Crossmark Global Holdings Inc. Sells 2,889 Shares of Everest Group, Ltd. (NYSE:EG)

Crossmark Global Holdings Inc. trimmed its stake in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 60.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,856 shares of the company's stock after selling 2,889 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Everest Group were worth $674,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake 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 bought a new stake in shares of Everest Group during the 4th quarter valued at $488,588,000. Franklin Resources Inc. raised its stake 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 purchasing an additional 4,544 shares during the period. Geode Capital Management LLC raised its stake 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 purchasing an additional 8,321 shares during the period. Finally, Vulcan Value Partners LLC raised its stake 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 purchasing an additional 720,572 shares during the period. 92.64% of the stock is currently owned by institutional investors.

Everest Group Price Performance

Shares of Everest Group stock opened at $339.18 on Friday. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $14.43 billion, a PE ratio of 17.45, a price-to-earnings-growth ratio of 0.27 and a beta of 0.51. The business's 50-day moving average price is $341.09 and its 200-day moving average price is $348.75. 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 announced its quarterly earnings data on Wednesday, April 30th. The company reported $6.45 EPS for the quarter, missing the consensus estimate of $7.46 by ($1.01). The firm 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 4.88% and a return on equity of 5.95%. Everest Group's revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter last year, the company posted $16.32 earnings per share. Sell-side analysts forecast that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Everest Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Wednesday, May 28th were given a dividend of $2.00 per share. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a $8.00 annualized dividend and a yield of 2.36%. Everest Group's payout ratio is 41.15%.

Insider Transactions at Everest Group

In related news, CEO James Allan Williamson purchased 1,000 shares of Everest Group stock in a transaction that occurred on Wednesday, June 11th. The shares were acquired at an average cost of $337.97 per share, for a total transaction of $337,970.00. Following the transaction, the chief executive officer directly owned 25,618 shares in the company, valued at $8,658,115.46. The trade was a 4.06% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Keefe, Bruyette & Woods boosted their price objective on Everest Group from $402.00 to $405.00 and gave the company an "outperform" rating in a research note on Wednesday. Janney Montgomery Scott assumed coverage on Everest Group in a research note on Friday, June 20th. They issued a "buy" rating and a $425.00 target price on the stock. 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 research note on Thursday, May 1st. Wells Fargo & Company upped their target price on Everest Group from $361.00 to $362.00 and gave the stock an "equal weight" rating in a research note on Thursday. Finally, Morgan Stanley upped their target price on Everest Group from $330.00 to $350.00 and gave the stock an "equal weight" rating in a research note on Monday, May 19th. Six research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $400.83.

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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