Transamerica Financial Advisors Inc. Has $92,000 Position in Everest Group, Ltd. (NYSE:EG)

Transamerica Financial Advisors Inc. cut its position in shares of Everest Group, Ltd. (NYSE:EG) by 52.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 254 shares of the company’s stock after selling 277 shares during the period. Transamerica Financial Advisors Inc.’s holdings in Everest Group were worth $92,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

EG has been the topic of several research reports. Wells Fargo & Company decreased their price objective on shares of Everest Group from $390.00 to $380.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Morgan Stanley reissued an “equal weight” rating and issued a $340.00 price target (down from $425.00) on shares of Everest Group in a report on Wednesday, February 5th. Barclays boosted their price objective on Everest Group from $461.00 to $470.00 and gave the stock an “overweight” rating in a report on Tuesday, February 4th. 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 note on Friday, January 10th. Finally, BMO Capital Markets cut Everest Group from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $453.00 to $375.00 in a report on Thursday, January 30th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $416.50.

Everest Group Trading Down 1.6 %

Shares of EG stock opened at $361.50 on Friday. The stock has a market cap of $15.52 billion, a P/E ratio of 11.51, a price-to-earnings-growth ratio of 0.24 and a beta of 0.61. Everest Group, Ltd. has a 1 year low of $327.37 and a 1 year high of $407.30. 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 $351.43 and a 200 day simple moving average of $366.45.

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 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, research analysts predict that Everest Group, Ltd. will post 47.93 earnings per share for the current fiscal year.

Everest Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 17th were issued a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 2.21%. The ex-dividend date was Monday, March 17th. Everest Group’s dividend payout ratio is currently 25.47%.

Insider Activity

In other news, Director Geraldine Losquadro sold 1,500 shares of Everest Group stock in a transaction on Tuesday, March 18th. The stock was 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.20% 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.