LSV Asset Management Sells 6,680 Shares of Everest Group, Ltd. (NYSE:EG)

LSV Asset Management cut its stake in shares of Everest Group, Ltd. (NYSE:EG) by 1.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 432,517 shares of the company’s stock after selling 6,680 shares during the quarter. LSV Asset Management’s holdings in Everest Group were worth $156,770,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new stake in Everest Group during the 4th quarter worth approximately $488,588,000. Donald Smith & CO. Inc. bought a new position in Everest Group during the fourth quarter valued at about $56,341,000. Raymond James Financial Inc. purchased a new stake in shares of Everest Group in the fourth quarter worth about $48,290,000. Invesco Ltd. lifted its position in Everest Group by 17.2% during 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. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Everest Group by 352.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 153,938 shares of the company’s stock worth $55,796,000 after acquiring an additional 119,944 shares during the last quarter. 92.64% of the stock is owned by institutional investors.

Insider Buying and Selling at Everest Group

In related news, Director Geraldine Losquadro sold 1,500 shares of the 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 approximately $4,428,175.77. This trade represents a 10.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

EG has been the topic of a number of research analyst reports. Barclays boosted their price objective on shares of Everest Group from $461.00 to $470.00 and gave the company an “overweight” rating in a research report on Tuesday, February 4th. Morgan Stanley restated an “equal weight” rating and issued a $340.00 price target (down from $425.00) on shares of Everest Group in a research report on Wednesday, February 5th. UBS Group cut their price target on Everest Group from $375.00 to $372.00 and set a “neutral” rating on the stock in a research note on Wednesday. Keefe, Bruyette & Woods decreased their target price on Everest Group from $434.00 to $402.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, BMO Capital Markets cut Everest Group from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $453.00 to $375.00 in a research report on Thursday, January 30th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $408.00.

Everest Group Stock Performance

Everest Group stock opened at $348.31 on Thursday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.40 and a current ratio of 0.40. The stock has a fifty day moving average of $348.75 and a two-hundred day moving average of $363.99. The company has a market capitalization of $16.64 billion, a price-to-earnings ratio of 11.09, a PEG ratio of 0.24 and a beta of 0.43. Everest Group, Ltd. has a fifty-two week low of $320.00 and a fifty-two week high of $407.30.

Everest Group (NYSE:EG) last issued its earnings results on Monday, February 3rd. The company reported ($18.39) earnings per share 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%. On average, analysts anticipate that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Everest Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 17th were given a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 2.30%. The ex-dividend date was Monday, March 17th. Everest Group’s dividend payout ratio is currently 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.