Everest Group, Ltd. (NYSE:EG) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lowered its stake in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 17.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,147 shares of the company's stock after selling 2,924 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in Everest Group were worth $5,140,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. D.A. Davidson & CO. boosted its holdings in shares of Everest Group by 146.1% during the fourth quarter. D.A. Davidson & CO. now owns 2,018 shares of the company's stock valued at $732,000 after acquiring an additional 1,198 shares during the period. Atria Wealth Solutions Inc. acquired a new position in Everest Group during the 4th quarter valued at about $325,000. Ieq Capital LLC boosted its stake in Everest Group by 89.7% during the 4th quarter. Ieq Capital LLC now owns 1,614 shares of the company's stock valued at $585,000 after purchasing an additional 763 shares during the period. Handelsbanken Fonder AB boosted its stake in Everest Group by 166.9% during the 4th quarter. Handelsbanken Fonder AB now owns 6,368 shares of the company's stock valued at $2,308,000 after purchasing an additional 3,982 shares during the period. Finally, Blackhawk Capital Partners LLC. boosted its stake in Everest Group by 29.3% during the 4th quarter. Blackhawk Capital Partners LLC. now owns 706 shares of the company's stock valued at $256,000 after purchasing an additional 160 shares during the period. Institutional investors and hedge funds own 92.64% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on EG shares. Barclays reduced 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. Evercore ISI reduced their price target 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. UBS Group reduced their price target 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. Morgan Stanley upped their price objective on shares of Everest Group from $330.00 to $350.00 and gave the stock an "equal weight" rating in a report on Monday, May 19th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of Everest Group from $434.00 to $402.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Six 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $400.33.

Insiders Place Their Bets

In other news, CEO James Allan Williamson bought 1,000 shares of the business's stock in a transaction on Wednesday, June 11th. The shares were bought at an average cost of $337.97 per share, with a total value of $337,970.00. Following the purchase, the chief executive officer now directly owns 25,618 shares in the company, valued at $8,658,115.46. This trade represents a 4.06% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.10% of the company's stock.

Everest Group Stock Down 0.2%

NYSE EG opened at $340.99 on Wednesday. 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's 50 day simple moving average is $344.62 and its 200 day simple moving average is $350.64. Everest Group, Ltd. has a 12 month low of $320.00 and a 12 month high of $407.30. The company has a market capitalization of $14.50 billion, a P/E ratio of 17.54, a PEG ratio of 0.27 and a beta of 0.53.

Everest Group (NYSE:EG - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $6.45 earnings per share (EPS) for the quarter, missing the consensus estimate 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 net margin of 4.88% and a return on equity of 5.95%. Everest Group's quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the company posted $16.32 EPS. Equities research analysts expect that Everest Group, Ltd. will post 47.93 earnings per share for the current fiscal year.

Everest Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Wednesday, May 28th were issued 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 2.35%. Everest Group's payout ratio is presently 41.15%.

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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