Everest Group, Ltd. (NYSE:EG) Shares Sold by Hancock Whitney Corp

Hancock Whitney Corp lowered its stake in shares of Everest Group, Ltd. (NYSE:EG - Free Report) by 85.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,137 shares of the company's stock after selling 36,397 shares during the quarter. Hancock Whitney Corp's holdings in Everest Group were worth $2,224,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Norges Bank purchased a new stake in Everest Group during the 4th quarter worth about $488,588,000. Sterling Capital Management LLC raised its position in shares of Everest Group by 11,756.0% during the 4th quarter. Sterling Capital Management LLC now owns 278,616 shares of the company's stock worth $100,987,000 after acquiring an additional 276,266 shares in the last quarter. Donald Smith & CO. Inc. acquired a new position in Everest Group in the fourth quarter valued at approximately $56,341,000. Raymond James Financial Inc. acquired a new position in Everest Group in the fourth quarter valued at approximately $48,290,000. Finally, Invesco Ltd. increased its stake in Everest Group by 17.2% in the fourth quarter. Invesco Ltd. now owns 855,120 shares of the company's stock valued at $309,947,000 after purchasing an additional 125,271 shares during the last quarter. 92.64% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. UBS Group dropped their target price on shares of Everest Group from $375.00 to $372.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 9th. Wells Fargo & Company decreased their price objective on Everest Group from $370.00 to $362.00 and set an "equal weight" rating for the company in a report on Thursday, April 10th. Keefe, Bruyette & Woods dropped their price objective on shares of Everest Group from $434.00 to $402.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Barclays cut their price target 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 reiterated an "equal weight" rating and set a $340.00 price target (down from $425.00) on shares of Everest Group in a research note on Wednesday, February 5th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $396.00.

Insider Buying and Selling

In other news, Director Geraldine Losquadro sold 1,500 shares of the company's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $360.63, for a total transaction 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 represents a 10.89 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.10% of the company's stock.

Everest Group Price Performance

Shares of EG traded down $4.45 during trading hours on Wednesday, reaching $354.84. The company had a trading volume of 89,470 shares, compared to its average volume of 370,066. The company has a current ratio of 0.40, a quick 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. The firm has a 50 day simple moving average of $352.86 and a 200-day simple moving average of $360.28. The company has a market capitalization of $16.96 billion, a price-to-earnings ratio of 11.30, a PEG ratio of 0.24 and a beta of 0.43.

Everest Group (NYSE:EG - Get Free Report) last posted its quarterly earnings results on Monday, February 3rd. The company reported ($18.39) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $11.64 by ($30.03). Everest Group had a net margin of 7.95% and a return on equity of 9.04%. Research analysts expect that Everest Group, Ltd. will post 47.93 earnings per share for the current year.

Everest Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 17th were paid a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a dividend yield of 2.25%. The ex-dividend date of this dividend was Monday, March 17th. Everest Group's dividend payout ratio (DPR) is presently 25.47%.

Everest Group 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.