Vinva Investment Management Ltd Sells 9,797 Shares of Everest Group, Ltd. (NYSE:EG)

Vinva Investment Management Ltd reduced its stake in shares of Everest Group, Ltd. (NYSE:EG) by 90.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,069 shares of the company’s stock after selling 9,797 shares during the period. Vinva Investment Management Ltd’s holdings in Everest Group were worth $384,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC grew its holdings in shares of Everest Group by 152.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 22,693 shares of the company’s stock valued at $8,225,000 after acquiring an additional 13,687 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Everest Group by 19.5% in the third quarter. JPMorgan Chase & Co. now owns 78,469 shares of the company’s stock valued at $30,747,000 after acquiring an additional 12,791 shares in the last quarter. Brophy Wealth Management LLC bought a new position in shares of Everest Group in the third quarter valued at approximately $749,000. Intech Investment Management LLC grew its holdings in shares of Everest Group by 13.1% in the third quarter. Intech Investment Management LLC now owns 27,324 shares of the company’s stock valued at $10,706,000 after acquiring an additional 3,166 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Everest Group by 5.5% in the third quarter. Principal Financial Group Inc. now owns 53,892 shares of the company’s stock valued at $21,117,000 after acquiring an additional 2,818 shares in the last quarter. 92.64% of the stock is owned by institutional investors.

Analysts Set New Price Targets

EG has been the subject of several research reports. Barclays increased their price objective on Everest Group from $461.00 to $470.00 and gave the company an “overweight” rating in a report on Tuesday, February 4th. Keefe, Bruyette & Woods increased their price objective on Everest Group from $420.00 to $434.00 and gave the company an “outperform” rating in a report on Friday, January 10th. Jefferies Financial Group lowered Everest Group from a “buy” rating to a “hold” rating and increased their price objective for the company from $420.00 to $429.00 in a report on Tuesday, November 26th. Morgan Stanley reissued an “equal weight” rating and set a $340.00 price objective (down from $425.00) on shares of Everest Group in a report on Wednesday, February 5th. Finally, Wells Fargo & Company reduced their price objective on 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 equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $416.50.

Everest Group Trading Down 0.5 %

NYSE:EG opened at $353.19 on Friday. The company has a market cap of $15.16 billion, a P/E ratio of 11.24, a P/E/G ratio of 0.24 and a beta of 0.61. The stock’s fifty day moving average price is $350.90 and its two-hundred day moving average price is $367.45. Everest Group, Ltd. has a 1 year low of $327.37 and a 1 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 issued 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 return on equity of 9.04% and a net margin of 7.95%. As a group, analysts expect that Everest Group, Ltd. will post 47.93 EPS for the current year.

Everest Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 17th will be given a dividend of $2.00 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $8.00 dividend on an annualized basis and a yield of 2.27%. Everest Group’s payout ratio is 25.47%.

Insider Buying and Selling at Everest Group

In other Everest Group news, Director Geraldine Losquadro sold 1,500 shares of the firm’s stock in a transaction dated 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 in the company, valued at $4,428,175.77. This trade represents a 10.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.20% of the company’s stock.

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.