Centiva Capital LP Has $738,000 Stock Holdings in Everest Group, Ltd. (NYSE:EG)

Centiva Capital LP reduced its holdings in Everest Group, Ltd. (NYSE:EG - Free Report) by 64.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,035 shares of the company's stock after selling 3,616 shares during the quarter. Centiva Capital LP's holdings in Everest Group were worth $738,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in shares of Everest Group by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 5,560,030 shares of the company's stock valued at $2,015,288,000 after purchasing an additional 43,793 shares during the period. Norges Bank acquired a new position in shares of Everest Group during the 4th quarter valued at $488,588,000. Franklin Resources Inc. raised its holdings in shares of Everest Group by 0.4% in the 4th quarter. Franklin Resources Inc. now owns 1,281,611 shares of the company's stock worth $464,533,000 after purchasing an additional 4,544 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Everest Group by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 1,164,081 shares of the company's stock worth $424,344,000 after purchasing an additional 8,321 shares in the last quarter. Finally, Vulcan Value Partners LLC raised its holdings in shares of Everest Group by 279.1% in the 4th quarter. Vulcan Value Partners LLC now owns 978,713 shares of the company's stock worth $354,768,000 after purchasing an additional 720,572 shares in the last quarter. 92.64% of the stock is currently owned by institutional investors and hedge funds.

Everest Group Stock Down 1.0%

EG traded down $3.54 during trading on Wednesday, reaching $342.61. 195,478 shares of the stock traded hands, compared to its average volume of 421,769. The stock has a market cap of $14.57 billion, a price-to-earnings ratio of 10.91, a price-to-earnings-growth ratio of 0.24 and a beta of 0.58. Everest Group, Ltd. has a fifty-two week low of $320.00 and a fifty-two week high of $407.30. 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 stock's 50-day simple moving average is $352.23 and its two-hundred day simple moving average is $357.52.

Everest Group (NYSE:EG - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $6.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $7.46 by ($1.01). Everest Group had a net margin of 7.95% and a return on equity of 9.04%. The firm had revenue of $4.26 billion for the quarter, compared to analyst estimates of $3.89 billion. During the same period in the previous year, the business posted $16.32 EPS. Everest Group's revenue for the quarter was up 3.1% on a year-over-year basis. As a group, equities research analysts expect that Everest Group, Ltd. will post 47.93 EPS for the current year.

Everest Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 17th were given a $2.00 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.34%. Everest Group's dividend payout ratio is currently 41.15%.

Insiders Place Their Bets

In other news, Director Geraldine Losquadro sold 1,500 shares of the business's stock in a transaction 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 completion of the sale, the director now directly owns 12,279 shares in the company, valued at approximately $4,428,175.77. The trade was a 10.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

EG has been the topic of a number of recent research reports. Barclays decreased their target price on Everest Group from $470.00 to $394.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Evercore ISI decreased their target price on Everest Group from $400.00 to $396.00 and set an "in-line" rating on the stock in a report on Thursday, May 1st. Raymond James reaffirmed a "strong-buy" rating and issued a $410.00 target price (down previously from $420.00) on shares of Everest Group in a research report on Tuesday, May 6th. 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 research report on Wednesday, April 9th. Finally, Jefferies Financial Group raised Everest Group from a "hold" rating to a "buy" rating and raised their target price for the stock from $376.00 to $415.00 in a research report on Friday, April 11th. Six investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $397.18.

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.