Renaissance Group LLC Sells 424 Shares of Everest Group, Ltd. (NYSE:EG)

Renaissance Group LLC trimmed its position in shares of Everest Group, Ltd. (NYSE:EG) by 16.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,110 shares of the company’s stock after selling 424 shares during the quarter. Renaissance Group LLC’s holdings in Everest Group were worth $765,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of EG. Dakota Wealth Management increased its position in Everest Group by 1.7% during the fourth quarter. Dakota Wealth Management now owns 1,945 shares of the company’s stock valued at $705,000 after acquiring an additional 32 shares during the last quarter. Wilmington Savings Fund Society FSB increased its position in shares of Everest Group by 19.6% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 195 shares of the company’s stock valued at $71,000 after purchasing an additional 32 shares during the last quarter. Steph & Co. lifted its stake in shares of Everest Group by 10.6% in the 4th quarter. Steph & Co. now owns 366 shares of the company’s stock worth $133,000 after purchasing an additional 35 shares during the period. Lester Murray Antman dba SimplyRich boosted its holdings in shares of Everest Group by 2.7% in the fourth quarter. Lester Murray Antman dba SimplyRich now owns 1,328 shares of the company’s stock worth $481,000 after buying an additional 35 shares during the last quarter. Finally, Foundations Investment Advisors LLC grew its position in Everest Group by 5.9% during the fourth quarter. Foundations Investment Advisors LLC now owns 661 shares of the company’s stock valued at $239,000 after buying an additional 37 shares during the period. 92.64% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Everest Group news, Director Geraldine Losquadro sold 1,500 shares of Everest Group 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 sale, the director now owns 12,279 shares of the company’s stock, valued at $4,428,175.77. The trade was a 10.89 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 1.20% of the company’s stock.

Everest Group Stock Performance

NYSE:EG opened at $330.89 on Wednesday. The stock has a 50-day moving average price of $348.81 and a 200 day moving average price of $364.37. The stock has a market capitalization of $15.81 billion, a P/E ratio of 10.53, a P/E/G ratio of 0.24 and a beta of 0.43. Everest Group, Ltd. has a 12-month low of $320.00 and a 12-month high of $407.30. 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 (NYSE:EG) last announced its quarterly earnings data 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%. Equities research analysts forecast that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Everest Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 17th were issued a $2.00 dividend. The ex-dividend date was Monday, March 17th. This represents a $8.00 dividend on an annualized basis and a yield of 2.42%. Everest Group’s dividend payout ratio is currently 25.47%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. BMO Capital Markets downgraded shares of Everest Group from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $453.00 to $375.00 in a research report on Thursday, January 30th. Barclays lifted their target price on Everest Group from $461.00 to $470.00 and gave the company an “overweight” rating in a research report on Tuesday, February 4th. Keefe, Bruyette & Woods upped their price target on Everest Group from $420.00 to $434.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. Morgan Stanley reaffirmed an “equal weight” rating and set a $340.00 price objective (down from $425.00) on shares of Everest Group in a research report on Wednesday, February 5th. Finally, Wells Fargo & Company reduced their target price on shares of Everest Group from $390.00 to $380.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $416.50.

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.