OVERSEA CHINESE BANKING Corp Ltd Has $271,000 Position in Everest Group, Ltd. (NYSE:EG)

OVERSEA CHINESE BANKING Corp Ltd lowered its stake in Everest Group, Ltd. (NYSE:EG) by 64.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 749 shares of the company’s stock after selling 1,338 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Everest Group were worth $271,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of EG. World Investment Advisors LLC acquired a new stake in Everest Group during the 3rd quarter worth $120,564,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Everest Group by 442.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 308,155 shares of the company’s stock worth $120,744,000 after acquiring an additional 251,337 shares during the period. Raymond James Financial Inc. acquired a new stake in Everest Group during the 4th quarter worth $48,290,000. Truist Financial Corp grew its holdings in Everest Group by 7,580.7% during the 4th quarter. Truist Financial Corp now owns 92,936 shares of the company’s stock worth $33,686,000 after acquiring an additional 91,726 shares during the period. Finally, FMR LLC grew its holdings in Everest Group by 21.5% during the 3rd quarter. FMR LLC now owns 410,861 shares of the company’s stock worth $160,988,000 after acquiring an additional 72,822 shares during the period. Institutional investors and hedge funds own 92.64% of the company’s stock.

Everest Group Trading Down 0.3 %

EG opened at $355.03 on Friday. The stock has a market capitalization of $15.24 billion, a P/E ratio of 11.30, a P/E/G ratio of 0.24 and a beta of 0.61. Everest Group, Ltd. has a 12 month low of $327.37 and a 12 month high of $407.30. The firm’s fifty day simple moving average is $350.92 and its 200 day simple moving average is $367.72. 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 posted its quarterly earnings data on Monday, February 3rd. The company reported ($18.39) EPS for the quarter, missing the consensus estimate of $11.64 by ($30.03). Everest Group had a net margin of 7.95% and a return on equity of 9.04%. As a group, research analysts anticipate that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Everest Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 17th will be given a $2.00 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $8.00 annualized dividend and a yield of 2.25%. Everest Group’s dividend payout ratio is currently 25.47%.

Insider Activity at Everest Group

In other Everest Group news, Director Geraldine Losquadro sold 1,500 shares of the business’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $360.63, for a total transaction of $540,945.00. Following the sale, the director now directly 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 sale was disclosed in a filing with the SEC, which is available through this link. 1.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

EG has been the subject of a number of analyst reports. Jefferies Financial Group lowered shares of Everest Group from a “buy” rating to a “hold” rating and lifted their target price for the stock from $420.00 to $429.00 in a report on Tuesday, November 26th. Barclays lifted their target price on shares of Everest Group from $461.00 to $470.00 and gave the stock an “overweight” rating in a report on Tuesday, February 4th. BMO Capital Markets cut shares of Everest Group from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $453.00 to $375.00 in a research report on Thursday, January 30th. Keefe, Bruyette & Woods lifted their price target on shares of Everest Group from $420.00 to $434.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. Finally, 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 research report on Wednesday, February 5th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $416.50.

Everest Group Company 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.