Crossmark Global Holdings Inc. Lowers Position in Everest Group, Ltd. (NYSE:EG)

Crossmark Global Holdings Inc. cut its stake in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 60.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (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 filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Flagship Harbor Advisors LLC grew its stake in shares of Everest Group by 3.7% in the first quarter. Flagship Harbor Advisors LLC now owns 843 shares of the company's stock worth $306,000 after purchasing an additional 30 shares during the last quarter. Legacy Advisors LLC grew its position in shares of Everest Group by 5.5% in the 1st quarter. Legacy Advisors LLC now owns 599 shares of the company's stock worth $218,000 after buying an additional 31 shares during the last quarter. Nissay Asset Management Corp Japan ADV increased its stake in shares of Everest Group by 0.7% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 5,315 shares of the company's stock valued at $1,913,000 after buying an additional 36 shares during the period. Vontobel Holding Ltd. raised its holdings in shares of Everest Group by 2.1% during the first quarter. Vontobel Holding Ltd. now owns 1,781 shares of the company's stock valued at $647,000 after acquiring an additional 36 shares in the last quarter. Finally, Van Den Berg Management I Inc. lifted its stake in Everest Group by 0.3% in the fourth quarter. Van Den Berg Management I Inc. now owns 13,462 shares of the company's stock worth $4,879,000 after acquiring an additional 40 shares during the period. 92.64% of the stock is owned by hedge funds and other institutional investors.

Everest Group Stock Performance

NYSE EG traded up $1.51 during trading hours on Wednesday, hitting $331.78. The company's stock had a trading volume of 298,799 shares, compared to its average volume of 420,146. Everest Group, Ltd. has a 12 month low of $320.00 and a 12 month high of $407.30. The company's 50 day simple moving average is $340.66 and its two-hundred day simple moving average is $348.40. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.35 and a quick ratio of 0.35. The company has a market cap of $14.11 billion, a P/E ratio of 17.07, a price-to-earnings-growth ratio of 0.27 and a beta of 0.51.

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

Everest Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Wednesday, May 28th were paid a $2.00 dividend. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.41%. Everest Group's dividend payout ratio (DPR) is currently 41.15%.

Insiders Place Their Bets

In other news, CEO James Allan Williamson purchased 1,000 shares of the business's stock in a transaction on Wednesday, June 11th. The stock was acquired at an average cost of $337.97 per share, for a total transaction of $337,970.00. Following the purchase, the chief executive officer directly owned 25,618 shares in the company, valued at $8,658,115.46. This trade represents a 4.06% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

EG has been the subject of several research reports. UBS Group decreased their price objective on shares of Everest Group from $372.00 to $370.00 and set a "neutral" rating for the company in a report on Wednesday, July 9th. Wells Fargo & Company set a $362.00 price objective on shares of 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 company from $376.00 to $415.00 in a research report on Friday, April 11th. Evercore ISI decreased their target price on Everest Group from $400.00 to $396.00 and set an "in-line" rating for the company in a research report on Thursday, May 1st. Finally, Keefe, Bruyette & Woods lifted their price target on Everest Group from $402.00 to $405.00 and gave the company an "outperform" rating in a research report on Wednesday, July 9th. Six investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Everest Group currently has an average rating of "Moderate Buy" and a consensus target price of $400.83.

Everest Group Company 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.