Everest Group, Ltd. (NYSE:EG) Shares Bought by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC increased its holdings in Everest Group, Ltd. (NYSE:EG - Free Report) by 40.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,980 shares of the company's stock after buying an additional 851 shares during the period. Orion Portfolio Solutions LLC's holdings in Everest Group were worth $1,080,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new position in Everest Group during the fourth quarter valued at $31,000. Wilmington Savings Fund Society FSB acquired a new position in Everest Group during the third quarter valued at $64,000. Private Trust Co. NA lifted its position in Everest Group by 48.5% during the fourth 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 lifted its position in 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 purchasing an additional 64 shares during the period. Finally, Avior Wealth Management LLC lifted its position in Everest Group by 22.4% during the fourth quarter. Avior Wealth Management LLC now owns 257 shares of the company's stock valued at $93,000 after purchasing an additional 47 shares during the period. 92.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on EG. Wells Fargo & Company decreased their price objective 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. BMO Capital Markets downgraded 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. Keefe, Bruyette & Woods decreased their price objective on shares of Everest Group from $434.00 to $402.00 and set an "outperform" rating for the company in a research report on Wednesday. UBS Group decreased their price objective 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. Finally, Barclays upped their price objective on shares of Everest Group from $461.00 to $470.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 4th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Everest Group has a consensus rating of "Hold" and a consensus price target of $408.00.

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Everest Group Stock Down 0.9 %

Shares of EG stock traded down $3.24 during trading hours on Thursday, reaching $345.14. 31,371 shares of the stock were exchanged, compared to its average volume of 429,036. 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, Ltd. has a 12-month low of $320.00 and a 12-month high of $407.30. The firm has a market capitalization of $16.49 billion, a P/E ratio of 10.99, a P/E/G ratio of 0.24 and a beta of 0.43. The business's fifty day moving average is $348.75 and its two-hundred day moving average is $363.99.

Everest Group (NYSE:EG - Get Free Report) last posted its earnings results on Monday, February 3rd. The company reported ($18.39) EPS for the quarter, missing the consensus estimate of $11.64 by ($30.03). Everest Group had a net margin of 7.95% and a return on equity of 9.04%. As a group, research analysts expect that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Everest Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 17th were paid a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend was Monday, March 17th. Everest Group's payout ratio is 25.47%.

Insider Activity at Everest Group

In other Everest Group news, Director Geraldine Losquadro sold 1,500 shares of the company's stock in a transaction on 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 in the company, 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 available at this hyperlink. 1.20% of the stock is currently owned by corporate insiders.

Everest Group Company 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.