Insider Selling: Everest Group, Ltd. (NYSE:EG) EVP Sells 269 Shares of Stock

Everest Group, Ltd. (NYSE:EG) 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 transaction, the executive vice president now directly owns 12,726 shares of the company’s stock, valued at approximately $4,434,756.48. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Everest Group Stock Up 0.8 %

Shares of EG stock traded up $2.65 during trading hours on Tuesday, reaching $350.40. 322,190 shares of the company’s stock were exchanged, compared to its average volume of 346,137. Everest Group, Ltd. has a 1 year low of $343.76 and a 1 year high of $417.92. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.22. The stock has a market cap of $15.09 billion, a PE ratio of 5.50, a PEG ratio of 2.45 and a beta of 0.63. The stock’s fifty day moving average price is $385.26 and its two-hundred day moving average price is $380.80.

Everest Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 16th were issued a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date of this dividend was Monday, September 16th. Everest Group’s dividend payout ratio (DPR) is presently 12.52%.

Hedge Funds Weigh In On Everest Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC increased its holdings in shares of Everest Group by 284.8% in the third quarter. SG Americas Securities LLC now owns 24,556 shares of the company’s stock valued at $9,622,000 after purchasing an additional 18,175 shares during the period. Whittier Trust Co. purchased a new position in shares of Everest Group during the 1st quarter valued at about $1,505,000. Clearbridge Investments LLC boosted its stake in shares of Everest Group by 1.5% in the first quarter. Clearbridge Investments LLC now owns 289,439 shares of the company’s stock worth $115,052,000 after buying an additional 4,412 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in Everest Group during the second quarter worth about $921,000. Finally, Forsta AP Fonden grew its stake in shares of Everest Group by 131.1% during the 1st quarter. Forsta AP Fonden now owns 17,100 shares of the company’s stock worth $6,797,000 after purchasing an additional 9,700 shares during the period. Hedge funds and other institutional investors own 92.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Jefferies Financial Group lifted their price objective on shares of Everest Group from $440.00 to $457.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Wells Fargo & Company dropped their price objective on Everest Group from $406.00 to $402.00 and set an “equal weight” rating for the company in a report on Tuesday. Keefe, Bruyette & Woods reduced their target price on Everest Group from $454.00 to $438.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Barclays lowered their target price on shares of Everest Group from $527.00 to $517.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $403.00 price objective on shares of Everest Group in a report on Friday, August 30th. Five research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $438.00.

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.