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

Everest Group, Ltd. (NYSE:EG) Director Geraldine Losquadro sold 1,500 shares of Everest Group stock in a transaction that occurred 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 sale, the director now owns 12,279 shares in the company, valued at $4,428,175.77. This represents a 10.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Everest Group Price Performance

NYSE EG opened at $356.63 on Thursday. Everest Group, Ltd. has a one year low of $327.37 and a one year high of $407.30. The stock has a 50-day moving average of $351.18 and a 200 day moving average of $367.81. 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 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.

Everest Group (NYSE:EG) last issued its quarterly earnings data on Monday, February 3rd. The company reported ($18.39) 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, sell-side analysts forecast that Everest Group, Ltd. will post 47.93 EPS for the current year.

Everest Group Announces Dividend

The business 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 $2.00 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $8.00 dividend on an annualized basis and a yield of 2.24%. Everest Group’s dividend payout ratio is currently 25.47%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in EG. Sunbelt Securities Inc. purchased a new position in Everest Group in the 4th quarter worth approximately $29,000. SBI Securities Co. Ltd. bought a new position in shares of Everest Group in the 4th quarter valued at about $31,000. Brooklyn Investment Group bought a new position in shares of Everest Group during the 3rd quarter valued at approximately $39,000. Optiver Holding B.V. bought a new stake in shares of Everest Group in the 4th quarter worth about $51,000. Finally, Private Trust Co. NA boosted its stake in shares of Everest Group by 51.7% during the 3rd quarter. Private Trust Co. NA now owns 132 shares of the company’s stock worth $52,000 after purchasing an additional 45 shares during the period. 92.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on EG shares. BMO Capital Markets cut shares of Everest Group from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $453.00 to $375.00 in a report on Thursday, January 30th. Jefferies Financial Group cut shares of Everest Group from a “buy” rating to a “hold” rating and upped their price objective for the stock from $420.00 to $429.00 in a report on Tuesday, November 26th. Morgan Stanley reiterated an “equal weight” rating and set a $340.00 target price (down from $425.00) on shares of Everest Group in a report on Wednesday, February 5th. Keefe, Bruyette & Woods upped 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. Finally, Wells Fargo & Company lowered their price objective 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. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Everest Group presently 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.