Lingohr Asset Management GmbH Sells 1,239 Shares of Everest Group, Ltd. (NYSE:EG)

Lingohr Asset Management GmbH decreased its stake in shares of Everest Group, Ltd. (NYSE:EG) by 63.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 723 shares of the company’s stock after selling 1,239 shares during the quarter. Lingohr Asset Management GmbH’s holdings in Everest Group were worth $260,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC lifted its holdings in Everest Group by 152.0% during the 4th 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. lifted its holdings in Everest Group by 19.5% during the 3rd 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 Everest Group during the 3rd quarter valued at about $749,000. Intech Investment Management LLC increased its position in Everest Group by 13.1% during the 3rd quarter. Intech Investment Management LLC now owns 27,324 shares of the company’s stock valued at $10,706,000 after purchasing an additional 3,166 shares during the period. Finally, Principal Financial Group Inc. increased its position in Everest Group by 5.5% during the 3rd quarter. Principal Financial Group Inc. now owns 53,892 shares of the company’s stock valued at $21,117,000 after purchasing an additional 2,818 shares during the period. Institutional investors own 92.64% of the company’s stock.

Everest Group Stock Down 0.8 %

Shares of Everest Group stock opened at $356.63 on Thursday. The firm’s 50 day moving average price is $351.18 and its 200-day moving average price is $367.81. 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 market cap of $15.31 billion, a P/E ratio of 11.35, a PEG ratio of 0.24 and a beta of 0.61.

Everest Group (NYSE:EG) last released 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 return on equity of 9.04% and a net margin of 7.95%. On average, sell-side analysts predict that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Everest Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 17th will be given a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend is Monday, March 17th. Everest Group’s dividend payout ratio is presently 25.47%.

Insiders Place Their Bets

In other Everest Group news, Director Geraldine Losquadro sold 1,500 shares of the business’s stock in a transaction that occurred 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 approximately $4,428,175.77. The trade was a 10.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.20% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Keefe, Bruyette & Woods raised their target price on shares of Everest Group from $420.00 to $434.00 and gave the company an “outperform” rating in a research report on Friday, January 10th. BMO Capital Markets downgraded shares of Everest Group from an “outperform” rating to a “market perform” rating and cut their target price for the company from $453.00 to $375.00 in a research report on Thursday, January 30th. Jefferies Financial Group downgraded shares of Everest Group from a “buy” rating to a “hold” rating and raised their target price for the company from $420.00 to $429.00 in a research report on Tuesday, November 26th. Morgan Stanley reissued an “equal weight” rating and set a $340.00 target price (down previously from $425.00) on shares of Everest Group in a research report on Wednesday, February 5th. Finally, Wells Fargo & Company cut their target price on shares of Everest Group from $390.00 to $380.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Everest Group currently has an average 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.