Everest Group, Ltd. $EG Shares Sold by Lifeworks Advisors LLC

Lifeworks Advisors LLC decreased its position in shares of Everest Group, Ltd. (NYSE:EG) by 42.3% during the 2nd quarter, HoldingsChannel reports. The fund owned 2,377 shares of the company’s stock after selling 1,744 shares during the quarter. Lifeworks Advisors LLC’s holdings in Everest Group were worth $808,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Everest Group by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 5,577,376 shares of the company’s stock valued at $2,026,428,000 after acquiring an additional 17,346 shares during the last quarter. Vulcan Value Partners LLC boosted its position in shares of Everest Group by 35.8% during the 1st quarter. Vulcan Value Partners LLC now owns 1,328,732 shares of the company’s stock valued at $482,832,000 after acquiring an additional 350,019 shares during the last quarter. Boston Partners boosted its position in shares of Everest Group by 3.3% during the 1st quarter. Boston Partners now owns 696,765 shares of the company’s stock valued at $253,150,000 after acquiring an additional 22,432 shares during the last quarter. Altrinsic Global Advisors LLC boosted its position in shares of Everest Group by 10.7% during the 1st quarter. Altrinsic Global Advisors LLC now owns 682,979 shares of the company’s stock valued at $248,147,000 after acquiring an additional 66,041 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in Everest Group by 11.4% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 552,972 shares of the company’s stock valued at $200,911,000 after buying an additional 56,410 shares during the period. Institutional investors and hedge funds own 92.64% of the company’s stock.

Everest Group Stock Up 1.9%

Shares of NYSE:EG opened at $315.10 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.38 and a quick ratio of 0.38. The firm has a market capitalization of $13.22 billion, a PE ratio of 24.00, a price-to-earnings-growth ratio of 0.25 and a beta of 0.48. The firm’s 50-day moving average is $343.06 and its two-hundred day moving average is $341.24. Everest Group, Ltd. has a 1 year low of $302.44 and a 1 year high of $392.78.

Everest Group (NYSE:EG) last issued its quarterly earnings results on Monday, October 27th. The company reported $7.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $13.39 by ($5.85). The business had revenue of $4.32 billion for the quarter, compared to analysts’ expectations of $3.86 billion. Everest Group had a return on equity of 3.81% and a net margin of 3.12%.The firm’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter last year, the company earned $11.80 earnings per share. Analysts predict that Everest Group, Ltd. will post 47.93 EPS for the current year.

Everest Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Wednesday, September 3rd were paid a dividend of $2.00 per share. The ex-dividend date was Wednesday, September 3rd. This represents a $8.00 dividend on an annualized basis and a yield of 2.5%. Everest Group’s dividend payout ratio is 60.93%.

Insider Transactions at Everest Group

In other Everest Group news, Director Allan Levine purchased 3,100 shares of the business’s stock in a transaction on Wednesday, October 29th. The shares were bought at an average cost of $306.08 per share, for a total transaction of $948,848.00. Following the completion of the purchase, the director directly owned 4,153 shares of the company’s stock, valued at approximately $1,271,150.24. This trade represents a 294.40% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William F. Galtney, Jr. bought 11,385 shares of the business’s stock in a transaction that occurred on Wednesday, October 29th. The shares were purchased at an average price of $307.38 per share, for a total transaction of $3,499,521.30. Following the completion of the purchase, the director directly owned 45,491 shares of the company’s stock, valued at approximately $13,983,023.58. This trade represents a 33.38% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 1.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

EG has been the topic of several research analyst reports. Cantor Fitzgerald upgraded shares of Everest Group to a “hold” rating in a report on Wednesday, August 13th. Evercore ISI boosted their price objective on shares of Everest Group from $380.00 to $384.00 and gave the company an “in-line” rating in a report on Wednesday, October 1st. Weiss Ratings restated a “hold (c)” rating on shares of Everest Group in a report on Wednesday, October 8th. Barclays set a $365.00 price objective on shares of Everest Group in a report on Friday. Finally, Wells Fargo & Company reduced their price objective on shares of Everest Group from $383.00 to $343.00 and set an “equal weight” rating on the stock in a report on Wednesday. Five research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $374.14.

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.