Baader Bank Aktiengesellschaft Acquires New Holdings in Everest Group, Ltd. (NYSE:EG)

Baader Bank Aktiengesellschaft bought a new stake in Everest Group, Ltd. (NYSE:EG) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 558 shares of the company’s stock, valued at approximately $202,000.

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

Everest Group Stock Down 1.3 %

EG stock opened at $347.38 on Friday. The company has a market capitalization of $14.93 billion, a P/E ratio of 5.44, a price-to-earnings-growth ratio of 2.39 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. The firm’s fifty day simple moving average is $365.34 and its 200-day simple moving average is $375.37. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.40 and a quick ratio of 0.40.

Everest Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th were issued a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend was Wednesday, November 27th. Everest Group’s payout ratio is 12.52%.

Insiders Place Their Bets

In other news, COO James Allan Williamson sold 200 shares of the firm’s stock in a transaction that occurred 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 sale, the chief operating officer now owns 15,009 shares of the company’s stock, valued at $5,553,330. This trade represents a 1.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 stock was purchased at an average price of $348.64 per share, with a total value of $1,000,596.80. Following the completion of the purchase, the director now owns 32,822 shares in the company, valued at approximately $11,443,062.08. This trade represents a 9.58 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. TD Cowen dropped 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. Jefferies Financial Group downgraded shares of Everest Group from a “buy” rating to a “hold” rating and upped their price objective for the company 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 note on Wednesday, October 9th. Bank of America cut their price target on shares of Everest Group from $496.00 to $485.00 and set a “buy” rating on the stock in a research note on Thursday, October 10th. Finally, BMO Capital Markets downgraded shares of Everest Group from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $453.00 to $375.00 in a research note on Thursday. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $422.56.

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.