Insider Selling: Everest Group, Ltd. (NYSE:EG) COO Sells $74,000.00 in Stock

Everest Group, Ltd. (NYSE:EG) COO James Allan Williamson sold 200 shares of the company’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $370.00, for a total transaction of $74,000.00. Following the completion of the sale, the chief operating officer now owns 15,009 shares of the company’s stock, valued at approximately $5,553,330. This trade represents a 1.32 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Everest Group Price Performance

Everest Group stock opened at $376.87 on Thursday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.22. Everest Group, Ltd. has a 12-month low of $343.76 and a 12-month high of $417.92. The stock has a market cap of $16.20 billion, a price-to-earnings ratio of 5.90, a P/E/G ratio of 2.72 and a beta of 0.63. The business’s 50-day simple moving average is $380.51 and its 200 day simple moving average is $380.68.

Everest Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th will be given a dividend of $2.00 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.12%. Everest Group’s payout ratio is 12.52%.

Institutional Investors Weigh In On Everest Group

Several institutional investors and hedge funds have recently made changes to their positions in EG. Csenge Advisory Group boosted its position in Everest Group by 2.2% during the 2nd quarter. Csenge Advisory Group now owns 1,239 shares of the company’s stock valued at $472,000 after acquiring an additional 27 shares in the last quarter. Legend Financial Advisors Inc. raised its stake in Everest Group by 1.6% in the second quarter. Legend Financial Advisors Inc. now owns 1,765 shares of the company’s stock worth $672,000 after buying an additional 27 shares in the last quarter. Wedmont Private Capital grew its holdings in shares of Everest Group by 4.8% during the third quarter. Wedmont Private Capital now owns 638 shares of the company’s stock valued at $238,000 after buying an additional 29 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its position in shares of Everest Group by 36.9% in the second quarter. Massmutual Trust Co. FSB ADV now owns 115 shares of the company’s stock worth $44,000 after acquiring an additional 31 shares during the period. Finally, Banque Cantonale Vaudoise grew its stake in shares of Everest Group by 4.6% in the 2nd quarter. Banque Cantonale Vaudoise now owns 745 shares of the company’s stock valued at $284,000 after buying an additional 33 shares during the period. Institutional investors own 92.64% of the company’s stock.

Analysts Set New Price Targets

EG has been the topic of a number of recent research reports. Bank of America reduced their target price on shares of Everest Group from $496.00 to $485.00 and set a “buy” rating on the stock in a report on Thursday, October 10th. UBS Group raised shares of Everest Group to a “hold” rating in a research report on Wednesday, October 9th. Jefferies Financial Group raised their price target on shares of Everest Group from $440.00 to $457.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Barclays cut their target price on Everest Group from $527.00 to $517.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. Finally, TD Cowen cut their target price on Everest Group from $444.00 to $419.00 and set a “hold” rating on the stock in a research note on Monday. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Everest Group has an average rating of “Moderate Buy” and an average target price of $434.10.

Everest Group Company 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.