Everest Group, Ltd. (NYSE:EG) Shares Sold by Capital Fund Management S.A.

Capital Fund Management S.A. cut its holdings in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 20.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,912 shares of the company's stock after selling 6,719 shares during the quarter. Capital Fund Management S.A. owned 0.06% of Everest Group worth $9,392,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in shares of Everest Group in the fourth quarter valued at $488,588,000. Donald Smith & CO. Inc. acquired a new stake in Everest Group in the 4th quarter valued at about $56,341,000. Raymond James Financial Inc. purchased a new position in shares of Everest Group in the 4th quarter valued at about $48,290,000. Invesco Ltd. grew its position in shares of Everest Group by 17.2% during the fourth quarter. Invesco Ltd. now owns 855,120 shares of the company's stock worth $309,947,000 after buying an additional 125,271 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in shares of Everest Group by 352.8% during the fourth quarter. Envestnet Asset Management Inc. now owns 153,938 shares of the company's stock worth $55,796,000 after buying an additional 119,944 shares during the period. Hedge funds and other institutional investors own 92.64% of the company's stock.

Everest Group Stock Performance

Shares of NYSE EG traded down $1.10 during midday trading on Wednesday, reaching $348.75. 344,244 shares of the company were exchanged, compared to its average volume of 371,206. The stock has a market cap of $16.67 billion, a P/E ratio of 11.10, a PEG ratio of 0.24 and a beta of 0.43. Everest Group, Ltd. has a 1 year low of $320.00 and a 1 year high of $407.30. The stock has a fifty day simple moving average of $349.36 and a 200 day simple moving average of $362.91. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.26.

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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 return on equity of 9.04% and a net margin of 7.95%. On average, research 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 declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 17th were issued a dividend of $2.00 per share. The ex-dividend date was Monday, March 17th. This represents a $8.00 annualized dividend and a yield of 2.29%. Everest Group's dividend payout ratio is currently 25.47%.

Insider Activity at Everest Group

In other news, Director Geraldine Losquadro sold 1,500 shares of the company's stock in a transaction 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 directly owns 12,279 shares of the company's stock, valued at $4,428,175.77. This represents a 10.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.20% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have commented on EG. BMO Capital Markets cut shares of Everest Group from an "outperform" rating to a "market perform" rating and lowered their price target for the stock from $453.00 to $375.00 in a report on Thursday, January 30th. Wells Fargo & Company lowered their target price on shares of Everest Group from $370.00 to $362.00 and set an "equal weight" rating for the company in a research note on Thursday, April 10th. 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 note on Wednesday, February 5th. Jefferies Financial Group raised Everest Group from a "hold" rating to a "buy" rating and upped their price objective for the stock from $376.00 to $415.00 in a research report on Friday, April 11th. Finally, Keefe, Bruyette & Woods cut their target price on Everest Group from $434.00 to $402.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $396.00.

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.