Everest Group, Ltd. (NYSE:EG) Shares Sold by Howard Bailey Securities LLC

Howard Bailey Securities LLC lowered its position in shares of Everest Group, Ltd. (NYSE:EG) by 17.2% during the first quarter, Holdings Channel reports. The firm owned 643 shares of the company’s stock after selling 134 shares during the quarter. Howard Bailey Securities LLC’s holdings in Everest Group were worth $234,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in EG. Sunbelt Securities Inc. purchased a new stake in Everest Group in the 4th quarter valued at approximately $29,000. SBI Securities Co. Ltd. acquired a new position in shares of Everest Group during the 4th quarter worth approximately $31,000. Optiver Holding B.V. acquired a new stake in shares of Everest Group during the fourth quarter valued at $51,000. Bruce G. Allen Investments LLC lifted its stake in shares of Everest Group by 79.1% during the first quarter. Bruce G. Allen Investments LLC now owns 154 shares of the company’s stock valued at $56,000 after buying an additional 68 shares during the period. Finally, Private Trust Co. NA boosted its holdings in shares of Everest Group by 48.5% during the fourth quarter. Private Trust Co. NA now owns 196 shares of the company’s stock worth $71,000 after purchasing an additional 64 shares during the last quarter. 92.64% of the stock is owned by hedge funds and other institutional investors.

Everest Group Stock Performance

Everest Group stock opened at $334.74 on Monday. The firm has a market capitalization of $14.24 billion, a PE ratio of 10.66, a price-to-earnings-growth ratio of 0.24 and a beta of 0.53. Everest Group, Ltd. has a one year low of $320.00 and a one year high of $407.30. The stock’s 50 day moving average price is $345.89 and its 200 day moving average price is $352.56. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.40 and a current ratio of 0.40.

Everest Group (NYSE:EG) last posted its earnings results on Wednesday, April 30th. The company reported $6.45 EPS for the quarter, missing analysts’ consensus estimates of $7.46 by ($1.01). The firm had revenue of $4.26 billion for the quarter, compared to analyst estimates of $3.89 billion. Everest Group had a return on equity of 9.04% and a net margin of 7.95%. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the previous year, the firm posted $16.32 earnings per share. As a group, sell-side analysts expect 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, June 13th. Stockholders of record on Wednesday, May 28th were paid 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 dividend yield of 2.39%. Everest Group’s dividend payout ratio is presently 41.15%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on EG. Wells Fargo & Company cut their price target on shares of Everest Group from $362.00 to $361.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 6th. Evercore ISI cut their target price on Everest Group from $400.00 to $396.00 and set an “in-line” rating on the stock in a research report on Thursday, May 1st. Keefe, Bruyette & Woods lowered their price target on Everest Group from $434.00 to $402.00 and set an “outperform” rating for the company in a research report on Wednesday, April 9th. Morgan Stanley upped their price target on Everest Group from $330.00 to $350.00 and gave the stock an “equal weight” rating in a research note on Monday, May 19th. Finally, UBS Group reduced their price objective on Everest Group from $375.00 to $372.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 9th. Six investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $398.09.

Insider Activity

In other news, CEO James Allan Williamson acquired 1,000 shares of the business’s stock in a transaction on Wednesday, June 11th. The shares were purchased at an average price of $337.97 per share, for a total transaction of $337,970.00. Following the completion of the purchase, the chief executive officer now directly owns 25,618 shares of the company’s stock, valued at $8,658,115.46. This represents a 4.06% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 completion of 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. Insiders own 1.10% of the company’s stock.

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.