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

Everest Group, Ltd. (NYSE:EG) Director Geraldine Losquadro sold 1,500 shares of Everest Group stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $360.63, for a total value of $540,945.00. Following the completion of the transaction, the director now owns 12,279 shares of the company’s stock, valued at $4,428,175.77. This trade represents a 10.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Everest Group Stock Performance

Shares of NYSE EG opened at $355.03 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. The stock has a 50 day simple moving average of $350.92 and a 200-day simple moving average of $367.72. The company has a market cap of $15.24 billion, a PE ratio of 11.30, a P/E/G ratio of 0.24 and a beta of 0.61. Everest Group, Ltd. has a 12-month low of $327.37 and a 12-month high of $407.30.

Everest Group (NYSE:EG) last issued 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%. On average, equities research analysts forecast 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. Stockholders of record on Monday, March 17th will be given a dividend of $2.00 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $8.00 annualized dividend and a dividend yield of 2.25%. Everest Group’s dividend payout ratio is presently 25.47%.

Hedge Funds Weigh In On Everest Group

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC boosted its position in shares of Everest Group by 12.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,680 shares of the company’s stock worth $1,696,000 after buying an additional 517 shares during the period. Lansforsakringar Fondforvaltning AB publ bought a new stake in Everest Group during the fourth quarter worth approximately $3,713,000. Park Square Financial Group LLC bought a new stake in Everest Group during the fourth quarter worth approximately $104,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Everest Group during the fourth quarter worth approximately $12,597,000. Finally, Talaria Asset Management Pty Ltd bought a new stake in Everest Group during the fourth quarter worth approximately $28,417,000. 92.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently commented on EG. Morgan Stanley reiterated an “equal weight” rating and issued a $340.00 price target (down from $425.00) on shares of Everest Group in a research note on Wednesday, February 5th. Keefe, Bruyette & Woods lifted their price target on Everest Group from $420.00 to $434.00 and gave the stock an “outperform” rating in a research note on Friday, January 10th. Wells Fargo & Company decreased their price target on Everest Group from $390.00 to $380.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. Jefferies Financial Group downgraded Everest Group from a “buy” rating to a “hold” rating and lifted their target price for the company from $420.00 to $429.00 in a research note on Tuesday, November 26th. Finally, BMO Capital Markets downgraded Everest Group from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $453.00 to $375.00 in a research note on Thursday, January 30th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $416.50.

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.