Everest Group, Ltd. (NYSE:EG) Stock Holdings Trimmed by Clearbridge Investments LLC

Clearbridge Investments LLC lessened its holdings in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 89.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 28,441 shares of the company's stock after selling 246,294 shares during the quarter. Clearbridge Investments LLC owned approximately 0.07% of Everest Group worth $10,309,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new stake in Everest Group in the fourth quarter valued at approximately $31,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Everest Group in the 3rd quarter valued at $64,000. Private Trust Co. NA grew its stake in shares of Everest Group by 48.5% during the 4th quarter. Private Trust Co. NA now owns 196 shares of the company's stock valued at $71,000 after buying an additional 64 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of Everest Group by 43.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 211 shares of the company's stock worth $76,000 after buying an additional 64 shares during the last quarter. Finally, Avior Wealth Management LLC raised its position in shares of Everest Group by 22.4% in the 4th quarter. Avior Wealth Management LLC now owns 257 shares of the company's stock worth $93,000 after buying an additional 47 shares during the period. Hedge funds and other institutional investors own 92.64% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Barclays boosted their price target on Everest Group from $461.00 to $470.00 and gave the company an "overweight" rating in a research report on Tuesday, February 4th. 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 report on Wednesday, February 5th. Wells Fargo & Company cut their price target on shares of Everest Group from $390.00 to $380.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 14th. Keefe, Bruyette & Woods boosted their price objective on shares of Everest Group from $420.00 to $434.00 and gave the stock an "outperform" rating in a research note on Friday, January 10th. Finally, BMO Capital Markets lowered shares of Everest Group from an "outperform" rating to a "market perform" rating and dropped their price objective for the stock from $453.00 to $375.00 in a research report on Thursday, January 30th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $416.50.

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Everest Group Stock Down 3.1 %

EG traded down $10.56 during trading hours on Monday, reaching $326.46. 602,022 shares of the stock traded hands, compared to its average volume of 369,088. Everest Group, Ltd. has a fifty-two week low of $320.00 and a fifty-two week high of $407.30. The company has a market cap of $14.02 billion, a price-to-earnings ratio of 10.39, a PEG ratio of 0.24 and a beta of 0.43. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.40 and a quick ratio of 0.40. The firm's fifty day simple moving average is $349.98 and its two-hundred day simple moving average is $365.00.

Everest Group (NYSE:EG - Get Free Report) last announced its earnings results on Monday, February 3rd. The company reported ($18.39) earnings per share 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%. As a group, analysts forecast that Everest Group, Ltd. will post 47.93 earnings per share for the current fiscal year.

Everest Group Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend was Monday, March 17th. This represents a $8.00 annualized dividend and a yield of 2.45%. Everest Group's dividend payout ratio is presently 25.47%.

Insider Buying and Selling at Everest Group

In related news, Director Geraldine Losquadro sold 1,500 shares of Everest Group stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $360.63, for a total value of $540,945.00. Following the completion of the sale, the director now owns 12,279 shares in the company, valued at approximately $4,428,175.77. The trade was a 10.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.20% of the stock is currently owned by corporate insiders.

Everest Group Company 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.