Mn Services Vermogensbeheer B.V. Sells 2,200 Shares of Everest Group, Ltd. (NYSE:EG)

Mn Services Vermogensbeheer B.V. lessened its holdings in Everest Group, Ltd. (NYSE:EG - Free Report) by 12.2% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,800 shares of the company's stock after selling 2,200 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Everest Group were worth $5,741,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of EG. 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. Van Den Berg Management I Inc. grew its position in Everest Group by 0.3% during the 4th quarter. Van Den Berg Management I Inc. now owns 13,462 shares of the company's stock worth $4,879,000 after purchasing an additional 40 shares during the last quarter. Handelsbanken Fonder AB grew its position in Everest Group by 0.8% during the 1st quarter. Handelsbanken Fonder AB now owns 6,416 shares of the company's stock worth $2,331,000 after purchasing an additional 48 shares during the last quarter. PAX Financial Group LLC grew its position in Everest Group by 2.4% during the 4th quarter. PAX Financial Group LLC now owns 2,393 shares of the company's stock worth $867,000 after purchasing an additional 55 shares during the last quarter. Finally, United Capital Financial Advisors LLC boosted its holdings in shares of Everest Group by 7.1% in the 4th quarter. United Capital Financial Advisors LLC now owns 888 shares of the company's stock valued at $322,000 after acquiring an additional 59 shares during the last quarter. Institutional investors own 92.64% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on EG shares. Morgan Stanley boosted their target price on shares of Everest Group from $330.00 to $350.00 and gave the company an "equal weight" rating in a research note on Monday, May 19th. Janney Montgomery Scott initiated coverage on shares of Everest Group in a research report on Friday. They issued a "buy" rating and a $425.00 target price for the company. Jefferies Financial Group raised shares of Everest Group from a "hold" rating to a "buy" rating and upped their price objective for the company from $376.00 to $415.00 in a report on Friday, April 11th. Raymond James Financial reaffirmed a "strong-buy" rating and set a $410.00 target price (down previously from $420.00) on shares of Everest Group in a research note on Tuesday, May 6th. Finally, UBS Group reduced their target price 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. Six analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $400.33.

Insider Transactions at Everest Group

In related news, CEO James Allan Williamson bought 1,000 shares of the business's stock in a transaction that occurred on Wednesday, June 11th. The stock was acquired at an average price of $337.97 per share, for a total transaction of $337,970.00. Following the transaction, the chief executive officer now directly owns 25,618 shares of the company's stock, valued at $8,658,115.46. This represents a 4.06% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 1.10% of the company's stock.

Everest Group Stock Performance

NYSE EG traded up $3.89 during trading hours on Friday, hitting $336.79. The company had a trading volume of 1,196,868 shares, compared to its average volume of 399,879. Everest Group, Ltd. has a fifty-two week low of $320.00 and a fifty-two week high of $407.30. The firm has a market cap of $14.32 billion, a P/E ratio of 17.32, a price-to-earnings-growth ratio of 0.26 and a beta of 0.53. The business has a fifty day simple moving average of $345.01 and a 200-day simple moving average of $351.07. 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 announced its earnings results on Wednesday, April 30th. The company reported $6.45 earnings per share 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%. The company's quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the business earned $16.32 EPS. Equities analysts predict that Everest Group, Ltd. will post 47.93 EPS for the current 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 dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date of this dividend was Wednesday, May 28th. Everest Group's dividend payout ratio (DPR) 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.