Cibc World Markets Corp Has $2.46 Million Stock Holdings in Everest Group, Ltd. (NYSE:EG)

Cibc World Markets Corp trimmed its position in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 19.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,778 shares of the company's stock after selling 1,660 shares during the period. Cibc World Markets Corp's holdings in Everest Group were worth $2,457,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new position in Everest Group in the fourth quarter worth approximately $31,000. Brooklyn Investment Group bought a new stake in Everest Group in the third quarter worth approximately $39,000. Private Trust Co. NA increased its stake 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 worth $52,000 after purchasing an additional 45 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Everest Group during the 3rd quarter valued at $64,000. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Everest Group by 43.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 211 shares of the company's stock valued at $76,000 after purchasing an additional 64 shares during the last quarter. 92.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Everest Group news, Director Geraldine Losquadro sold 1,500 shares of the company's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $360.63, for a total value of $540,945.00. Following the sale, the director now directly owns 12,279 shares in the company, valued at $4,428,175.77. This represents a 10.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.20% of the stock is owned by company insiders.

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Everest Group Stock Performance

EG stock traded up $6.95 during trading on Monday, reaching $359.37. 463,767 shares of the stock were exchanged, compared to its average volume of 351,239. The stock has a 50 day simple moving average of $351.06 and a 200-day simple moving average of $366.88. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $15.43 billion, a P/E ratio of 11.44, a price-to-earnings-growth ratio of 0.24 and a beta of 0.61. Everest Group, Ltd. has a twelve month low of $327.37 and a twelve month high of $407.30.

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 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 anticipate that Everest Group, Ltd. will post 47.93 earnings per share for the current year.

Everest Group Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts have commented on EG shares. Wells Fargo & Company lowered their target price on shares of 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. Barclays boosted their target price on Everest Group from $461.00 to $470.00 and gave the stock an "overweight" rating in a report on Tuesday, February 4th. Jefferies Financial Group lowered shares of Everest Group from a "buy" rating to a "hold" rating and lifted their price target for the company from $420.00 to $429.00 in a research report on Tuesday, November 26th. BMO Capital Markets lowered shares of Everest Group from an "outperform" rating to a "market perform" rating and lowered their target price for the company from $453.00 to $375.00 in a research note on Thursday, January 30th. Finally, Keefe, Bruyette & Woods boosted their price objective on Everest Group from $420.00 to $434.00 and gave the stock an "outperform" rating in a research report on Friday, January 10th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Everest Group has an average rating of "Hold" and a consensus price target of $416.50.

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.