Everest Group, Ltd. (NYSE:EG) Shares Sold by Cerity Partners LLC

Cerity Partners LLC reduced its holdings in Everest Group, Ltd. (NYSE:EG - Free Report) by 5.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,153 shares of the company's stock after selling 1,647 shares during the quarter. Cerity Partners LLC owned about 0.05% of Everest Group worth $9,502,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Sunbelt Securities Inc. acquired a new stake in shares of Everest Group in the 4th quarter valued at approximately $29,000. Tsfg LLC acquired a new position in Everest Group during the first quarter worth $33,000. Optiver Holding B.V. acquired a new position in Everest Group during the fourth quarter worth $51,000. Bruce G. Allen Investments LLC raised its holdings in Everest Group by 79.1% during the first quarter. Bruce G. Allen Investments LLC now owns 154 shares of the company's stock worth $56,000 after purchasing an additional 68 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in Everest Group by 43.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 211 shares of the company's stock worth $76,000 after purchasing an additional 64 shares during the last quarter. 92.64% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EG has been the subject of several research reports. UBS Group reduced their price objective on Everest Group from $372.00 to $370.00 and set a "neutral" rating for the company in a report on Wednesday, July 9th. Morgan Stanley lifted their price objective on Everest Group from $330.00 to $350.00 and gave the stock an "equal weight" rating in a report on Monday, May 19th. Wells Fargo & Company set a $362.00 price objective on Everest Group and gave the stock an "equal weight" rating in a report on Thursday, July 10th. Jefferies Financial Group raised 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 report on Friday, April 11th. Finally, Barclays lifted their price objective on Everest Group from $394.00 to $398.00 and gave the stock an "overweight" rating in a report on Monday, July 7th. Six equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Everest Group presently has a consensus rating of "Moderate Buy" and an average target price of $400.83.

Insider Activity at Everest Group

In other Everest Group news, CEO James Allan Williamson acquired 1,000 shares of the stock in a transaction dated Wednesday, June 11th. The stock was acquired at an average price of $337.97 per share, with a total value of $337,970.00. Following the completion of the transaction, the chief executive officer directly owned 25,618 shares in the company, valued at approximately $8,658,115.46. This trade represents a 4.06% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 1.10% of the stock is currently owned by corporate insiders.

Everest Group Price Performance

Shares of NYSE EG traded down $0.38 during trading on Friday, reaching $333.63. The company had a trading volume of 84,434 shares, compared to its average volume of 403,639. Everest Group, Ltd. has a twelve month low of $320.00 and a twelve month high of $407.30. The stock has a market capitalization of $14.19 billion, a PE ratio of 17.16, a price-to-earnings-growth ratio of 0.26 and a beta of 0.51. The stock has a 50-day moving average price of $340.19 and a two-hundred day moving average price of $348.11. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.25.

Everest Group (NYSE:EG - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $6.45 EPS for the quarter, missing analysts' consensus estimates of $7.46 by ($1.01). The business had revenue of $4.26 billion during the quarter, compared to analysts' expectations of $3.89 billion. Everest Group had a net margin of 4.88% and a return on equity of 5.95%. Everest Group's revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the prior year, the firm earned $16.32 EPS. As a group, sell-side analysts predict that Everest Group, Ltd. will post 47.93 earnings per share for the current year.

Everest Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Wednesday, May 28th were given a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date was Wednesday, May 28th. Everest Group's dividend payout ratio is currently 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.