Signaturefd LLC Sells 212 Shares of Everest Group, Ltd. (NYSE:EG)

Signaturefd LLC trimmed its stake in shares of Everest Group, Ltd. (NYSE:EG) by 39.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 324 shares of the company’s stock after selling 212 shares during the period. Signaturefd LLC’s holdings in Everest Group were worth $117,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. SBI Securities Co. Ltd. acquired a new position in Everest Group during the 4th quarter worth $31,000. Brooklyn Investment Group bought a new stake in shares of Everest Group during the third quarter worth $39,000. Private Trust Co. NA raised its position in shares of Everest Group by 51.7% during the third quarter. Private Trust Co. NA now owns 132 shares of the company’s stock worth $52,000 after acquiring an additional 45 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Everest Group in the third quarter valued at about $64,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in Everest Group by 43.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 211 shares of the company’s stock valued at $76,000 after acquiring an additional 64 shares during the last quarter. 92.64% of the stock is owned by institutional investors.

Everest Group Price Performance

Shares of EG stock opened at $353.19 on Monday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.26. Everest Group, Ltd. has a 12-month low of $327.37 and a 12-month high of $407.30. The firm has a fifty day moving average of $350.90 and a 200-day moving average of $367.09. The firm has a market capitalization of $15.16 billion, a price-to-earnings ratio of 11.24, a price-to-earnings-growth ratio of 0.24 and a beta of 0.61.

Everest Group (NYSE:EG) last posted its earnings results 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 net margin of 7.95% and a return on equity of 9.04%. On average, equities research analysts forecast that Everest Group, Ltd. will post 47.93 earnings per share for the current year.

Everest Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 17th will be paid a dividend of $2.00 per share. The ex-dividend date 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%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. BMO Capital Markets downgraded shares of Everest Group from an “outperform” rating to a “market perform” rating and cut their target price for the company from $453.00 to $375.00 in a research report on Thursday, January 30th. Wells Fargo & Company cut their price objective on shares of Everest Group from $390.00 to $380.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Keefe, Bruyette & Woods lifted their target price on shares of Everest Group from $420.00 to $434.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. Barclays increased their price target on Everest Group from $461.00 to $470.00 and gave the company an “overweight” rating in a research note on Tuesday, February 4th. Finally, Jefferies Financial Group cut Everest Group from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $420.00 to $429.00 in a research note on Tuesday, November 26th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Everest Group presently has an average rating of “Hold” and a consensus target price of $416.50.

Insiders Place Their Bets

In other Everest Group news, Director Geraldine Losquadro sold 1,500 shares of the 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 completion of the transaction, the director now owns 12,279 shares in the company, valued at approximately $4,428,175.77. This represents a 10.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.20% 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.