Everest Group, Ltd. (NYSE:EG) Shares Sold by Mariner LLC

Mariner LLC cut its stake in Everest Group, Ltd. (NYSE:EG) by 75.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,493 shares of the company’s stock after selling 50,034 shares during the period. Mariner LLC’s holdings in Everest Group were worth $5,978,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of EG. Dakota Wealth Management boosted its position in Everest Group by 1.7% during the 4th quarter. Dakota Wealth Management now owns 1,945 shares of the company’s stock worth $705,000 after acquiring an additional 32 shares during the period. Wilmington Savings Fund Society FSB lifted its holdings in Everest Group by 19.6% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 195 shares of the company’s stock worth $71,000 after purchasing an additional 32 shares during the period. Steph & Co. lifted its holdings in Everest Group by 10.6% in the fourth quarter. Steph & Co. now owns 366 shares of the company’s stock worth $133,000 after purchasing an additional 35 shares during the period. Lester Murray Antman dba SimplyRich grew its position in Everest Group by 2.7% in the 4th quarter. Lester Murray Antman dba SimplyRich now owns 1,328 shares of the company’s stock valued at $481,000 after buying an additional 35 shares in the last quarter. Finally, Foundations Investment Advisors LLC raised its position in shares of Everest Group by 5.9% during the 4th quarter. Foundations Investment Advisors LLC now owns 661 shares of the company’s stock worth $239,000 after buying an additional 37 shares in the last quarter. Institutional investors and hedge funds own 92.64% of the company’s stock.

Insider Activity

In related news, Director Geraldine Losquadro sold 1,500 shares of the firm’s stock in a transaction that occurred on 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 sale, the director now directly owns 12,279 shares in the company, 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 SEC, which can be accessed through the SEC website. 1.20% of the stock is currently owned by corporate insiders.

Everest Group Trading Up 0.7 %

Shares of EG opened at $349.98 on Friday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.26. Everest Group, Ltd. has a 1-year low of $320.00 and a 1-year high of $407.30. The stock has a market capitalization of $16.72 billion, a P/E ratio of 11.14, a P/E/G ratio of 0.24 and a beta of 0.43. The business’s 50-day moving average price is $350.18 and its 200 day moving average price is $361.97.

Everest Group (NYSE:EG) last released its earnings results on Monday, February 3rd. The company reported ($18.39) earnings per share 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%. Analysts expect that Everest Group, Ltd. will post 47.93 earnings per share for the current year.

Everest Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 17th were given a $2.00 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $8.00 annualized dividend and a dividend yield of 2.29%. Everest Group’s dividend payout ratio (DPR) is presently 25.47%.

Analyst Ratings Changes

A number of research firms recently commented on EG. Morgan Stanley reiterated an “equal weight” rating and set a $340.00 price objective (down previously from $425.00) on shares of Everest Group in a research note on Wednesday, February 5th. Jefferies Financial Group upgraded Everest Group from a “hold” rating to a “buy” rating and lifted their price target for the company from $376.00 to $415.00 in a research report on Friday, April 11th. UBS Group cut their price objective on Everest Group from $375.00 to $372.00 and set a “neutral” rating for the company in a report on Wednesday, April 9th. Barclays lowered their target price on Everest Group from $470.00 to $394.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. Finally, Keefe, Bruyette & Woods reduced 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, April 9th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $396.00.

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.