating on the stock in a report on Wednesday. Barclays raised their target price on shares of Everest Group from $461.00 to $470.00 and gave the company an "overweight" rating in a research note on Tuesday, February 4th. Finally, Wells Fargo & Company decreased their price target on shares of 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. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $408.00.

About Everest Group

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.