OneDigital Investment Advisors LLC Sells 1,038 Shares of Everest Group, Ltd. (NYSE:EG)

OneDigital Investment Advisors LLC reduced its stake in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 8.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 11,670 shares of the company's stock after selling 1,038 shares during the period. OneDigital Investment Advisors LLC's holdings in Everest Group were worth $4,230,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of EG. SBI Securities Co. Ltd. purchased a new stake in Everest Group in the fourth quarter worth $31,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Everest Group during the 3rd quarter valued at approximately $64,000. Private Trust Co. NA grew its stake in 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 buying an additional 64 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position 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 worth $76,000 after acquiring an additional 64 shares in the last quarter. Finally, Avior Wealth Management LLC boosted its stake in 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 period. Institutional investors own 92.64% of the company's stock.

Everest Group Trading Down 0.5 %

Everest Group stock traded down $1.87 during mid-day trading on Friday, hitting $353.32. The company's stock had a trading volume of 256,098 shares, compared to its average volume of 371,087. The business has a 50 day moving average price of $352.06 and a 200-day moving average price of $360.98. Everest Group, Ltd. has a 12 month low of $320.00 and a 12 month high of $407.30. The stock has a market cap of $16.88 billion, a price-to-earnings ratio of 11.25, a price-to-earnings-growth 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.

Everest Group (NYSE:EG - Get Free Report) last posted its quarterly 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 return on equity of 9.04% and a net margin of 7.95%. As a group, analysts forecast that Everest Group, Ltd. will post 47.93 EPS for the current year.

Everest Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 17th were given 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 2.26%. Everest Group's payout ratio is currently 25.47%.

Insiders Place Their Bets

In other news, Director Geraldine Losquadro sold 1,500 shares of Everest Group stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $360.63, for a total value of $540,945.00. Following the sale, the director now directly owns 12,279 shares in the company, valued at approximately $4,428,175.77. This trade represents a 10.89 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

EG has been the subject of a number of recent analyst reports. 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. Morgan Stanley reaffirmed an "equal weight" rating and issued a $340.00 price target (down previously from $425.00) on shares of Everest Group in a report on Wednesday, February 5th. BMO Capital Markets lowered Everest Group from an "outperform" rating to a "market perform" rating and cut their price objective for the stock from $453.00 to $375.00 in a report on Thursday, January 30th. Barclays lowered their target price on shares of Everest Group from $470.00 to $394.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Finally, Keefe, Bruyette & Woods cut their price target on shares of Everest Group from $434.00 to $402.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $396.00.

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.