Everest Group, Ltd. (NYSE:EG) Stock Holdings Trimmed by California Public Employees Retirement System

California Public Employees Retirement System trimmed its holdings in shares of Everest Group, Ltd. (NYSE:EG) by 1.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 199,923 shares of the company’s stock after selling 3,061 shares during the period. California Public Employees Retirement System’s holdings in Everest Group were worth $72,464,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Allstate Corp acquired a new position in Everest Group during the 4th quarter valued at about $506,000. DnB Asset Management AS increased its stake in shares of Everest Group by 5.5% during the fourth quarter. DnB Asset Management AS now owns 8,492 shares of the company’s stock valued at $3,078,000 after acquiring an additional 445 shares during the period. Level Four Advisory Services LLC raised its holdings in Everest Group by 3.0% during the fourth quarter. Level Four Advisory Services LLC now owns 2,678 shares of the company’s stock worth $971,000 after purchasing an additional 77 shares in the last quarter. Orion Portfolio Solutions LLC lifted its position in Everest Group by 40.0% in the fourth quarter. Orion Portfolio Solutions LLC now owns 2,980 shares of the company’s stock worth $1,080,000 after purchasing an additional 851 shares during the period. Finally, Pictet Asset Management Holding SA boosted its stake in Everest Group by 0.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 23,602 shares of the company’s stock valued at $8,555,000 after purchasing an additional 221 shares in the last quarter. 92.64% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on EG shares. Barclays upped their price objective on Everest Group from $461.00 to $470.00 and gave the company an “overweight” rating in a report on Tuesday, February 4th. Keefe, Bruyette & Woods raised their price objective on shares of Everest Group from $420.00 to $434.00 and gave the company an “outperform” rating in a research report on Friday, January 10th. BMO Capital Markets lowered shares of Everest Group from an “outperform” rating to a “market perform” rating and cut their target price for the company from $453.00 to $375.00 in a research note on Thursday, January 30th. Morgan Stanley restated an “equal weight” rating and set a $340.00 target price (down from $425.00) on shares of Everest Group in a report on Wednesday, February 5th. Finally, Wells Fargo & Company dropped their price target on Everest Group from $390.00 to $380.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Six equities 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, the stock presently has a consensus rating of “Hold” and a consensus price target of $416.50.

Everest Group Price Performance

EG opened at $363.91 on Tuesday. The firm has a market capitalization of $15.62 billion, a P/E ratio of 11.59, a PEG ratio of 0.24 and a beta of 0.61. The stock has a fifty day moving average of $351.46 and a 200-day moving average of $366.27. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.26. Everest Group, Ltd. has a 12-month low of $327.37 and a 12-month high of $407.30.

Everest Group (NYSE:EG) last announced its quarterly earnings data 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%. Equities analysts forecast that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Everest Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 17th were given a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date was Monday, March 17th. Everest Group’s payout ratio is presently 25.47%.

Insider Buying and Selling at Everest Group

In related news, Director Geraldine Losquadro sold 1,500 shares of Everest Group stock in a transaction 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 completion of the sale, the director now owns 12,279 shares of the company’s stock, valued at approximately $4,428,175.77. This trade represents a 10.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.20% of the company’s stock.

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.