Capital Fund Management S.A. Decreases Stock Position in Everest Group, Ltd. (NYSE:EG)

Capital Fund Management S.A. lowered its position in Everest Group, Ltd. (NYSE:EG - Free Report) by 20.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,912 shares of the company's stock after selling 6,719 shares during the quarter. Capital Fund Management S.A. owned approximately 0.06% of Everest Group worth $9,392,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. SBI Securities Co. Ltd. bought a new stake in Everest Group in the fourth quarter worth $31,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Everest Group during the third quarter valued at approximately $64,000. Private Trust Co. NA grew its holdings in shares of Everest Group by 48.5% in the fourth quarter. Private Trust Co. NA now owns 196 shares of the company's stock worth $71,000 after purchasing an additional 64 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Everest Group by 43.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 211 shares of the company's stock worth $76,000 after buying an additional 64 shares during the period. Finally, Avior Wealth Management LLC boosted its position in Everest Group by 22.4% during the 4th quarter. Avior Wealth Management LLC now owns 257 shares of the company's stock valued at $93,000 after buying an additional 47 shares during the period. 92.64% of the stock is owned by hedge funds and other institutional investors.

Everest Group Trading Up 0.7 %

Everest Group stock traded up $2.50 during midday trading on Thursday, reaching $350.10. The stock had a trading volume of 112,427 shares, compared to its average volume of 370,494. The firm has a market cap of $16.73 billion, a price-to-earnings ratio of 11.14, a price-to-earnings-growth ratio of 0.24 and a beta of 0.43. The company has a fifty day moving average of $349.57 and a 200 day moving average of $362.81. Everest Group, Ltd. has a 52-week low of $320.00 and a 52-week high of $407.30. 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 (NYSE:EG - Get Free Report) last announced its quarterly earnings data on Monday, February 3rd. The company reported ($18.39) earnings per share 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, analysts anticipate 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 was paid on Friday, March 28th. Shareholders of record on Monday, March 17th were issued a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 2.29%. The ex-dividend date was Monday, March 17th. Everest Group's payout ratio is 25.47%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. UBS Group decreased their target price on Everest Group from $375.00 to $372.00 and set a "neutral" rating for the company in a report on Wednesday, April 9th. BMO Capital Markets cut shares of Everest Group from an "outperform" rating to a "market perform" rating and decreased their price objective for the company from $453.00 to $375.00 in a report on Thursday, January 30th. Jefferies Financial Group upgraded shares of Everest Group from a "hold" rating to a "buy" rating and increased their price target for the stock from $376.00 to $415.00 in a research report on Friday, April 11th. Morgan Stanley reaffirmed an "equal weight" rating and issued a $340.00 target price (down previously from $425.00) on shares of Everest Group in a report on Wednesday, February 5th. Finally, Keefe, Bruyette & Woods cut their target price on shares of Everest Group from $434.00 to $402.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Everest Group has a consensus rating of "Hold" and an average target price of $396.00.

Insider Activity

In other Everest Group news, Director Geraldine Losquadro sold 1,500 shares of Everest Group stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $360.63, for a total value of $540,945.00. Following the transaction, the director now owns 12,279 shares in the company, valued at $4,428,175.77. The trade was a 10.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.20% of the company's stock.

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.