Prudential Financial Inc. Sells 3,291 Shares of Everest Group, Ltd. (NYSE:EG)

Prudential Financial Inc. decreased its position in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 39.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,121 shares of the company's stock after selling 3,291 shares during the quarter. Prudential Financial Inc.'s holdings in Everest Group were worth $1,856,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in shares of Everest Group during the 4th quarter worth approximately $31,000. Wilmington Savings Fund Society FSB bought a new stake in Everest Group during the third quarter worth $64,000. Private Trust Co. NA increased its stake in shares of 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 purchasing an additional 64 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Everest Group by 43.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 211 shares of the company's stock worth $76,000 after buying an additional 64 shares in the last quarter. Finally, Avior Wealth Management LLC lifted its position in shares of Everest Group by 22.4% during the 4th quarter. Avior Wealth Management LLC now owns 257 shares of the company's stock worth $93,000 after buying an additional 47 shares during the last quarter. 92.64% of the stock is owned by institutional investors.

Everest Group Trading Up 4.9 %

NYSE:EG traded up $16.27 during trading hours on Wednesday, hitting $348.31. 387,394 shares of the company were exchanged, compared to its average volume of 370,148. The stock has a market capitalization of $16.64 billion, a price-to-earnings ratio of 11.09, a price-to-earnings-growth ratio of 0.24 and a beta of 0.43. Everest Group, Ltd. has a one year low of $318.91 and a one year high of $407.30. The company has a fifty day simple moving average of $348.75 and a 200 day simple moving average of $363.99. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.26.

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Everest Group (NYSE:EG - Get Free Report) last posted its quarterly earnings data 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%. Sell-side analysts expect that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Everest Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 17th were given a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a dividend yield of 2.30%. The ex-dividend date of this dividend was Monday, March 17th. Everest Group's dividend payout ratio (DPR) is presently 25.47%.

Insider Buying and Selling

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 stock was sold at an average price of $360.63, for a total transaction of $540,945.00. Following the transaction, the director now directly owns 12,279 shares in the company, valued at approximately $4,428,175.77. This represents a 10.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on EG shares. Keefe, Bruyette & Woods lowered their target price on Everest Group from $434.00 to $402.00 and set an "outperform" rating for the company in a research note on Wednesday. UBS Group dropped 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 note on Wednesday. Wells Fargo & Company decreased their target price on shares of Everest Group from $390.00 to $380.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 14th. Barclays increased their price target on Everest Group from $461.00 to $470.00 and gave the company an "overweight" rating in a research note on Tuesday, February 4th. Finally, BMO Capital Markets lowered Everest Group from an "outperform" rating to a "market perform" rating and reduced 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 three have assigned a buy rating to the stock. According to data from MarketBeat, Everest Group presently has a consensus rating of "Hold" and an average price target of $408.00.

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.