Howard Bailey Securities LLC Sells 134 Shares of Everest Group, Ltd. (NYSE:EG)

Howard Bailey Securities LLC trimmed its position in Everest Group, Ltd. (NYSE:EG) by 17.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 643 shares of the company’s stock after selling 134 shares during the period. Howard Bailey Securities LLC’s holdings in Everest Group were worth $234,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Exchange Traded Concepts LLC boosted its position in shares of Everest Group by 3.9% in the 1st quarter. Exchange Traded Concepts LLC now owns 2,910 shares of the company’s stock worth $1,057,000 after purchasing an additional 109 shares in the last quarter. Ipswich Investment Management Co. Inc. raised its position in Everest Group by 11.9% during the 1st quarter. Ipswich Investment Management Co. Inc. now owns 2,350 shares of the company’s stock worth $854,000 after buying an additional 250 shares during the last quarter. Fifth Third Bancorp lifted its stake in Everest Group by 18.1% during the 1st quarter. Fifth Third Bancorp now owns 1,151 shares of the company’s stock valued at $418,000 after acquiring an additional 176 shares during the period. CX Institutional purchased a new stake in shares of Everest Group in the 1st quarter valued at $175,000. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Everest Group by 6.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,220 shares of the company’s stock valued at $443,000 after acquiring an additional 70 shares during the last quarter. 92.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on EG. Morgan Stanley increased their price target 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. Wells Fargo & Company dropped their target price on Everest Group from $362.00 to $361.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 6th. Barclays decreased their price target on Everest Group from $470.00 to $394.00 and set an “overweight” rating for the company in a report on Friday, April 11th. Jefferies Financial Group upgraded shares of Everest Group from a “hold” rating to a “buy” rating and raised their price target for the company from $376.00 to $415.00 in a research report on Friday, April 11th. Finally, UBS Group decreased their price objective on shares of Everest Group from $375.00 to $372.00 and set a “neutral” rating for the company in a research report on Wednesday, April 9th. Six research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently 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, CEO James Allan Williamson acquired 1,000 shares of the company’s stock in a transaction on Wednesday, June 11th. The shares were bought at an average cost of $337.97 per share, with a total value of $337,970.00. Following the transaction, the chief executive officer now owns 25,618 shares in the company, valued at approximately $8,658,115.46. This trade represents a 4.06% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Geraldine Losquadro sold 1,500 shares of the business’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 transaction, 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 disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.

Everest Group Trading Down 1.5%

NYSE EG opened at $334.74 on Monday. 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 firm has a market cap of $14.24 billion, a price-to-earnings ratio of 10.66, a PEG ratio of 0.24 and a beta of 0.53. The firm has a 50 day simple moving average of $345.89 and a 200-day simple moving average of $352.56. Everest Group, Ltd. has a one year low of $320.00 and a one year high of $407.30.

Everest Group (NYSE:EG) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $6.45 EPS for the quarter, missing the consensus estimate of $7.46 by ($1.01). Everest Group had a net margin of 7.95% and a return on equity of 9.04%. The business had revenue of $4.26 billion during the quarter, compared to analysts’ expectations of $3.89 billion. During the same period in the prior year, the business earned $16.32 EPS. The business’s quarterly revenue was up 3.1% on a year-over-year basis. Equities research analysts anticipate that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Everest Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Wednesday, May 28th were issued a dividend of $2.00 per share. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a $8.00 annualized dividend and a yield of 2.39%. Everest Group’s dividend payout ratio (DPR) is 41.15%.

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.