Mount Yale Investment Advisors LLC Buys 580 Shares of Everest Group, Ltd. (NYSE:EG)

Mount Yale Investment Advisors LLC increased its position in Everest Group, Ltd. (NYSE:EG) by 4.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,388 shares of the company’s stock after acquiring an additional 580 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Everest Group were worth $4,490,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. M&R Capital Management Inc. purchased a new stake in Everest Group in the 3rd quarter worth approximately $29,000. Bruce G. Allen Investments LLC increased its holdings in shares of Everest Group by 200.0% in the third quarter. Bruce G. Allen Investments LLC now owns 78 shares of the company’s stock worth $31,000 after purchasing an additional 52 shares during the period. Eastern Bank bought a new position in shares of Everest Group in the third quarter worth $35,000. Brooklyn Investment Group purchased a new stake in shares of Everest Group in the third quarter worth $39,000. Finally, American National Bank & Trust boosted 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 valued at $49,000 after buying an additional 56 shares during the period. 92.64% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on EG. Wells Fargo & Company lowered their price target on Everest Group from $390.00 to $380.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Barclays reduced their price target on shares of Everest Group from $517.00 to $499.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Bank of America decreased 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. Jefferies Financial Group lowered shares of Everest Group from a “buy” rating to a “hold” rating and upped their price target for the company from $420.00 to $429.00 in a report on Tuesday, November 26th. Finally, UBS Group raised shares of Everest Group to a “hold” rating in a report on Wednesday, October 9th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $435.44.

Insider Transactions at Everest Group

In related news, EVP Mike Karmilowicz sold 269 shares of Everest Group stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $348.48, for a total value of $93,741.12. Following the completion of the sale, the executive vice president now directly owns 12,726 shares in the company, valued at approximately $4,434,756.48. This trade represents a 2.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO James Allan Williamson sold 200 shares of the business’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $370.00, for a total value of $74,000.00. Following the completion of the transaction, the chief operating officer now directly 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 disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

Everest Group Stock Up 0.6 %

Shares of NYSE:EG opened at $365.52 on Monday. 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 stock has a fifty day simple moving average of $367.39 and a two-hundred day simple moving average of $376.18. Everest Group, Ltd. has a 12-month low of $343.76 and a 12-month high of $407.30. The stock has a market capitalization of $15.71 billion, a price-to-earnings ratio of 5.72, a PEG ratio of 2.47 and a beta of 0.65.

Everest Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th were paid a dividend of $2.00 per share. The ex-dividend date was Wednesday, November 27th. This represents a $8.00 dividend on an annualized basis and a yield of 2.19%. Everest Group’s dividend payout ratio is currently 12.52%.

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.