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Xponance Inc. Sells 5,535 Shares of Everest Group, Ltd. $EG
Xponance Inc. significantly reduced its stake in Everest Group, Ltd. (NYSE:EG) by 38.4% in the third quarter, selling 5,535 shares and retaining 8,877 shares valued at approximately $3.109 million. This news comes as Everest Group reported quarterly EPS of $13.26, missing estimates, although revenue of $4.42 billion exceeded expectations despite a year-over-year decline. The company also declared a quarterly dividend of $2.00, resulting in an annualized dividend of $8.00 and a yield of around 2.4%.