Axa S.A. Sells 5,567 Shares of Everest Group, Ltd. (NYSE:EG)

Axa S.A. reduced its position in shares of Everest Group, Ltd. (NYSE:EG) by 79.9% in the fourth quarter, HoldingsChannel reports. The firm owned 1,404 shares of the company’s stock after selling 5,567 shares during the quarter. Axa S.A.’s holdings in Everest Group were worth $509,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new stake in Everest Group during the fourth quarter valued at about $31,000. Optiver Holding B.V. bought a new position in shares of Everest Group during the 4th quarter valued at approximately $51,000. Wilmington Savings Fund Society FSB purchased a new stake in Everest Group in the 3rd quarter worth approximately $64,000. Private Trust Co. NA increased its holdings in Everest Group by 48.5% in the 4th quarter. Private Trust Co. NA now owns 196 shares of the company’s stock worth $71,000 after acquiring an additional 64 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in Everest Group by 43.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 211 shares of the company’s stock valued at $76,000 after purchasing an additional 64 shares in the last quarter. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Insider Buying and Selling at Everest Group

In other Everest Group 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 sale, the director now owns 12,279 shares of the company’s stock, valued at approximately $4,428,175.77. This trade represents a 10.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.10% of the company’s stock.

Everest Group Price Performance

Shares of EG stock opened at $347.74 on Friday. The company has a market capitalization of $14.79 billion, a P/E ratio of 11.07, a P/E/G ratio of 0.24 and a beta of 0.58. The company’s 50-day simple moving average is $352.77 and its two-hundred day simple moving average is $358.21. Everest Group, Ltd. has a one year low of $320.00 and a one year high of $407.30. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.40 and a quick ratio of 0.40.

Everest Group (NYSE:EG) last announced 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 firm had revenue of $4.26 billion during the quarter, compared to the consensus estimate of $3.89 billion. During the same period last year, the company earned $16.32 EPS. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. As a group, equities analysts anticipate that Everest Group, Ltd. will post 47.93 EPS for the current year.

Everest Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 17th were issued a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend was Monday, March 17th. Everest Group’s payout ratio is 41.15%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on EG. Wells Fargo & Company reduced their price objective on shares of Everest Group from $362.00 to $361.00 and set an “equal weight” rating for the company in a research note on Tuesday. Morgan Stanley reissued an “equal weight” rating and set a $340.00 price target (down from $425.00) on shares of Everest Group in a report on Wednesday, February 5th. BMO Capital Markets lowered shares of Everest Group from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $453.00 to $375.00 in a report on Thursday, January 30th. Barclays reduced their target price on Everest Group from $470.00 to $394.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Everest Group from $434.00 to $402.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. Six investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $397.18.

About Everest Group

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.