Paragon Capital Management Ltd Sells 111 Shares of Everest Group, Ltd. (NYSE:EG)

Paragon Capital Management Ltd lowered its position in Everest Group, Ltd. (NYSE:EG) by 15.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 589 shares of the company’s stock after selling 111 shares during the quarter. Paragon Capital Management Ltd’s holdings in Everest Group were worth $214,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its stake in Everest Group by 39.9% in the fourth quarter. JPMorgan Chase & Co. now owns 109,775 shares of the company’s stock worth $39,789,000 after purchasing an additional 31,306 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of Everest Group by 25.4% in the 4th quarter. Commonwealth Equity Services LLC now owns 12,055 shares of the company’s stock valued at $4,369,000 after acquiring an additional 2,438 shares during the period. Brandywine Global Investment Management LLC increased its holdings in shares of Everest Group by 108.5% in the 4th quarter. Brandywine Global Investment Management LLC now owns 12,423 shares of the company’s stock valued at $4,503,000 after acquiring an additional 6,466 shares during the period. Atria Wealth Solutions Inc. purchased a new position in shares of Everest Group in the 4th quarter valued at $325,000. Finally, Johnson Investment Counsel Inc. increased its holdings in shares of Everest Group by 5.1% in the 4th quarter. Johnson Investment Counsel Inc. now owns 186,327 shares of the company’s stock valued at $67,536,000 after acquiring an additional 8,984 shares during the period. Institutional investors own 92.64% of the company’s stock.

Insider Transactions at Everest Group

In other Everest Group news, Director Geraldine Losquadro sold 1,500 shares of Everest Group 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 sale, the director now owns 12,279 shares of the company’s stock, valued at approximately $4,428,175.77. The trade was a 10.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.10% of the company’s stock.

Everest Group Stock Up 1.3%

Everest Group stock opened at $339.72 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.40 and a quick ratio of 0.40. The stock has a market capitalization of $14.45 billion, a price-to-earnings ratio of 10.82, a PEG ratio of 0.24 and a beta of 0.53. Everest Group, Ltd. has a 1-year low of $320.00 and a 1-year high of $407.30. The business has a fifty day moving average price of $345.81 and a 200-day moving average price of $353.42.

Everest Group (NYSE:EG) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $6.45 earnings per share for the quarter, missing analysts’ consensus estimates of $7.46 by ($1.01). The business had revenue of $4.26 billion during the quarter, compared to analyst estimates of $3.89 billion. Everest Group had a return on equity of 9.04% and a net margin of 7.95%. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the previous year, the business earned $16.32 EPS. Equities research analysts forecast that Everest Group, Ltd. will post 47.93 EPS for the current fiscal year.

Everest Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Wednesday, May 28th will be given a $2.00 dividend. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.35%. Everest Group’s payout ratio is 41.15%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Evercore ISI cut their price target on Everest Group from $400.00 to $396.00 and set an “in-line” rating on the stock in a report on Thursday, May 1st. Wells Fargo & Company cut their price target on Everest Group from $362.00 to $361.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 6th. Keefe, Bruyette & Woods cut their price target on Everest Group from $434.00 to $402.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. Jefferies Financial Group upgraded Everest Group from a “hold” rating to a “buy” rating and lifted their price target for the company from $376.00 to $415.00 in a report on Friday, April 11th. Finally, UBS Group cut their price target on Everest Group from $375.00 to $372.00 and set a “neutral” rating on the stock in a report on Wednesday, April 9th. Six analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $398.09.

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.