Everest Group, Ltd. (NYSE:EG) Shares Sold by Blair William & Co. IL

Blair William & Co. IL cut its holdings in shares of Everest Group, Ltd. (NYSE:EG) by 19.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,041 shares of the company’s stock after selling 258 shares during the period. Blair William & Co. IL’s holdings in Everest Group were worth $378,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in EG. Vulcan Value Partners LLC lifted its stake in Everest Group by 279.1% during the fourth quarter. Vulcan Value Partners LLC now owns 978,713 shares of the company’s stock valued at $354,768,000 after purchasing an additional 720,572 shares during the last quarter. Balyasny Asset Management L.P. lifted its stake in Everest Group by 14,518.5% during the fourth quarter. Balyasny Asset Management L.P. now owns 190,040 shares of the company’s stock valued at $68,882,000 after purchasing an additional 188,740 shares during the last quarter. GAMMA Investing LLC lifted its stake in Everest Group by 31,899.6% during the first quarter. GAMMA Investing LLC now owns 174,398 shares of the company’s stock valued at $63,364,000 after purchasing an additional 173,853 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in Everest Group during the fourth quarter valued at approximately $55,352,000. Finally, Raymond James Financial Inc. acquired a new stake in Everest Group during the fourth quarter valued at approximately $48,290,000. 92.64% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Everest Group

In other Everest Group news, CEO James Allan Williamson purchased 1,000 shares of the business’s stock in a transaction dated Wednesday, June 11th. The shares were acquired at an average price of $337.97 per share, for a total transaction of $337,970.00. Following the acquisition, the chief executive officer owned 25,618 shares of the company’s stock, valued at $8,658,115.46. This trade represents a 4.06% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Everest Group Stock Up 0.2%

Everest Group stock opened at $330.38 on Tuesday. The firm has a market cap of $13.86 billion, a PE ratio of 17.54, a P/E/G ratio of 0.24 and a beta of 0.50. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.38 and a current ratio of 0.38. The firm’s 50 day moving average price is $336.12 and its two-hundred day moving average price is $344.26. Everest Group, Ltd. has a twelve month low of $320.00 and a twelve month high of $407.30.

Everest Group (NYSE:EG) last released its quarterly earnings results on Wednesday, July 30th. The company reported $17.36 earnings per share for the quarter, beating analysts’ consensus estimates of $15.14 by $2.22. The business had revenue of $4.49 billion for the quarter, compared to the consensus estimate of $4.22 billion. Everest Group had a net margin of 4.56% and a return on equity of 5.89%. Everest Group’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter last year, the firm earned $16.85 EPS. On average, research analysts predict that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Everest Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Wednesday, May 28th were issued a dividend of $2.00 per share. The ex-dividend date was Wednesday, May 28th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.4%. Everest Group’s dividend payout ratio (DPR) is currently 42.46%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Janney Montgomery Scott assumed coverage on shares of Everest Group in a research report on Friday, June 20th. They issued a “buy” rating and a $425.00 price target for the company. Keefe, Bruyette & Woods upped their price target on shares of Everest Group from $405.00 to $416.00 and gave the company an “outperform” rating in a research report on Wednesday, August 6th. Raymond James Financial restated a “strong-buy” rating and issued a $410.00 price target (down previously from $420.00) on shares of Everest Group in a research report on Tuesday, May 6th. Wells Fargo & Company restated a “mixed” rating on shares of Everest Group in a research report on Monday, August 4th. Finally, Barclays upped their price target on shares of Everest Group from $394.00 to $398.00 and gave the company an “overweight” rating in a research report on Monday, July 7th. Five investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $402.50.

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.