Hancock Whitney Corp Has $2.22 Million Holdings in Everest Group, Ltd. (NYSE:EG)

Hancock Whitney Corp lessened its stake in Everest Group, Ltd. (NYSE:EG - Free Report) by 85.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,137 shares of the company's stock after selling 36,397 shares during the period. Hancock Whitney Corp's holdings in Everest Group were worth $2,224,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in EG. SBI Securities Co. Ltd. acquired a new stake in shares of Everest Group during the 4th quarter valued at about $31,000. Wilmington Savings Fund Society FSB bought a new position in Everest Group during the third quarter worth about $64,000. Private Trust Co. NA grew its stake in shares of Everest Group by 48.5% in the 4th quarter. Private Trust Co. NA now owns 196 shares of the company's stock valued at $71,000 after purchasing an additional 64 shares during the period. EverSource Wealth Advisors LLC grew 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 period. Finally, Avior Wealth Management LLC raised its holdings 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 in the last quarter. 92.64% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Everest Group

In other Everest Group news, Director Geraldine Losquadro sold 1,500 shares of the firm's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $360.63, for a total transaction of $540,945.00. Following 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Jefferies Financial Group upgraded Everest Group from a "hold" rating to a "buy" rating and upped their price target for the company from $376.00 to $415.00 in a research report on Friday, April 11th. BMO Capital Markets cut shares of Everest Group from an "outperform" rating to a "market perform" rating and dropped their target price for the stock from $453.00 to $375.00 in a research report on Thursday, January 30th. Morgan Stanley restated an "equal weight" rating and issued a $340.00 price target (down from $425.00) on shares of Everest Group in a research report on Wednesday, February 5th. UBS Group decreased their price objective on shares of Everest Group from $375.00 to $372.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 9th. Finally, 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. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $396.00.

Everest Group Trading Up 0.6 %

EG stock traded up $2.23 during trading on Monday, hitting $355.38. The company had a trading volume of 354,670 shares, compared to its average volume of 371,329. The firm has a 50-day moving average price of $352.44 and a 200-day moving average price of $360.28. The stock has a market cap of $16.98 billion, a price-to-earnings ratio of 11.31, a PEG ratio of 0.24 and a beta of 0.43. Everest Group, Ltd. has a 12 month low of $320.00 and a 12 month high of $407.30. 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 (NYSE:EG - Get Free Report) last announced its quarterly earnings data on Monday, February 3rd. The company reported ($18.39) EPS for the quarter, missing analysts' consensus estimates of $11.64 by ($30.03). Everest Group had a return on equity of 9.04% and a net margin of 7.95%. As a group, analysts predict that Everest Group, Ltd. will post 47.93 earnings per share for the current year.

Everest Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 17th were issued a $2.00 dividend. The ex-dividend date was Monday, March 17th. This represents a $8.00 annualized dividend and a yield of 2.25%. Everest Group's dividend payout ratio is currently 25.47%.

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.