Everest Group, Ltd. (NYSE:EG) Shares Sold by AQR Capital Management LLC

AQR Capital Management LLC lowered its position in Everest Group, Ltd. (NYSE:EG - Free Report) by 10.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 750,834 shares of the company's stock after selling 85,382 shares during the period. AQR Capital Management LLC owned about 1.75% of Everest Group worth $271,524,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in EG. Vanguard Group Inc. lifted 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 acquiring an additional 43,793 shares during the period. Norges Bank acquired a new stake in shares of Everest Group during the 4th quarter valued at approximately $488,588,000. Franklin Resources Inc. lifted its position in shares of Everest Group by 0.4% during the 4th quarter. Franklin Resources Inc. now owns 1,281,611 shares of the company's stock valued at $464,533,000 after acquiring an additional 4,544 shares during the period. Geode Capital Management LLC lifted its position in shares of Everest Group by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 1,164,081 shares of the company's stock valued at $424,344,000 after acquiring an additional 8,321 shares during the period. Finally, Vulcan Value Partners LLC lifted its position in shares of Everest Group by 279.1% during the 4th quarter. Vulcan Value Partners LLC now owns 978,713 shares of the company's stock valued at $354,768,000 after acquiring an additional 720,572 shares during the period. Institutional investors and hedge funds own 92.64% of the company's stock.

Everest Group Stock Performance

EG stock opened at $355.38 on Tuesday. The company has a 50-day simple moving average of $352.44 and a 200 day simple moving average of $360.28. The company has a market capitalization of $16.98 billion, a P/E ratio of 11.31, a PEG ratio of 0.24 and a beta of 0.43. 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 fifty-two week low of $320.00 and a fifty-two week high of $407.30.

Everest Group (NYSE:EG - Get Free Report) last announced its 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%. Sell-side analysts predict that Everest Group, Ltd. will post 47.93 earnings per share for the current fiscal year.

Everest Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 17th were given a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date was Monday, March 17th. Everest Group's dividend payout ratio (DPR) is 25.47%.

Insider Transactions at Everest Group

In related news, Director Geraldine Losquadro sold 1,500 shares of the firm'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 transaction, the director now owns 12,279 shares of the company's stock, valued at approximately $4,428,175.77. This trade represents a 10.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on EG shares. Keefe, Bruyette & Woods cut their price objective on Everest Group from $434.00 to $402.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. BMO Capital Markets downgraded Everest Group from an "outperform" rating to a "market perform" rating and cut their price objective for the stock from $453.00 to $375.00 in a research report on Thursday, January 30th. Barclays cut their price objective on Everest Group from $470.00 to $394.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Jefferies Financial Group upgraded Everest Group from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $376.00 to $415.00 in a research report on Friday, April 11th. Finally, Morgan Stanley reissued an "equal weight" rating and set a $340.00 price target (down previously from $425.00) on shares of Everest Group in a research note on Wednesday, February 5th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $396.00.

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.

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