Martingale Asset Management L P Sells 5,279 Shares of Everest Group, Ltd. (NYSE:EG)

Martingale Asset Management L P lowered its position in Everest Group, Ltd. (NYSE:EG - Free Report) by 8.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 54,968 shares of the company's stock after selling 5,279 shares during the period. Martingale Asset Management L P owned 0.13% of Everest Group worth $19,924,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in EG. SBI Securities Co. Ltd. purchased a new stake in Everest Group in the fourth quarter worth about $31,000. Wilmington Savings Fund Society FSB bought a new stake in Everest Group in the third quarter worth $64,000. Private Trust Co. NA grew its stake in shares of Everest Group by 48.5% in the fourth quarter. Private Trust Co. NA now owns 196 shares of the company's stock worth $71,000 after acquiring an additional 64 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Everest Group by 43.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 211 shares of the company's stock valued at $76,000 after acquiring an additional 64 shares in 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 purchasing an additional 47 shares during the last quarter. Hedge funds and other institutional investors own 92.64% of the company's stock.

Everest Group Stock Performance

NYSE:EG traded up $5.75 during mid-day trading on Monday, hitting $355.29. 54,749 shares of the company traded hands, compared to its average volume of 369,874. The stock's fifty day moving average price is $348.82 and its 200-day moving average price is $363.30. 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, Ltd. has a one year low of $320.00 and a one year high of $407.30. The firm has a market cap of $16.98 billion, a price-to-earnings ratio of 11.31, a price-to-earnings-growth ratio of 0.24 and a beta of 0.43.

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Everest Group (NYSE:EG - Get Free Report) last released its earnings results 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%. Research analysts anticipate that Everest Group, Ltd. will post 47.93 earnings per share for the current fiscal 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 $2.00 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $8.00 dividend on an annualized basis and a yield of 2.25%. Everest Group's payout ratio is presently 25.47%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on EG shares. UBS Group reduced their price target on shares of Everest Group from $375.00 to $372.00 and set a "neutral" rating for the company in a research report on Wednesday, April 9th. Keefe, Bruyette & Woods dropped their price objective on Everest Group from $434.00 to $402.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Wells Fargo & Company decreased their target price on Everest Group from $370.00 to $362.00 and set an "equal weight" rating for the company in a research report on Thursday. Morgan Stanley reissued an "equal weight" rating and set a $340.00 price objective (down from $425.00) on shares of Everest Group in a report on Wednesday, February 5th. Finally, 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 report on Thursday, January 30th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $396.00.

Insider Buying and Selling at Everest Group

In other Everest Group news, Director Geraldine Losquadro sold 1,500 shares of the stock in a transaction that occurred on 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 directly owns 12,279 shares of the company's stock, valued at $4,428,175.77. This trade represents a 10.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.20% 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.