Everest Group, Ltd. (NYSE:EG) Shares Sold by OLD National Bancorp IN

OLD National Bancorp IN decreased its holdings in Everest Group, Ltd. (NYSE:EG - Free Report) by 20.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,776 shares of the company's stock after selling 734 shares during the period. OLD National Bancorp IN's holdings in Everest Group were worth $1,006,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Baader Bank Aktiengesellschaft acquired a new stake in shares of Everest Group during the fourth quarter valued at about $202,000. R Squared Ltd bought a new position in Everest Group in the 4th quarter valued at approximately $207,000. Foundations Investment Advisors LLC boosted its position in Everest Group by 5.9% during the 4th quarter. Foundations Investment Advisors LLC now owns 661 shares of the company's stock worth $239,000 after buying an additional 37 shares during the period. Mount Yale Investment Advisors LLC grew its holdings in Everest Group by 4.9% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 12,388 shares of the company's stock worth $4,490,000 after acquiring an additional 580 shares during the last quarter. Finally, Pacer Advisors Inc. increased its position in Everest Group by 51.4% in the 4th quarter. Pacer Advisors Inc. now owns 5,882 shares of the company's stock valued at $2,132,000 after acquiring an additional 1,997 shares during the period. Institutional investors and hedge funds own 92.64% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on EG. TD Cowen lowered their target price on Everest Group from $444.00 to $419.00 and set a "hold" rating for the company in a research report on Monday, November 18th. Bank of America cut their price objective on Everest Group from $496.00 to $485.00 and set a "buy" rating on the stock in a research note on Thursday, October 10th. Wells Fargo & Company decreased their target price on shares of 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. Keefe, Bruyette & Woods boosted their price target on shares of Everest Group from $420.00 to $434.00 and gave the stock an "outperform" rating in a research report on Friday, January 10th. Finally, BMO Capital Markets cut shares of Everest Group from an "outperform" rating to a "market perform" rating and decreased their price objective for the stock from $453.00 to $375.00 in a research report on Thursday, January 30th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $423.56.

Everest Group Trading Down 0.4 %

Everest Group stock traded down $1.24 during mid-day trading on Tuesday, hitting $344.03. The company's stock had a trading volume of 467,833 shares, compared to its average volume of 422,555. The business has a 50 day moving average price of $364.45 and a 200-day moving average price of $374.69. Everest Group, Ltd. has a 12 month low of $336.49 and a 12 month high of $407.30. The stock has a market cap of $14.79 billion, a price-to-earnings ratio of 5.38, a price-to-earnings-growth ratio of 2.50 and a beta of 0.65. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.40 and a quick ratio of 0.40.

Everest Group (NYSE:EG - Get Free Report) last posted its earnings results on Monday, February 3rd. The company reported ($18.39) earnings per share (EPS) for the quarter, missing the consensus estimate of $11.64 by ($30.03). Everest Group had a net margin of 16.99% and a return on equity of 22.45%. As a group, analysts forecast that Everest Group, Ltd. will post 36.3 EPS for the current year.

Everest Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th were issued a dividend of $2.00 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $8.00 annualized dividend and a dividend yield of 2.33%. Everest Group's payout ratio is presently 12.52%.

Insider Buying and Selling

In other news, COO James Allan Williamson sold 200 shares of Everest Group stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $370.00, for a total value of $74,000.00. Following the completion of the sale, the chief operating officer now directly owns 15,009 shares in the company, valued at $5,553,330. The trade was a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.20% of the stock is currently owned by company insiders.

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.