Lmcg Investments LLC Sells 71 Shares of Everest Group, Ltd. (NYSE:EG)

Lmcg Investments LLC trimmed its holdings in Everest Group, Ltd. (NYSE:EG) by 0.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,255 shares of the company’s stock after selling 71 shares during the quarter. Lmcg Investments LLC’s holdings in Everest Group were worth $12,416,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. M&R Capital Management Inc. purchased a new position in shares of Everest Group during the third quarter valued at about $29,000. Bruce G. Allen Investments LLC raised its holdings in shares of Everest Group by 200.0% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 78 shares of the company’s stock worth $31,000 after acquiring an additional 52 shares in the last quarter. Eastern Bank purchased a new position in shares of Everest Group in the third quarter valued at $35,000. Brooklyn Investment Group bought a new position in Everest Group during the third quarter valued at $39,000. Finally, American National Bank & Trust increased its stake in Everest Group by 80.0% during the third quarter. American National Bank & Trust now owns 126 shares of the company’s stock worth $49,000 after acquiring an additional 56 shares during the last quarter. 92.64% of the stock is owned by hedge funds and other institutional investors.

Everest Group Price Performance

EG opened at $362.60 on Tuesday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.22. The business’s fifty day simple moving average is $367.78 and its 200-day simple moving average is $376.39. The company has a market capitalization of $15.58 billion, a price-to-earnings ratio of 5.67, a PEG ratio of 2.44 and a beta of 0.65. Everest Group, Ltd. has a 12-month low of $343.76 and a 12-month high of $407.30.

Everest Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th were given a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend was Wednesday, November 27th. Everest Group’s dividend payout ratio (DPR) is 12.52%.

Insider Transactions at Everest Group

In other Everest Group news, EVP Mike Karmilowicz sold 269 shares of the stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $348.48, for a total transaction of $93,741.12. Following the completion of the sale, the executive vice president now directly owns 12,726 shares of the company’s stock, valued at approximately $4,434,756.48. This represents a 2.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO James Allan Williamson sold 200 shares of the firm’s stock in a transaction dated 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 in the company, valued at $5,553,330. This represents a 1.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

EG has been the subject of a number of recent research reports. Jefferies Financial Group cut Everest Group from a “buy” rating to a “hold” rating and lifted their target price for the stock from $420.00 to $429.00 in a report on Tuesday, November 26th. UBS Group upgraded shares of Everest Group to a “hold” rating in a research report on Wednesday, October 9th. TD Cowen lowered their target price on shares of Everest Group from $444.00 to $419.00 and set a “hold” rating for the company in a report on Monday, November 18th. BMO Capital Markets upgraded shares of Everest Group from a “market perform” rating to an “outperform” rating and upped their price target for the company from $372.00 to $453.00 in a report on Friday, January 10th. Finally, Keefe, Bruyette & Woods boosted their target price on Everest Group from $420.00 to $434.00 and gave the company an “outperform” rating in a research report on Friday, January 10th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $435.44.

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.