LSV Asset Management Sells 6,680 Shares of Everest Group, Ltd. (NYSE:EG)

LSV Asset Management reduced its position in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 1.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 432,517 shares of the company's stock after selling 6,680 shares during the quarter. LSV Asset Management owned about 1.01% of Everest Group worth $156,770,000 as of its most recent SEC filing.

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

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Everest Group Stock Performance

Shares of EG stock traded down $1.72 during mid-day trading on Tuesday, reaching $351.30. The stock had a trading volume of 109,671 shares, compared to its average volume of 369,949. The firm has a market cap of $16.79 billion, a PE ratio of 11.18, a P/E/G 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. Everest Group, Ltd. has a one year low of $320.00 and a one year high of $407.30. The firm's 50 day simple moving average is $349.08 and its 200 day simple moving average is $363.00.

Everest Group (NYSE:EG - Get Free Report) last announced its quarterly earnings results 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%. On average, analysts forecast that Everest Group, Ltd. will post 47.93 EPS for the current year.

Everest Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 17th were paid a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date was Monday, March 17th. Everest Group's dividend payout ratio is 25.47%.

Insider Buying and Selling at Everest Group

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. Company insiders own 1.20% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on EG shares. BMO Capital Markets lowered Everest Group from an "outperform" rating to a "market perform" rating and cut their target price for the company from $453.00 to $375.00 in a report on Thursday, January 30th. Wells Fargo & Company lowered their price target on Everest Group from $370.00 to $362.00 and set an "equal weight" rating on the stock in a report on Thursday, April 10th. Morgan Stanley reiterated an "equal weight" rating and issued a $340.00 target price (down from $425.00) on shares of Everest Group in a research note on Wednesday, February 5th. Barclays decreased their price target on shares of Everest Group from $470.00 to $394.00 and set an "overweight" rating for the company in a report on Friday. Finally, Jefferies Financial Group upgraded Everest Group from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $376.00 to $415.00 in a research note on Friday. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, Everest Group has a consensus rating of "Hold" and an average 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.