Insider Selling: Everest Group, Ltd. (NYSE:EG) Director Sells 1,500 Shares of Stock

Everest Group, Ltd. (NYSE:EG - Get Free Report) 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 value of $540,945.00. Following the completion of the transaction, the director now owns 12,279 shares of the company's stock, valued at $4,428,175.77. This represents a 10.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Everest Group Trading Down 0.5 %

EG stock traded down $1.61 during mid-day trading on Friday, reaching $353.19. The company's stock had a trading volume of 1,348,612 shares, compared to its average volume of 350,780. The company has a market cap of $15.16 billion, a price-to-earnings ratio of 11.24, a price-to-earnings-growth ratio of 0.24 and a beta of 0.61. The business's 50 day moving average price is $350.90 and its 200 day moving average price is $367.27. 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 12 month low of $327.37 and a 12 month high of $407.30.

Everest Group (NYSE:EG - Get Free Report) last issued 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 return on equity of 9.04% and a net margin of 7.95%. On average, equities research analysts predict that Everest Group, Ltd. will post 47.93 EPS for the current year.

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Everest Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 17th will be issued a dividend of $2.00 per share. The ex-dividend date is Monday, March 17th. This represents a $8.00 annualized dividend and a dividend yield of 2.27%. Everest Group's dividend payout ratio is 25.47%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on EG. Morgan Stanley restated an "equal weight" rating and set a $340.00 price objective (down from $425.00) on shares of Everest Group in a research report on Wednesday, February 5th. Wells Fargo & Company lowered their price objective on Everest Group from $390.00 to $380.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 14th. Barclays raised their price objective on Everest Group from $461.00 to $470.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 4th. BMO Capital Markets downgraded Everest Group from an "outperform" rating to a "market perform" rating and lowered their price objective for the stock from $453.00 to $375.00 in a research report on Thursday, January 30th. Finally, Keefe, Bruyette & Woods raised their price objective on Everest Group from $420.00 to $434.00 and gave the stock an "outperform" rating in a research report on Friday, January 10th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $416.50.

Institutional Investors Weigh In On Everest Group

Several hedge funds and other institutional investors have recently modified their holdings of the company. Dakota Wealth Management increased its holdings in shares of Everest Group by 1.7% during the fourth quarter. Dakota Wealth Management now owns 1,945 shares of the company's stock valued at $705,000 after acquiring an additional 32 shares in the last quarter. Wilmington Savings Fund Society FSB increased its holdings in shares of Everest Group by 19.6% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 195 shares of the company's stock valued at $71,000 after acquiring an additional 32 shares in the last quarter. Steph & Co. increased its holdings in shares of Everest Group by 10.6% during the fourth quarter. Steph & Co. now owns 366 shares of the company's stock valued at $133,000 after acquiring an additional 35 shares in the last quarter. Lester Murray Antman dba SimplyRich increased its holdings in shares of Everest Group by 2.7% during 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 in the last quarter. Finally, Nissay Asset Management Corp Japan ADV increased its holdings in shares of Everest Group by 0.7% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 5,315 shares of the company's stock valued at $1,913,000 after acquiring an additional 36 shares in the last quarter. Institutional investors own 92.64% of the company's stock.

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.