Thrivent Financial for Lutherans Has $10.48 Million Position in Everest Group, Ltd. (NYSE:EG)

Thrivent Financial for Lutherans decreased its holdings in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 2.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,772 shares of the company's stock after selling 787 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.07% of Everest Group worth $10,478,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. bought a new stake in Everest Group in the 4th quarter valued at about $31,000. Brooklyn Investment Group bought a new stake in shares of Everest Group during the third quarter valued at approximately $39,000. Private Trust Co. NA raised its holdings in shares of Everest Group by 51.7% during the third quarter. Private Trust Co. NA now owns 132 shares of the company's stock valued at $52,000 after buying an additional 45 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Everest Group during the third quarter worth approximately $64,000. Finally, EverSource Wealth Advisors LLC grew its holdings in Everest Group by 43.5% in 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. Institutional investors own 92.64% of the company's stock.

Insider Transactions at Everest Group

In other Everest Group news, Director Geraldine Losquadro sold 1,500 shares of the firm's stock in a transaction dated 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 transaction, the director now owns 12,279 shares in the company, valued at $4,428,175.77. This trade represents a 10.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.20% of the stock is currently owned by corporate insiders.

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Everest Group Price Performance

Shares of NYSE EG traded up $3.79 during trading on Wednesday, hitting $366.04. The company had a trading volume of 206,720 shares, compared to its average volume of 350,578. The business's 50-day moving average is $351.13 and its 200 day moving average is $366.73. The company has a market cap of $15.72 billion, a P/E ratio of 11.65, a PEG ratio of 0.24 and a beta of 0.61. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.40 and a current ratio of 0.40. Everest Group, Ltd. has a 52 week low of $327.37 and a 52 week high of $407.30.

Everest Group (NYSE:EG - Get Free Report) last posted its quarterly 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 return on equity of 9.04% and a net margin of 7.95%. Equities research analysts predict that Everest Group, Ltd. will post 47.93 earnings per share for the current fiscal year.

Everest Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 17th will be paid a $2.00 dividend. The ex-dividend date is Monday, March 17th. This represents a $8.00 dividend on an annualized basis and a yield of 2.19%. Everest Group's payout ratio is presently 25.47%.

Analyst Ratings Changes

A number of brokerages have issued reports on EG. Barclays boosted their price target on Everest Group from $461.00 to $470.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 4th. Wells Fargo & Company cut their price objective 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. Morgan Stanley reiterated an "equal weight" rating and issued a $340.00 target price (down previously from $425.00) on shares of Everest Group in a research report on Wednesday, February 5th. BMO Capital Markets downgraded shares of Everest Group from an "outperform" rating to a "market perform" rating and dropped their price target for the stock from $453.00 to $375.00 in a research report on Thursday, January 30th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Everest Group from $420.00 to $434.00 and gave the company an "outperform" rating in a report on Friday, January 10th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $416.50.

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.