Focus Partners Wealth Sells 52,011 Shares of Everest Group, Ltd. (NYSE:EG)

Focus Partners Wealth decreased its position in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 81.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,548 shares of the company's stock after selling 52,011 shares during the quarter. Focus Partners Wealth's holdings in Everest Group were worth $4,187,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of EG. Dakota Wealth Management lifted its position in shares of Everest Group by 1.7% during the 4th quarter. Dakota Wealth Management now owns 1,945 shares of the company's stock worth $705,000 after buying an additional 32 shares during the last quarter. Wilmington Savings Fund Society FSB raised its stake in Everest Group by 19.6% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 195 shares of the company's stock worth $71,000 after acquiring an additional 32 shares in the last quarter. Steph & Co. lifted its holdings in shares of Everest Group by 10.6% in the fourth quarter. Steph & Co. now owns 366 shares of the company's stock worth $133,000 after acquiring an additional 35 shares during the last quarter. Lester Murray Antman dba SimplyRich lifted its holdings in shares of Everest Group by 2.7% in the fourth quarter. Lester Murray Antman dba SimplyRich now owns 1,328 shares of the company's stock worth $481,000 after acquiring an additional 35 shares during the last quarter. Finally, Foundations Investment Advisors LLC boosted its stake in shares of Everest Group by 5.9% in the 4th quarter. Foundations Investment Advisors LLC now owns 661 shares of the company's stock valued at $239,000 after purchasing an additional 37 shares in the last quarter. 92.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Barclays dropped their price objective on shares of Everest Group from $470.00 to $394.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Keefe, Bruyette & Woods dropped their price objective on shares of Everest Group from $434.00 to $402.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Evercore ISI cut their price target on shares of Everest Group from $400.00 to $396.00 and set an "in-line" rating on the stock in a report on Thursday, May 1st. UBS Group decreased their price objective on Everest Group from $375.00 to $372.00 and set a "neutral" rating for the company in a report on Wednesday, April 9th. Finally, Jefferies Financial Group raised Everest Group from a "hold" rating to a "buy" rating and lifted their target price for the stock from $376.00 to $415.00 in a report on Friday, April 11th. Six analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Everest Group presently has an average rating of "Moderate Buy" and a consensus target price of $398.09.

Insider Buying and Selling

In related news, Director Geraldine Losquadro sold 1,500 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $360.63, for a total transaction of $540,945.00. Following the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is owned by insiders.

Everest Group Trading Up 0.1%

EG traded up $0.40 during trading on Tuesday, reaching $347.97. 239,276 shares of the stock traded hands, compared to its average volume of 424,692. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.26. The stock's 50-day moving average is $351.37 and its 200 day moving average is $356.78. Everest Group, Ltd. has a 12 month low of $320.00 and a 12 month high of $407.30. The stock has a market capitalization of $14.80 billion, a PE ratio of 11.08, a P/E/G ratio of 0.24 and a beta of 0.58.

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

Everest Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Wednesday, May 28th will be given a dividend of $2.00 per share. The ex-dividend date is Wednesday, May 28th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.30%. Everest Group's payout ratio is presently 41.15%.

Everest Group 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.