Corient Private Wealth LLC cut its stake in Everest Group, Ltd. (NYSE:EG – Free Report) by 6.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,342 shares of the company’s stock after selling 1,954 shares during the period. Corient Private Wealth LLC’s holdings in Everest Group were worth $9,544,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC increased its holdings in Everest Group by 152.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 22,693 shares of the company’s stock valued at $8,225,000 after buying an additional 13,687 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Everest Group by 19.5% in the third quarter. JPMorgan Chase & Co. now owns 78,469 shares of the company’s stock valued at $30,747,000 after buying an additional 12,791 shares in the last quarter. Brophy Wealth Management LLC purchased a new position in shares of Everest Group during the 3rd quarter worth approximately $749,000. Intech Investment Management LLC increased its stake in shares of Everest Group by 13.1% during the 3rd quarter. Intech Investment Management LLC now owns 27,324 shares of the company’s stock worth $10,706,000 after purchasing an additional 3,166 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Everest Group by 5.5% during the 3rd quarter. Principal Financial Group Inc. now owns 53,892 shares of the company’s stock worth $21,117,000 after purchasing an additional 2,818 shares in the last quarter. 92.64% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Everest Group
In related news, 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 transaction of $540,945.00. Following the sale, the director now owns 12,279 shares of the company’s stock, valued at $4,428,175.77. The trade was a 10.89 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.20% of the company’s stock.
Analyst Upgrades and Downgrades
Check Out Our Latest Research Report on EG
Everest Group Stock Performance
NYSE:EG opened at $356.63 on Thursday. 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 firm has a market capitalization of $15.31 billion, a price-to-earnings ratio of 11.35, a PEG ratio of 0.24 and a beta of 0.61. The firm’s fifty day simple moving average is $351.18 and its 200 day simple moving average is $367.81. Everest Group, Ltd. has a twelve month low of $327.37 and a twelve month high of $407.30.
Everest Group (NYSE:EG – Get Free Report) last posted 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 net margin of 7.95% and a return on equity of 9.04%. As a group, equities research analysts expect that Everest Group, Ltd. will post 47.93 earnings per share for the current fiscal year.
Everest Group Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 17th will be issued a dividend of $2.00 per share. The ex-dividend date is Monday, March 17th. This represents a $8.00 annualized dividend and a dividend yield of 2.24%. Everest Group’s payout ratio is 25.47%.
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.
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