Champlain Investment Partners LLC Cuts Position in Everest Group, Ltd. (NYSE:EG)

Champlain Investment Partners LLC lowered its holdings in shares of Everest Group, Ltd. (NYSE:EG) by 6.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 862,325 shares of the company’s stock after selling 61,605 shares during the period. Everest Group makes up about 2.0% of Champlain Investment Partners LLC’s holdings, making the stock its 4th biggest position. Champlain Investment Partners LLC’s holdings in Everest Group were worth $312,558,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. SBI Securities Co. Ltd. bought a new position in shares of Everest Group during the 4th quarter worth about $31,000. Wilmington Savings Fund Society FSB acquired a new position in Everest Group during the 3rd quarter worth approximately $64,000. Private Trust Co. NA boosted its holdings in Everest Group by 48.5% in the fourth quarter. Private Trust Co. NA now owns 196 shares of the company’s stock worth $71,000 after acquiring an additional 64 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake 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 period. Finally, Avior Wealth Management LLC increased its holdings in shares of Everest Group by 22.4% during the fourth quarter. Avior Wealth Management LLC now owns 257 shares of the company’s stock valued at $93,000 after acquiring an additional 47 shares in the last quarter. 92.64% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Everest Group

In other Everest Group news, Director Geraldine Losquadro sold 1,500 shares of the business’s stock in a transaction 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 sale, the director now directly owns 12,279 shares in the company, valued at $4,428,175.77. The trade was a 10.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. UBS Group cut their target price on Everest Group from $375.00 to $372.00 and set a “neutral” rating on the stock in a report on Wednesday, April 9th. Jefferies Financial Group upgraded shares of Everest Group from a “hold” rating to a “buy” rating and lifted their price objective for the company from $376.00 to $415.00 in a report on Friday, April 11th. Keefe, Bruyette & Woods lowered their target price on shares of Everest Group from $434.00 to $402.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. Wells Fargo & Company decreased their price objective on Everest Group from $370.00 to $362.00 and set an “equal weight” rating for the company in a report on Thursday, April 10th. Finally, BMO Capital Markets downgraded Everest Group from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $453.00 to $375.00 in a research note on Thursday, January 30th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $396.00.

Everest Group Price Performance

Shares of NYSE EG opened at $348.75 on Thursday. The company has a market capitalization of $16.67 billion, a PE ratio of 11.10, a PEG ratio of 0.24 and a beta of 0.43. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.26. The stock’s 50 day moving average price is $349.57 and its 200-day moving average price is $362.81. Everest Group, Ltd. has a twelve month low of $320.00 and a twelve month high of $407.30.

Everest Group (NYSE:EG) last posted its quarterly earnings data on Monday, February 3rd. The company reported ($18.39) earnings per share for the quarter, missing the consensus estimate of $11.64 by ($30.03). Everest Group had a return on equity of 9.04% and a net margin of 7.95%. On average, equities analysts anticipate that Everest Group, Ltd. will post 47.93 EPS for the current year.

Everest Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 17th were paid a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date was Monday, March 17th. Everest Group’s payout ratio is 25.47%.

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.