Farther Finance Advisors LLC Sells 46 Shares of Everest Group, Ltd. (NYSE:EG)

Farther Finance Advisors LLC lowered its position in Everest Group, Ltd. (NYSE:EG) by 19.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 193 shares of the company’s stock after selling 46 shares during the period. Farther Finance Advisors LLC’s holdings in Everest Group were worth $70,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of EG. PNC Financial Services Group Inc. lifted its holdings in Everest Group by 7.0% in the third quarter. PNC Financial Services Group Inc. now owns 5,293 shares of the company’s stock valued at $2,074,000 after buying an additional 346 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of Everest Group by 6.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 490,691 shares of the company’s stock valued at $192,267,000 after purchasing an additional 30,458 shares during the period. Raymond James Trust N.A. lifted its stake in shares of Everest Group by 59.7% in the 3rd quarter. Raymond James Trust N.A. now owns 1,434 shares of the company’s stock valued at $562,000 after purchasing an additional 536 shares during the period. Citigroup Inc. boosted its position in shares of Everest Group by 5.9% during the 3rd quarter. Citigroup Inc. now owns 51,962 shares of the company’s stock valued at $20,360,000 after purchasing an additional 2,877 shares in the last quarter. Finally, Kingsview Wealth Management LLC acquired a new stake in Everest Group during the third quarter worth approximately $2,076,000. 92.64% of the stock is owned by institutional investors.

Insider Buying and Selling at Everest Group

In other Everest Group news, Director Geraldine Losquadro sold 1,500 shares of the company’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $360.63, for a total value of $540,945.00. Following the completion of the sale, the director now directly owns 12,279 shares of the company’s stock, valued at approximately $4,428,175.77. This represents a 10.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

EG has been the topic of several recent analyst reports. BMO Capital Markets lowered Everest Group from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $453.00 to $375.00 in a research note on Thursday, January 30th. Wells Fargo & Company dropped 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. Morgan Stanley restated 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 upped their price objective on shares of Everest Group from $461.00 to $470.00 and gave the company an “overweight” rating in a report on Tuesday, February 4th. Finally, Jefferies Financial Group downgraded 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 note on Tuesday, November 26th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $416.50.

Everest Group Stock Down 0.5 %

Shares of NYSE EG opened at $353.19 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.40 and a quick ratio of 0.40. The company has a 50-day moving average price of $350.90 and a 200-day moving average price of $367.27. The stock has a market capitalization of $15.16 billion, a P/E ratio of 11.24, a P/E/G 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.

Everest Group (NYSE:EG) last released its quarterly earnings results on Monday, February 3rd. The company reported ($18.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $11.64 by ($30.03). Everest Group had a net margin of 7.95% and a return on equity of 9.04%. On average, equities research analysts forecast that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Everest Group Dividend Announcement

The business also recently declared 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 yield of 2.27%. Everest Group’s dividend payout ratio (DPR) is currently 25.47%.

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.