Everest Group, Ltd. (NYSE:EG) Shares Sold by Altrinsic Global Advisors LLC

Altrinsic Global Advisors LLC lessened its holdings in Everest Group, Ltd. (NYSE:EG - Free Report) by 1.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 616,938 shares of the company's stock after selling 7,704 shares during the period. Everest Group accounts for about 10.8% of Altrinsic Global Advisors LLC's investment portfolio, making the stock its 2nd biggest holding. Altrinsic Global Advisors LLC owned approximately 1.44% of Everest Group worth $223,615,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Janney Montgomery Scott LLC lifted its stake in shares of Everest Group by 152.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 22,693 shares of the company's stock worth $8,225,000 after buying an additional 13,687 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Everest Group by 19.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 78,469 shares of the company's stock worth $30,747,000 after acquiring an additional 12,791 shares during the period. Principal Financial Group Inc. lifted its position in Everest Group by 5.5% during the 3rd quarter. Principal Financial Group Inc. now owns 53,892 shares of the company's stock worth $21,117,000 after acquiring an additional 2,818 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in Everest Group by 25.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 12,055 shares of the company's stock valued at $4,369,000 after acquiring an additional 2,438 shares during the period. Finally, Brandywine Global Investment Management LLC grew its position in shares of Everest Group by 108.5% in the fourth quarter. Brandywine Global Investment Management LLC now owns 12,423 shares of the company's stock valued at $4,503,000 after purchasing an additional 6,466 shares during the last quarter. 92.64% of the stock is currently owned by institutional investors.

Everest Group Stock Performance

Everest Group stock traded down $1.87 on Friday, hitting $353.32. The company's stock had a trading volume of 256,098 shares, compared to its average volume of 371,087. Everest Group, Ltd. has a one year low of $320.00 and a one year high of $407.30. The firm has a market cap of $16.88 billion, a P/E ratio of 11.25, a price-to-earnings-growth ratio of 0.24 and a beta of 0.43. 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 company has a fifty day moving average price of $352.06 and a 200-day moving average price of $360.98.

Everest Group (NYSE:EG - Get Free Report) last posted its earnings results on Monday, February 3rd. The company reported ($18.39) earnings per share 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%. On average, equities analysts anticipate that Everest Group, Ltd. will post 47.93 earnings per share for the current year.

Everest Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 17th were given a dividend of $2.00 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $8.00 annualized dividend and a dividend yield of 2.26%. Everest Group's dividend payout ratio (DPR) is presently 25.47%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on EG. BMO Capital Markets cut Everest Group from an "outperform" rating to a "market perform" rating and cut their price objective for the stock from $453.00 to $375.00 in a research report on Thursday, January 30th. Morgan Stanley reiterated an "equal weight" rating and set a $340.00 price target (down from $425.00) on shares of Everest Group in a report on Wednesday, February 5th. Barclays lowered their price objective on shares of Everest Group from $470.00 to $394.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Wells Fargo & Company cut 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. Finally, Keefe, Bruyette & Woods decreased their price target on shares of 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 investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $396.00.

Insider Buying and Selling

In related news, Director Geraldine Losquadro sold 1,500 shares of the stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $360.63, for a total transaction of $540,945.00. Following the completion of the sale, the director now owns 12,279 shares in the company, valued at $4,428,175.77. This trade represents a 10.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.10% of the stock is owned by corporate insiders.

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.