Everest Group, Ltd. (NYSE:EG) Director Geraldine Losquadro Sells 1,500 Shares

Everest Group, Ltd. (NYSE:EG) 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 sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Everest Group Stock Performance

Everest Group stock opened at $353.19 on Friday. The stock’s 50-day moving average is $350.90 and its 200-day moving average is $367.45. The company has a market cap of $15.16 billion, a price-to-earnings ratio of 11.24, a price-to-earnings-growth ratio of 0.24 and a beta of 0.61. 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 $327.37 and a 12 month high of $407.30.

Everest Group (NYSE:EG) last released 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%. Equities analysts anticipate that Everest Group, Ltd. will post 47.93 earnings per share for the current year.

Everest Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 17th will be issued a $2.00 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.27%. Everest Group’s dividend payout ratio (DPR) is 25.47%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Morgan Stanley restated an “equal weight” rating and issued a $340.00 price objective (down from $425.00) on shares of Everest Group in a research report on Wednesday, February 5th. Barclays upped their price objective on Everest Group from $461.00 to $470.00 and gave the company an “overweight” rating in a research report on Tuesday, February 4th. Wells Fargo & Company reduced their price objective on Everest Group from $390.00 to $380.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. Jefferies Financial Group downgraded Everest Group from a “buy” rating to a “hold” rating and increased their target price for the stock from $420.00 to $429.00 in a research report on Tuesday, November 26th. Finally, Keefe, Bruyette & Woods increased their target price on Everest Group from $420.00 to $434.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Everest Group presently has an average rating of “Hold” and a consensus target price of $416.50.

Hedge Funds Weigh In On Everest Group

A number of large investors have recently modified their holdings of EG. Norges Bank purchased a new stake in shares of Everest Group during the 4th quarter valued at about $488,588,000. Vulcan Value Partners LLC raised its holdings in shares of Everest Group by 279.1% during the 4th quarter. Vulcan Value Partners LLC now owns 978,713 shares of the company’s stock valued at $354,768,000 after buying an additional 720,572 shares during the period. World Investment Advisors LLC purchased a new stake in shares of Everest Group during the 3rd quarter valued at about $120,564,000. Sterling Capital Management LLC raised its holdings in shares of Everest Group by 11,756.0% during the 4th quarter. Sterling Capital Management LLC now owns 278,616 shares of the company’s stock valued at $100,987,000 after buying an additional 276,266 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Everest Group by 442.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 308,155 shares of the company’s stock valued at $120,744,000 after buying an additional 251,337 shares during the period. 92.64% of the stock is currently owned by hedge funds and other institutional investors.

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.