Lmcg Investments LLC Trims Position in Everest Group, Ltd. (NYSE:EG)

Lmcg Investments LLC reduced its holdings in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 5.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,337 shares of the company's stock after selling 1,918 shares during the period. Lmcg Investments LLC owned about 0.07% of Everest Group worth $11,749,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Sunbelt Securities Inc. purchased a new stake in Everest Group during the 4th quarter valued at about $29,000. SBI Securities Co. Ltd. purchased a new stake in shares of Everest Group during the fourth quarter valued at approximately $31,000. Optiver Holding B.V. bought a new position in shares of Everest Group in the fourth quarter worth approximately $51,000. Wilmington Savings Fund Society FSB grew its holdings in shares of Everest Group by 19.6% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 195 shares of the company's stock worth $71,000 after purchasing an additional 32 shares during the last quarter. Finally, Private Trust Co. NA increased its stake in shares of Everest Group by 48.5% in the fourth quarter. Private Trust Co. NA now owns 196 shares of the company's stock worth $71,000 after buying an additional 64 shares during the period. 92.64% of the stock is currently owned by institutional investors.

Everest Group Stock Up 0.7%

Shares of NYSE:EG traded up $2.40 during midday trading on Friday, reaching $346.22. The company's stock had a trading volume of 186,081 shares, compared to its average volume of 389,093. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.26. The firm has a 50 day moving average of $346.97 and a 200-day moving average of $354.90. The firm has a market capitalization of $14.73 billion, a P/E ratio of 11.02, a PEG ratio of 0.24 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.

Everest Group (NYSE:EG - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $6.45 earnings per share for the quarter, missing analysts' consensus estimates of $7.46 by ($1.01). Everest Group had a return on equity of 9.04% and a net margin of 7.95%. The business had revenue of $4.26 billion during the quarter, compared to analysts' expectations of $3.89 billion. During the same quarter last year, the company posted $16.32 EPS. Everest Group's revenue for the quarter was up 3.1% compared to the same quarter last year. On average, research analysts anticipate that Everest Group, Ltd. will post 47.93 earnings per share for the current year.

Everest Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Wednesday, May 28th will be given a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date is Wednesday, May 28th. Everest Group's dividend payout ratio (DPR) is presently 41.15%.

Insider Buying and Selling at Everest Group

In other Everest Group news, Director Geraldine Losquadro sold 1,500 shares of Everest Group stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $360.63, for a total value of $540,945.00. Following the completion of the sale, the director now owns 12,279 shares of the company's stock, valued at approximately $4,428,175.77. The trade was a 10.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on EG. Barclays cut their price target on shares of Everest Group from $470.00 to $394.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Morgan Stanley upped their price target on Everest Group from $330.00 to $350.00 and gave the company an "equal weight" rating in a research report on Monday, May 19th. Wells Fargo & Company cut their price objective on Everest Group from $362.00 to $361.00 and set an "equal weight" rating on the stock in a research report on Tuesday, May 6th. Evercore ISI reduced their target price on Everest Group from $400.00 to $396.00 and set an "in-line" rating on the stock in a research note on Thursday, May 1st. Finally, Jefferies Financial Group raised Everest Group from a "hold" rating to a "buy" rating and raised their price target for the stock from $376.00 to $415.00 in a research note on Friday, April 11th. Six research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $398.09.

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.