Everest Group, Ltd. (NYSE:EG) Shares Sold by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV decreased its holdings in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 10.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,790 shares of the company's stock after selling 4,087 shares during the period. Mercer Global Advisors Inc. ADV owned about 0.08% of Everest Group worth $12,610,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Dakota Wealth Management increased its stake in Everest Group by 1.7% in 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 in the last quarter. Wilmington Savings Fund Society FSB raised its stake in Everest Group by 19.6% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 195 shares of the company's stock valued at $71,000 after purchasing an additional 32 shares during the period. 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 buying an additional 35 shares in the last quarter. Lester Murray Antman dba SimplyRich grew its stake in Everest Group by 2.7% during the fourth quarter. Lester Murray Antman dba SimplyRich now owns 1,328 shares of the company's stock valued at $481,000 after acquiring an additional 35 shares in the last quarter. Finally, Foundations Investment Advisors LLC increased its holdings in 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 acquiring an additional 37 shares during the last quarter. 92.64% of the stock is currently owned by hedge funds and other institutional investors.

Everest Group Trading Down 0.1 %

Shares of NYSE:EG traded down $0.46 during trading on Monday, reaching $347.93. 402,842 shares of the company were exchanged, compared to its average volume of 370,928. 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 business's fifty day simple moving average is $353.40 and its 200-day simple moving average is $358.95. The firm has a market capitalization of $16.63 billion, a PE ratio of 11.08, a P/E/G ratio of 0.24 and a beta of 0.58. Everest Group, Ltd. has a 12-month low of $320.00 and a 12-month high of $407.30.

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

Everest Group Dividend Announcement

The business 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. The ex-dividend date of this dividend was Monday, March 17th. This represents a $8.00 dividend on an annualized basis and a yield of 2.30%. Everest Group's dividend payout ratio is currently 41.15%.

Insider Buying and Selling at Everest Group

In other news, Director Geraldine Losquadro sold 1,500 shares of Everest Group stock in a transaction that occurred 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 transaction, the director now owns 12,279 shares of the company's stock, valued at $4,428,175.77. The trade was a 10.89 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.10% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on EG. Evercore ISI reduced 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. Jefferies Financial Group raised Everest Group from a "hold" rating to a "buy" rating and upped their price objective for the stock from $376.00 to $415.00 in a report on Friday, April 11th. BMO Capital Markets lowered shares of Everest Group from an "outperform" rating to a "market perform" rating and cut their target price for the company from $453.00 to $375.00 in a report on Thursday, January 30th. UBS Group decreased their price target on shares of Everest Group from $375.00 to $372.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 9th. Finally, Morgan Stanley reaffirmed an "equal weight" rating and issued a $340.00 price objective (down from $425.00) on shares of Everest Group in a research note on Wednesday, February 5th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus 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.