Everest Group, Ltd. (NYSE:EG) Shares Sold by Bright Futures Wealth Management LLC.

Bright Futures Wealth Management LLC. trimmed its position in Everest Group, Ltd. (NYSE:EG - Free Report) by 63.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,628 shares of the company's stock after selling 2,850 shares during the period. Bright Futures Wealth Management LLC.'s holdings in Everest Group were worth $558,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. acquired a new stake in Everest Group in the fourth quarter worth approximately $29,000. SBI Securities Co. Ltd. acquired a new stake in Everest Group in the fourth quarter worth approximately $31,000. Optiver Holding B.V. acquired a new stake in shares of Everest Group during the 4th quarter valued at $51,000. Bruce G. Allen Investments LLC lifted its position in shares of Everest Group by 79.1% during the 1st quarter. Bruce G. Allen Investments LLC now owns 154 shares of the company's stock valued at $56,000 after acquiring an additional 68 shares during the last quarter. Finally, Private Trust Co. NA lifted its position in shares of Everest Group by 48.5% during the 4th quarter. Private Trust Co. NA now owns 196 shares of the company's stock valued at $71,000 after acquiring an additional 64 shares during the last quarter. 92.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Everest Group

In related news, CEO James Allan Williamson purchased 1,000 shares of the company's stock in a transaction dated Wednesday, June 11th. The shares were acquired at an average cost of $337.97 per share, with a total value of $337,970.00. Following the completion of the purchase, the chief executive officer now owns 25,618 shares of the company's stock, valued at $8,658,115.46. The trade was a 4.06% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.10% of the stock is currently owned by company insiders.

Everest Group Price Performance

EG opened at $336.79 on Friday. The stock has a fifty day moving average of $345.01 and a 200-day moving average of $351.07. The firm has a market capitalization of $14.32 billion, a P/E ratio of 17.32, a PEG ratio of 0.26 and a beta of 0.53. Everest Group, Ltd. has a 12-month low of $320.00 and a 12-month high of $407.30. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.25.

Everest Group (NYSE:EG - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $6.45 earnings per share (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 quarter in the previous year, the company earned $16.32 EPS. Equities analysts forecast that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Everest Group Dividend Announcement

The business 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. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date was Wednesday, May 28th. Everest Group's dividend payout ratio (DPR) is presently 41.15%.

Analysts Set New Price Targets

EG has been the subject of a number of recent research reports. Barclays cut their price objective on Everest Group from $470.00 to $394.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. UBS Group cut their price objective on Everest Group from $375.00 to $372.00 and set a "neutral" rating for the company in a research report on Wednesday, April 9th. Evercore ISI cut their price objective 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. Janney Montgomery Scott initiated coverage on Everest Group in a research report on Friday. They set a "buy" rating and a $425.00 price objective for the company. Finally, Raymond James Financial reiterated a "strong-buy" rating and set a $410.00 price objective (down previously from $420.00) on shares of Everest Group in a research report on Tuesday, May 6th. Six research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $400.33.

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.

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