Diversified Trust Co Sells 2,155 Shares of Everest Group, Ltd. (NYSE:EG)

Diversified Trust Co decreased its stake in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 40.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,168 shares of the company's stock after selling 2,155 shares during the quarter. Diversified Trust Co's holdings in Everest Group were worth $1,151,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in Everest Group by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 5,560,030 shares of the company's stock worth $2,015,288,000 after buying an additional 43,793 shares during the period. Norges Bank bought a new stake in shares of Everest Group during the fourth quarter valued at approximately $488,588,000. Franklin Resources Inc. raised its position in shares of Everest Group by 0.4% during the fourth quarter. Franklin Resources Inc. now owns 1,281,611 shares of the company's stock worth $464,533,000 after purchasing an additional 4,544 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Everest Group by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 1,164,081 shares of the company's stock worth $424,344,000 after purchasing an additional 8,321 shares in the last quarter. Finally, Vulcan Value Partners LLC grew its position in Everest Group by 279.1% in 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. Institutional investors own 92.64% of the company's stock.

Everest Group Stock Performance

Shares of NYSE:EG traded down $6.87 during midday trading on Wednesday, reaching $334.00. The company had a trading volume of 307,226 shares, compared to its average volume of 403,245. The stock has a market cap of $14.20 billion, a P/E ratio of 17.17, a P/E/G ratio of 0.27 and a beta of 0.51. The company's 50 day moving average price is $343.51 and its 200 day moving average price is $349.77. 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, Ltd. has a 52-week low of $320.00 and a 52-week 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). Everest Group had a return on equity of 5.95% and a net margin of 4.88%. The company had revenue of $4.26 billion during the quarter, compared to the consensus estimate of $3.89 billion. During the same period in the prior year, the firm posted $16.32 EPS. The business's revenue was up 3.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Everest Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Wednesday, May 28th were paid a $2.00 dividend. The ex-dividend date was Wednesday, May 28th. This represents a $8.00 annualized dividend and a yield of 2.40%. Everest Group's payout ratio is 41.15%.

Wall Street Analysts Forecast Growth

EG has been the topic of several research reports. UBS Group lowered their price objective on shares of Everest Group from $375.00 to $372.00 and set a "neutral" rating on the stock in a report on Wednesday, April 9th. Janney Montgomery Scott initiated coverage on shares of Everest Group in a report on Friday, June 20th. They issued a "buy" rating and a $425.00 target price on the stock. Keefe, Bruyette & Woods dropped their price target on shares of Everest Group from $434.00 to $402.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Wells Fargo & Company lowered their price objective on Everest Group from $362.00 to $361.00 and set an "equal weight" rating for the company in a research note on Tuesday, May 6th. Finally, Morgan Stanley raised their target price on Everest Group from $330.00 to $350.00 and gave the company an "equal weight" rating in a report on Monday, May 19th. Six 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. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $400.33.

Insiders Place Their Bets

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

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.