Crossmark Global Holdings Inc. Has $1.72 Million Stake in Everest Group, Ltd. (NYSE:EG)

Crossmark Global Holdings Inc. raised its stake in Everest Group, Ltd. (NYSE:EG) by 206.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,745 shares of the company’s stock after buying an additional 3,197 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Everest Group were worth $1,720,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Polianta Ltd lifted its stake in Everest Group by 20.7% in the fourth quarter. Polianta Ltd now owns 3,500 shares of the company’s stock valued at $1,268,000 after buying an additional 600 shares during the period. HB Wealth Management LLC raised its position in shares of Everest Group by 16.7% during the fourth quarter. HB Wealth Management LLC now owns 2,260 shares of the company’s stock worth $819,000 after purchasing an additional 324 shares during the period. Wedge Capital Management L L P NC lifted its holdings in shares of Everest Group by 9.4% during the 4th quarter. Wedge Capital Management L L P NC now owns 8,636 shares of the company’s stock valued at $3,130,000 after purchasing an additional 739 shares in the last quarter. Empirical Asset Management LLC bought a new position in shares of Everest Group during the 4th quarter valued at about $11,084,000. Finally, Steph & Co. lifted its holdings in shares of Everest Group by 10.6% during the 4th quarter. Steph & Co. now owns 366 shares of the company’s stock valued at $133,000 after purchasing an additional 35 shares in the last quarter. Institutional investors and hedge funds own 92.64% of the company’s stock.

Everest Group Trading Down 0.3 %

Shares of Everest Group stock opened at $362.77 on Friday. Everest Group, Ltd. has a 12-month low of $343.76 and a 12-month high of $407.30. The stock has a market cap of $15.59 billion, a P/E ratio of 5.68, a P/E/G ratio of 2.47 and a beta of 0.65. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.22. The business’s 50 day moving average is $367.51 and its 200-day moving average is $376.22.

Everest Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th were paid a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date was Wednesday, November 27th. Everest Group’s dividend payout ratio is currently 12.52%.

Analyst Upgrades and Downgrades

EG has been the topic of several recent analyst reports. Keefe, Bruyette & Woods lifted their price objective on Everest Group from $420.00 to $434.00 and gave the company an “outperform” rating in a report on Friday, January 10th. BMO Capital Markets upgraded Everest Group from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $372.00 to $453.00 in a report on Friday, January 10th. Barclays cut their price objective on Everest Group from $517.00 to $499.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Bank of America cut their price objective on Everest Group from $496.00 to $485.00 and set a “buy” rating on the stock in a report on Thursday, October 10th. 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, November 18th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $435.44.

Insider Transactions at Everest Group

In other news, COO James Allan Williamson sold 200 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $370.00, for a total transaction of $74,000.00. Following 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 position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director William F. Galtney, Jr. bought 2,870 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were acquired at an average cost of $348.64 per share, for a total transaction of $1,000,596.80. Following the completion of the acquisition, the director now directly owns 32,822 shares in the company, valued at $11,443,062.08. The trade was a 9.58 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.20% of the company’s stock.

Everest Group 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.