OLD National Bancorp IN Has $729,000 Stock Position in Everest Group, Ltd. (NYSE:EG)

OLD National Bancorp IN lowered its stake in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 27.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,007 shares of the company's stock after selling 769 shares during the quarter. OLD National Bancorp IN's holdings in Everest Group were worth $729,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in EG. Sunbelt Securities Inc. bought a new stake in shares of Everest Group in the fourth quarter valued at approximately $29,000. SBI Securities Co. Ltd. bought a new stake in shares of Everest Group in the fourth quarter valued at approximately $31,000. Optiver Holding B.V. bought a new stake in shares of Everest Group in the fourth quarter valued at approximately $51,000. Wilmington Savings Fund Society FSB boosted its position 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 valued at $71,000 after acquiring an additional 32 shares during the period. Finally, Private Trust Co. NA boosted its position 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 valued at $71,000 after acquiring an additional 64 shares during the period. Institutional investors own 92.64% of the company's stock.

Everest Group Price Performance

Everest Group stock traded down $5.08 during mid-day trading on Friday, hitting $334.74. 430,435 shares of the company were exchanged, compared to its average volume of 393,986. 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 business has a fifty day moving average of $345.89 and a 200 day moving average of $353.06. Everest Group, Ltd. has a 1-year low of $320.00 and a 1-year high of $407.30. The company has a market capitalization of $14.24 billion, a PE ratio of 10.66, a price-to-earnings-growth ratio of 0.24 and a beta of 0.53.

Everest Group (NYSE:EG - Get Free Report) last released its quarterly earnings data 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). Everest Group had a return on equity of 9.04% and a net margin of 7.95%. The company had revenue of $4.26 billion for the quarter, compared to analyst estimates of $3.89 billion. During the same quarter in the prior year, the company earned $16.32 earnings per share. The business's revenue was up 3.1% compared to the same quarter last year. As a group, sell-side analysts expect that Everest Group, Ltd. will post 47.93 earnings per share for the current year.

Everest Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Wednesday, May 28th will be paid a dividend of $2.00 per share. The ex-dividend date is Wednesday, May 28th. This represents a $8.00 annualized dividend and a yield of 2.39%. Everest Group's dividend payout ratio is currently 41.15%.

Analyst Ratings Changes

EG has been the subject of several research reports. UBS Group reduced 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 target price on Everest Group from $400.00 to $396.00 and set an "in-line" rating for the company in a research note on Thursday, May 1st. Keefe, Bruyette & Woods cut their target price on Everest Group from $434.00 to $402.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. 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 note on Friday, April 11th. Finally, Morgan Stanley upped their target price on Everest Group from $330.00 to $350.00 and gave the company an "equal weight" rating in a research note on Monday, May 19th. Six research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $398.09.

Insiders Place Their Bets

In related news, Director Geraldine Losquadro sold 1,500 shares of Everest Group stock in a transaction dated 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 in the company, valued at $4,428,175.77. This trade represents a 10.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO James Allan Williamson acquired 1,000 shares of the stock in a transaction that occurred on Wednesday, June 11th. The stock was purchased at an average price of $337.97 per share, with a total value of $337,970.00. Following the completion of the transaction, the chief executive officer now owns 25,618 shares of the company's stock, valued at approximately $8,658,115.46. This trade represents a 4.06% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.10% of the company's stock.

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.