Everest Group, Ltd. (NYSE:EG) Shares Sold by Mariner LLC

Mariner LLC trimmed its holdings in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 75.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,493 shares of the company's stock after selling 50,034 shares during the period. Mariner LLC's holdings in Everest Group were worth $5,978,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the business. Janney Montgomery Scott LLC boosted its stake in Everest Group by 152.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 22,693 shares of the company's stock valued at $8,225,000 after acquiring an additional 13,687 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Everest Group by 19.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 78,469 shares of the company's stock valued at $30,747,000 after purchasing an additional 12,791 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Everest Group by 5.5% in the 3rd quarter. Principal Financial Group Inc. now owns 53,892 shares of the company's stock valued at $21,117,000 after purchasing an additional 2,818 shares during the period. Stifel Financial Corp grew its stake in Everest Group by 3.9% during the 3rd quarter. Stifel Financial Corp now owns 4,347 shares of the company's stock worth $1,704,000 after buying an additional 162 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its position in Everest Group by 25.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 12,055 shares of the company's stock worth $4,369,000 after buying an additional 2,438 shares during the period. 92.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. 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 research report on Wednesday, April 9th. BMO Capital Markets lowered shares of Everest Group from an "outperform" rating to a "market perform" rating and dropped their price objective for the company from $453.00 to $375.00 in a research note on Thursday, January 30th. Morgan Stanley reiterated an "equal weight" rating and set a $340.00 target price (down previously from $425.00) on shares of Everest Group in a research note on Wednesday, February 5th. 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. Finally, Barclays reduced their price objective on Everest Group from $470.00 to $394.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Everest Group presently has a consensus rating of "Hold" and an average price target of $396.00.

Insider Activity at Everest Group

In other news, Director Geraldine Losquadro sold 1,500 shares of Everest Group stock in a transaction that occurred 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 completion of the transaction, the director now owns 12,279 shares in the company, valued at approximately $4,428,175.77. This trade represents a 10.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is currently owned by corporate insiders.

Everest Group Price Performance

Shares of NYSE:EG traded down $3.39 on Friday, reaching $351.80. 51,820 shares of the company were exchanged, compared to its average volume of 370,131. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.26. Everest Group, Ltd. has a 1-year low of $320.00 and a 1-year high of $407.30. The company has a 50-day moving average of $351.75 and a 200-day moving average of $361.12. The firm has a market cap of $16.81 billion, a price-to-earnings ratio of 11.19, a price-to-earnings-growth ratio of 0.24 and a beta of 0.43.

Everest Group (NYSE:EG - Get Free Report) last released its quarterly earnings data 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%. Equities analysts forecast that Everest Group, Ltd. will post 47.93 earnings per share for the current fiscal year.

Everest Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 17th were issued a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date was Monday, March 17th. Everest Group's dividend payout ratio (DPR) is presently 25.47%.

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.