Lmcg Investments LLC Sells 1,918 Shares of 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 the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,337 shares of the company's stock after selling 1,918 shares during the quarter. Lmcg Investments LLC owned 0.07% of Everest Group worth $11,749,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of EG. Sunbelt Securities Inc. bought a new position in Everest Group in the fourth quarter valued at about $29,000. SBI Securities Co. Ltd. bought a new position in Everest Group in the fourth quarter valued at about $31,000. Optiver Holding B.V. bought a new position in Everest Group in the fourth quarter valued at about $51,000. Wilmington Savings Fund Society FSB lifted its holdings in Everest Group by 19.6% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 195 shares of the company's stock valued at $71,000 after acquiring an additional 32 shares during the period. Finally, Private Trust Co. NA lifted its holdings in Everest Group by 48.5% in the fourth 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 period. 92.64% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

EG has been the subject of a number of analyst reports. Keefe, Bruyette & Woods reduced their price target on Everest Group from $434.00 to $402.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. 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. Morgan Stanley increased their target price on Everest Group from $330.00 to $350.00 and gave the stock an "equal weight" rating in a research report on Monday, May 19th. Jefferies Financial Group upgraded Everest Group from a "hold" rating to a "buy" rating and increased their target price for the stock from $376.00 to $415.00 in a research report on Friday, April 11th. Finally, Barclays cut their target price 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. Six investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $398.09.

Insider Buying and Selling at Everest Group

In other news, Director Geraldine Losquadro sold 1,500 shares of the firm's stock in a transaction that occurred on Tuesday, March 18th. The stock was 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 directly owns 12,279 shares of the company's stock, valued at $4,428,175.77. This trade represents a 10.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is currently owned by company insiders.

Everest Group Price Performance

NYSE EG traded up $2.40 during trading on Friday, hitting $346.22. 186,081 shares of the stock traded hands, compared to its average volume of 391,211. The company has a market capitalization of $14.73 billion, a P/E ratio of 11.02, a price-to-earnings-growth ratio of 0.24 and a beta of 0.53. The firm has a 50-day simple moving average of $346.59 and a 200-day simple moving average of $354.36. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.26. 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 released its quarterly 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 analysts' expectations of $3.89 billion. Everest Group had a net margin of 7.95% and a return on equity of 9.04%. The business's quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $16.32 EPS. As a group, 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 will be paid on Friday, June 13th. Shareholders of record on Wednesday, May 28th will be issued a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend is Wednesday, May 28th. Everest Group's dividend 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.