Insider Selling: Everest Group, Ltd. (NYSE:EG) Director Sells 1,500 Shares of Stock

Everest Group, Ltd. (NYSE:EG) Director Geraldine Losquadro sold 1,500 shares of Everest Group 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 transaction, the director now 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Everest Group Trading Down 0.8 %

Shares of NYSE:EG traded down $2.99 during mid-day trading on Wednesday, hitting $356.63. The stock had a trading volume of 459,528 shares, compared to its average volume of 432,469. The company’s 50 day moving average is $351.40 and its 200-day moving average is $367.89. Everest Group, Ltd. has a 12-month low of $327.37 and a 12-month high of $407.30. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.40 and a current ratio of 0.40. The company has a market cap of $15.31 billion, a PE ratio of 11.35, a P/E/G ratio of 0.24 and a beta of 0.61.

Everest Group (NYSE:EG) last released its earnings results on Monday, February 3rd. The company reported ($18.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $11.64 by ($30.03). Everest Group had a net margin of 7.95% and a return on equity of 9.04%. On average, sell-side analysts predict that Everest Group, Ltd. will post 47.93 EPS for the current year.

Everest Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 17th will be given a dividend of $2.00 per share. The ex-dividend date is Monday, March 17th. This represents a $8.00 dividend on an annualized basis and a yield of 2.24%. Everest Group’s payout ratio is presently 25.47%.

Analyst Ratings Changes

Several research analysts recently weighed in on EG shares. Morgan Stanley reaffirmed an “equal weight” rating and set a $340.00 target price (down previously from $425.00) on shares of Everest Group in a research note on Wednesday, February 5th. Jefferies Financial Group cut shares of Everest Group from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $420.00 to $429.00 in a research note on Tuesday, November 26th. 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. Barclays lifted their price target on shares of Everest Group from $461.00 to $470.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 4th. Finally, Wells Fargo & Company cut their price objective on Everest Group from $390.00 to $380.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $416.50.

Hedge Funds Weigh In On Everest Group

Large investors have recently made changes to their positions in the business. Sunbelt Securities Inc. purchased a new position in Everest Group during the fourth quarter valued at approximately $29,000. SBI Securities Co. Ltd. acquired a new stake in shares of Everest Group during the 4th quarter valued at $31,000. Brooklyn Investment Group purchased a new position in shares of Everest Group during the 3rd quarter valued at $39,000. Optiver Holding B.V. acquired a new position in shares of Everest Group in the fourth quarter worth $51,000. Finally, 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 worth $52,000 after acquiring an additional 45 shares in the last quarter. Institutional investors and hedge funds own 92.64% of the company’s stock.

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.