Everest Group, Ltd. (NYSE:EG) Shares Sold by Wealthfront Advisers LLC

Wealthfront Advisers LLC cut its stake in shares of Everest Group, Ltd. (NYSE:EG) by 11.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,657 shares of the company’s stock after selling 458 shares during the quarter. Wealthfront Advisers LLC’s holdings in Everest Group were worth $1,326,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in EG. SBI Securities Co. Ltd. purchased a new stake in shares of Everest Group in the 4th quarter worth about $31,000. Brooklyn Investment Group purchased a new stake in shares of Everest Group in the 3rd quarter worth about $39,000. Private Trust Co. NA boosted its position in shares of Everest Group by 51.7% in the 3rd quarter. Private Trust Co. NA now owns 132 shares of the company’s stock worth $52,000 after buying an additional 45 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Everest Group in the 3rd quarter worth about $64,000. Finally, Avior Wealth Management LLC boosted its position in shares of Everest Group by 22.4% in the 4th quarter. Avior Wealth Management LLC now owns 257 shares of the company’s stock worth $93,000 after buying an additional 47 shares in the last quarter. 92.64% of the stock is owned by institutional investors and hedge funds.

Everest Group Stock Up 2.8 %

Shares of NYSE:EG opened at $359.35 on Friday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.26. Everest Group, Ltd. has a 52-week low of $327.37 and a 52-week high of $407.30. The company has a 50 day moving average of $351.55 and a two-hundred day moving average of $368.44. The company has a market capitalization of $15.43 billion, a price-to-earnings ratio of 11.44, a price-to-earnings-growth ratio of 0.24 and a beta of 0.61.

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 net margin of 7.95% and a return on equity of 9.04%. As a group, analysts forecast that Everest Group, Ltd. will post 47.93 earnings per share for the current fiscal year.

Everest Group Dividend Announcement

The company 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 $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 2.23%. The ex-dividend date is Monday, March 17th. Everest Group’s dividend payout ratio (DPR) is 25.47%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on EG shares. Jefferies Financial Group lowered shares of Everest Group from a “buy” rating to a “hold” rating and upped their target price for the company from $420.00 to $429.00 in a report on Tuesday, November 26th. Keefe, Bruyette & Woods increased their price objective on shares of Everest Group from $420.00 to $434.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. Wells Fargo & Company cut 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. BMO Capital Markets lowered shares of Everest Group from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $453.00 to $375.00 in a report on Thursday, January 30th. Finally, Barclays increased their target price 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. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average 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.